About me
-
What kinds of questions I can and can't answer?
I would like to answer simply excise,D Vat, Centarl Sales Tax, Service Tax etc.
My area of expertise
Custom and Excise,sales Tax ,Service Tax, accounts, MIS etc
My experience in the area (years):
20 Years
Organizations I belong to:
M/S Complete Exports M/s S.K.Industrial Corporation M/s Bentex Electricals M/s Jain Motor Car Company M/s Parvati Private Ltd.
Publications or writing which has appeared :
No
Educational credentials:
B.Com
Award & Honors:
no
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Rajesh
says
: Excise Duty Passing entry Urgent Sir!!
Dear Experts, 1) How i have to calculate Excise Duty liability for a company? 2) What is the entry for recognizing the excise duty ? 3) what is the entry when it is passed on to the buyer? The above queries given with an example: Purchases---> Raw Material A Raw Material B Base Price 1000 1200 Excise Duty 80 96 VAT 43.2 51.84 Total 1123 1348 (rounded off to the nearest rupee) Now after finishing the manufacturing process, the Company makes a Sale As per the Valuation Rules it is Rs.4500. Sales ---> Finished Goods C Base Price 4500 Excise 85 VAT 183.4 Total 4768 (rounded off to the nearest rupee) Payment made to PLA Rs.100000 so that he can remove the goods without any problem. Also give entry to the above. Thanks for everyone who replied for this. With regards, Rajesh. -
raj kumar
says
: tds u/s 194 I
from 1 july 2010 the threshold limit is 180000 -
CA Amit Sharma
says
: TCS applicablity
sir we have coal washery which was constructed by company at the end some scrap of that company was left which we purchased. my question is whether TCS is applicable on us for that payment?if yes then suppose total payment is for Rs 100000 how much is TCS? -
Student
says
: MIS
sir, cud you pls upload formats for MIS. I want to learn mis but dont know frm whr to begin. pls help me. thnx, kirti -
Rajesh
says
: PLA Accounts!!
Sir i have posted a query relating to PLA Accounts, its not resolved till now its urgent, it will be gr8 if u can help me. Thank you, Rajesh
- Duty paid thru PLA
- Tax- Audit u/s 44AB
- journal entry
- Due Date of Excise and Form of Excise
- Calculation MODVAT
- Regarding CST
- Indian format of number in excel
- CST Rate - 2%
- ESI COVERAGE
- TDS u/S 194c
- Cash Payment Exeeceding 20000
- Service Tax on Carriage Outward
- whether TDS should be deducted on the amt. including ST
- TDS Calculation
- RG 23D Register
Click here to see all answered queries
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