Dear Members
Kindly advice on
Q. Whether VAT is applicable on charges levied under Right to use agreements between group companies.
Regards
Renu
CS
SAMEER
(CHARTERED ACCOUNTANT)
(304 Points)
Replied 04 October 2007
Ajay Raj
(Accountant)
(23 Points)
Replied 01 November 2007
Ajay Jain
(Advocate)
(83 Points)
Replied 05 November 2007
Sam S Daniel
(Servuice)
(48 Points)
Replied 13 February 2009
| Originally posted by :K Renu | ||
| " |
Dear Members MBA
|
" |
TR Nagaraja
(Consultant)
(209 Points)
Replied 13 February 2009
VAT NOT APPLICABLE TO FUND RECEIVED FORM ABROAD
TR Nagaraja
(Consultant)
(209 Points)
Replied 13 February 2009
| Originally posted by :Guest | ||
| " | Sir.i want to know How the adustment of VAT on Sale & purchase is done in the ledger Accounts. | " |
JUST Credit what ever amount of tax collected from u r bill in duties and tax head -For Sales
and just debit what ever maount of tax paid on purchases bllls in duties and tax head-Differenct amount is tax or refund
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