WE ARE NOT VAT REGISTERED BUT WE HAVE SALES TAX NO. OUR CREDITOR CHARGES US VAT @ 4% ON ELECTRONIC HARDWARE & COMPUTER ACCESSORIES GOODS.
WE PASS FOLLOWING ENTRY IN BOOK OF ACCOUNTS :
ELECTRONIC HARDWARE ITMS A/C DR. XXX
TO SUNDRY CREDITORS A/C XXX
SUNDRY CREDITORS A/C DR. XXX
TO BANK A/C XXX
IS IT RIGHT PRACTICE??
CAN WE HAVE VAT CREDIT??
PLEASE SUGGEST.
Dear Sir,
Can I claim penalty & fines paid to the Govt.Authorities other than I.T.Dept as an expenses if yes upto what extent and also we had paid huge amount of penalty on behalf of our customer which will be reimbursed by oure customer later on pls tell me the accounting entries for the same.
Please suggest study material for Accounts syllabus of CA final
WHAT ARE THE PROCEDURE TO APPOINTMENT A NEW DIRECTOR IN A COMPANY. AND WHATS NEEDS TO BE DONE IN ROC.
Dear sir,
i have already submited my service tax return for march 2009 but i forget to take some cenvat credit (ST which i paid).
what can i do? CAN I TAKE THAT CENVAT THIS YEAR?
Hai
Please give me a brief notes to Wealth Tax
I have jewell worth above Rs 2 lakhs i am liable to pay tax.
Please tell me procedure of redeeming EPCG License. What forms has to be submitted?
Thanks
Lovenish Bansal
Sir,
for financial year 2008-09 TDS deducted and paid for which we need to issue certificates.
Now the certificates should be issued in new format or old format?
if new format what should we mentioned in column of UTN - as we didnot receive any unique number from income tax department.
Our Company import raw material from abroad
and processing and make into finished product. these product sale to other company. But purchase co. want duty draw back repot. so our company giving detail of duty duty draw back report. Can our company avail some benefit from that company. Can Our company claim some benefit of that company.
If Claim which sec. he can claim ?
R. Purna Ch. Achary
Jr. Finance Officer
DAESUNG ELECTRICAL INDIA PVT. LTD
Live class on PF & ESI Enrollment & Returns Filing(with recording)
ACCOUNTING ENTRY