Interested to Buy Any Domain ? << Click Here >> for more details...
Entry Tax paid for Car purchased Rs.800000 and this amount
may adjust to VAt payable. Noted that we are filing vat
return on the compound basis.
- 1 Answers
- 2893 Views
- I also Faced
- E-Mail Answers
Answer Posted / abhivirthi tax and industrial
Dealers paying tax at the Compounded rates basis shall not be entitled to input tax credit on the goods purchased by them and the dealers paying tax at the compounded rates basis should not collect any amount by way of tax or purporting to be by way of tax on their sales and hence there is no provision to adjust the entry tax for the car purchased towards VAT payable.
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 are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)
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
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
What is c.s.t slab on furniture & fixture ?
What is the procedure to take modvat and its form number
HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE
What are the deductions under salary head? Name the items.
why use diff vat forms like vat51 vat3 why
when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??
OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?
How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.
What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
WHAT IS CORPORATE TAX ?
