What is the calculation procedure for tax ??
This query is : Open
27 August 2012
HI Experts,
I would like to know all taxes include in one scenario.
CAN ANY ONE EXPLAIN WHAT IS THE CALCULATION PROCEDURE FOR "EXCISE,VAT" etc..in one scenario?
suppose a company purchasing raw material
it include taxes like "Excese,Service,TDS,vat
how will we calculate???
what will be the accpunting entries??
and
the same scenario for SALES also explain me
THANKS IN ADVANCE
Sadasiva
I would like to know all taxes include in one scenario.
CAN ANY ONE EXPLAIN WHAT IS THE CALCULATION PROCEDURE FOR "EXCISE,VAT" etc..in one scenario?
suppose a company purchasing raw material
it include taxes like "Excese,Service,TDS,vat
how will we calculate???
what will be the accpunting entries??
and
the same scenario for SALES also explain me
THANKS IN ADVANCE
Sadasiva
28 August 2012
The question is hypothetical one.Give some examples of the transaction.
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