Answer Posted / mayuri patil

actually in vat there are no types of vat. The difference
is in between methods of varient and rates of vat

A)methods of varient
1.Gross product Variant
2.Income Variant
3.Consumption Variant

B)rates of vat
1)1% - GOLD & PRECAUSIOUS STONE
2)4% - FINISH GOODS
3)12.5% - ELECTRONIC GOODS
4)20% - LIQUOR
5)UP TO 36% - PETROL, DIESEL


The purpose of sales tax
tax wich is the name used by people/govt is sales
tax. after some modications and new methods we, in todays
world called vat. in sales tax system tax is charged
more...i.e. tax on tax
sales tax purpose from governments point of view
sales tax is a reveneu income of state govt. because of
sales tax govt can achive a control on peopl. the tax
evasion comes down. tax collected more by govt.
sales tax from assessees point of view --
assessee can enjoy self assessment. assessee may feel at
some extent relax..etc.
this system is benificial to prompt assessees
and heavily pynishable who makes a frod...

Please mail me the TDS rates for the year 07-08? aamirdeba@in.com

2088

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i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

2209

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Define the term "Manufacturer"as introduced in finance act2010.

2157

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what is cenvet credit in vat.

6330

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is WCT applicable one time? and what will be rate of WCT in UP State?

1953

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Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.

4177

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In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.

1867

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i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible

1971

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please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales

1909

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over all details about tax what is mean by headge fund and detail explanation?

2283

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I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

2259

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sub hadding no. scrap & Wastage in corrugated box

2219

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i am new to this tax system if you don't mine "please help me"

1995

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Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

2496

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what is the difference between tds tax code and tds tax type in sap fi

1893

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