This Query has 1 replies
I have a difficulty
My sales are not liable for VAT...ie., Mine is a hotel industry and have income by way of room rent. I purchase materials for repairs and materials & other items which I pay input VAT....
As I have to file the VAT returns which is mandatory in maharashtra...it shows the sale and also the purchase items in the vat return.As I am not liable for VAT on output....I dont pay any VAT. But the Input vat is shown in the return based on the different purchases. It shows the Input credit and also in the subsequent return it shows as unutilised credit from the previous period. I think it should show as NIL or NA as I am not liable to pay any VAT on sales, I wont get any vat credit and hence no set off or carry forward also.
Please let me know how to solve this problem.
Regards
Avinash
This Query has 1 replies
Iam willing to do ACCA course of UK.Is there any chapters in India ? Particularly in Chennai or Bangalore ?
Thangaraj-Coimbatore
This Query has 5 replies
Is works contract tax credit is available against VAT as per act
This Query has 1 replies
Dear Sir,
I'm Rakesh and I want to know that recently i'm going to join a new firm. The firm's main office is situated at china and regd. office is at Delhi,I have to work as Finance Executive there, so from china all the accounting work will be done
I have to manage all accounts payable in that & to check some documents like Bank statements and payment request.
I just want to know what is accounts payable and the documents involved in this subject.Also want to know TDS formats. Please guide me JHA SIR.
My email id is : rakeshmishra_siemens@yahoo.co.in
This Query has 2 replies
THE COMPANY REDEEMED PREFERENCE SHARES SHARE AT A DISCOUNT OF 10%, (ie) RS 90 (FV 100), BY FRESH ISSUE OF EQUITY SHARE AT RS 100. HOW WILL COMPANY ACCOUNT RS 10 PROFIT (ie)DIFFERENCE BETWEEN RS 100 & RS 90? IS IT RIGHT TO RECOGNISE IT IN P&L? IF NOT WHERE?
This Query has 2 replies
What is the P/E ratio and how its affect on company and investor at high and Low
This Query has 4 replies
DEAR SIR,
PLS. CLARIFY THE FOLLOWING:
A PVT. LTD. CO. PROVIDE MAINTENANCE, MANAGEMENT AND REPAIR SERVICES TO A SUPER MARKET CONTAINING ABOUT 200 SHOPS. IT CHARGES RS. 1500 PER MONTH FROM EACH SHOP FOR THE FOLLOWING SERVICES:
1.CLEANING
2.WATER & SEWERAGE
3.ELECTRICITY
4.LIFT OPERATION
5.GENERATOR RENT
6.MATERIAL USED IN PROVIDING SERVICES
CAN WE DO ANY TAX PLANNING TO SAVE SERVICE TAX. IF YES, HOW ?
This Query has 2 replies
A company transfered land from FA to CA @ market price and adjusted the excess value under capital reserve instead of revaluation reserve. In subsiquent year the value was w/d gradually with declining market value. Whether this would constitute unusual accounting? AS 10
This Query has 3 replies
To one NRI if there is any restriction of any gift in way of shares of pvt. ltd. compnay,
if not then how much % share we can give him as gift
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Builder & Developers - VAT