What is the present Central sales tax rate in India? Also
let me know the maxium and minium sales tax rate in India.
If the VAT rate changed of any state what will be the
impact of CST.
Answer Posted / haider
Present Tax Rate is 2% from Registered & 12.5% from
unregistered.
No impact of VAT changed.
Is This Answer Correct ? | 6 Yes | 3 No |
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From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
why only 6 months interest is charged on drawings
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Wipro Limited Hi,
I am working at Himachal Pradesh, there we pay entry tax
for purchase other state. but now govt decide this tax will
be deposited with Sale Tax return, now my question is that
where column i show this tax or which challn i deposit this
tax Which kind of transactions are not recorded in the books of account? Explain what is involved in the process of double-entry
accounting? Explain me have you ever heard about tds, what it is? How to pass VAT retention entry on computer and Furniture Types of errors in account 6. What is the amount of Simple Interest on $ 1,500 for
90 days at 6% interest (year is 360 days)? Tell me what is working capital? What is "deposit in transit"? Explain me what is assets minus liabilities? What is the difference between personal account real account and nominal account? How to make a entry in tally for Land & Building Purchased
for RS.1,65,00,000/-(Total Consideration)Paid Installment
wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500