Answer Posted / mihir
ITC = Input Tax Credit.
This relates to the Purchase Tax paid by any dealer or
manufacturer on purchase of Stock in trade or Raw materials
to be used for manufacturing.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What is c.s.t slab on furniture & fixture ?
If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?
if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?
I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
How to show reject material in ER1
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
How to working service tax in excel sheet?
as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com
how to finalaze the balence process using tally