Define the 'Input Tax' in respect of Service Tax Act. What
type of Input tax can be taken for the credit of tax payble?
- 2 Answers
- 11291 Views
- I also Faced
- E-Mail Answers
Answer Posted / rajatsingh845@gmail.com
Input VAT is the value added tax added to the price when you purchase goods or services liable to VAT. If the buyer is registered in the VAT Register, the buyer can deduct the amount of VAT paid from his/her settlement with the tax authorities.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
tds will be charged by hotel industry on what
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.
Define FBT with example & how it can be calculate ?
Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa
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?
What is RITC under UP VAT. and How it is calculated.
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
What are the basic and additional conditions for resident and ordinarily resident (ror)?
What is the date of depositing entry tax and submission of return?
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
which purchases is profitable for us a building material purchases from direct of contactor ?
What is meant by Cost of Improvement?
Please explain how to pass entry for VAT setoff and Service Tax Credit?
