Interested to Buy Any Domain ? << Click Here >> for more details...
what is vat?
what is excise?
what is form c & d in sales tax?
- 43 Answers
- 207478 Views
- Aksh Optifibre Limited, CA, Cat Computer Services, DHL, Escorts, iFlex, Murjani, Precision Die Cutting, TCS, I also Faced
- E-Mail Answers
Answer Posted / surya. gangadhar
VAT:- IT IS A MULTI SALE POINT OF TAX WITH SETOFF. THAT
MEANS CHARGED BY THE REGISTERED DEALER(SELLER) TO
REGISTERED DEALER(PURCHASER). IF IT IS WITHIN THE STATE
THAT IS VAT WILL APPLICABLE WHERE AS INTERSTATE C.S.T WILL
BE APPLICABLE.IF PURCHASER ISSUE FORM'C' TO THE SELLER THEN
THE RATE OF TAX WILL BE REDUSED THROUGH 'C' FORM. FORM D
WILL BE ISSUED BY THE GOVT. TO THE SELLER INTHE SAME WAY.
EXAMPLE:
IF A PURCHASE GOODS FROM B. B WILL CHARGE SOME AMOUNT
INCLUDING TAX. IF A ISSUE'S FORM 'C' THEN THE TAX WILL BE
REDUCED. SO A IS SAVING OF TAX.
| Is This Answer Correct ? | 14 Yes | 5 No |
Post New Answer View All Answers
We are Interior Decorators in Chennai,Tamilnadu. I would like to know the vat applicable for us 14.5% or 5%. We supply the material and do the works at the sites itself.
Hi, I need the clarification in Tax Rate in Karnataka for Frozen foods like Paratha, Briyani, Pasta's Please share the information for me
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
From Karnataka,while sending material out, which are all the states required Form 38?
Define assessment year.
If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
Who is an assessee?
what is the prime cost? and factory cost how to calculate it?
type of sale and purchase tax?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
