Sunshine
(Helping All)
(10575 Points)
Replied 04 June 2011
| Originally posted by : $ SANDEEP $ | ||
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MOUNIKA, PLEASE PROVE THAT 20% ON SALE MEANS 25% ON COST |
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just assume...sales be Rs. 100
then profit is 20% on sale..i.e Rs 20
Cost = Sale- profit= 100-20= 80
% profit on cost= (20/80)*100 = 25%
sekhar
(student)
(34 Points)
Replied 04 June 2011
| Originally posted by : SANISH.KS | ||
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I am Sanish from Cochin. I have a doubt regarding service tax interest. I cannot deposit service tax on due date (5th Day).If I deposit on 15th day, from which date I should pay interest? Is it 1st day of the month or after due date(5th day). And what is the interest rate of Service Tax. My service tax labour for May is Rs.150000/- How much amount should I pay if I deposit on 15.06.2011.Please reply to my query... please very urgent. My mail id : Sanish.ks @ sify.com |
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As per Sec 75 Interest is levied at 1.5% per month or part of the month
Rs.150000+2250(150000*1.5%)
Toal = 152250.00
Rohit Arora
(IPCC, b.com(h))
(190 Points)
Replied 06 June 2011
CAclubindia
