Answer Posted / abhivirthi tax and industrial
In Hotel we prepare coffee. Form preparation of coffee we use milk, sugar and coffee powder. But we cannot directly mix all these items. We will have to heat the milk then add Instant Coffee Powder and sugar. For heating the milk we use firewood or charcoal or electricity. For preparation of coffee the firewood or charcoal or electricity used is called consumable. The materials will not be transferred to the client on account of sale but without consuming firewood or charcoal the hot coffee could not be prepared.
For Cold Coffee, the Coffee must be placed in the Freezer and the Freezer or Refrigerator consumes Electricity and the Electricity is called consumable in Cold Coffee.
Reply from:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT Practitioner and Industrial Consultant
H-63, Palaami Enclave
New Natham Road,
Madurai-625014
Cell: 9994990599,
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is permanent account number (pan)?
due date for issue of C form, if c form is not issue what will be the consequences
Tell about dvat and dvat rate
How should the personal assets of a salaried employee be shown in his books of accounts ?
if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form
My client has not filled income tax return for ay-2013-14
I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule
Should we give C form with Freight, Insurance, P&F after CST?
How many types of vat categoryplease tell me all type of vat categories..............
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com
if waybill issued by consignor , then c form issue whose responsibility?
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