We have taken registretion for S.Tax ,for making payment of s.tax against, transportation paid,as per our understanding we need to pay s.tax on 25%of toal freight on prevailing tax rate,and we can adjust against our paid s.taxes to telephons,as bank charges,rent,commisions etc.
Wish to know our oppinion is right or wrong,as sum people told that when we are calculating transport cost of 25%,we can't claim of refund or adjust the same against payments.
Expacting coopretion to understand properly,lows norms.
CAclubindia
