How to calculate service tax on advance received and pay to Government , and journal entry of advance received .
suppose total advance received =50,00,000
service tax payable amount=50,00,000*12.36/112.36 =5,50,018
Journal entry in the books of service provider
Bank A/c DR. 50,00,000
To Party A/ cr 44,49,982
To service tax payable 5,50,018
this procedure is correct or incorrect.please reply this question.
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Sir i want to claim tds on salaried income on assessment year 2014-15 for which i got form-16 amounting 10k. i want to do it myself online without involving C.A. Sir please guide me step by step process for my claiming tds , as i am new to these. Waiting for fast reply. Thankyou. Adi.
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Dear All,
1. What is the difference between firm &
Company ?
2. What is the difference between partnership firm & proprietor ship firm?
Dear All,
We are planning to start a partnership firm in surat gujrat india and our main business is to sale textile products (readymade garment purchase and then sale + manufacture and then sale)through our website and we receive order and payment through our website and after it we delivered the goods to buyer which can be located in india or outside india.
Please suggest us what are the legal formalties and registration required to sale our product like PAN,TAN,VAT etc....
And my second question is whether we should take IEC(IMPORTER EXPORTER CODE)bacause we sale goods outside of india also if order received.
Can we apply for SSI also.
PLEASE GUIDE US....
THANKS IN ADVANCE
we have a bill of Rent
Rent 100
I need to deduct service charges(my income)10% that is Rs10/- remaining 90 to be paid as rent.
On what amount we need to deduct TDS (on Rs100 or Rs90)
if an individual having 2 independent proprietory business and the turnover of one business is 52.00 lakhs and another is 49.00 lakhs and if, 1) he declare profit in both business more than 8% is audit applicable.? 2)he declare profit under 8% in both the business than audit is applicable..? 3) he declare profit in one business above 8% and in another below 8% than what will be the circumstances for audit..? as of now the audit report is to be uploaded online so if. 1) auditor is one how can he upload audit report ..Combine business or separately upload.. 2) if auditor for both the business are different than how they deal with that..? thaks for ur time...
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Service tax on advance received.