About shedule vi
This query is : Resolved
24 May 2012
any turnover limit for shedule vi
25 May 2012
Schedule VI is applicable to ALL companies irrespective of the amount of turnover.
The relevance of turover is for the purpose of the rounding off.
If a company chooses to round off the figures, it has to follow the below criteria:
If the turnover is less than Rs. 100 crores, round off to nearest hundreds, thousands, lakhs or millions.
If turnover is exceeds Rs 100 crore, round off to nearest lakhs, millions, or crores.
The relevance of turover is for the purpose of the rounding off.
If a company chooses to round off the figures, it has to follow the below criteria:
If the turnover is less than Rs. 100 crores, round off to nearest hundreds, thousands, lakhs or millions.
If turnover is exceeds Rs 100 crore, round off to nearest lakhs, millions, or crores.
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30 May 2012
what is extra duty deposit(EDD)?and what are its rules and regulations
30 May 2012
excise duty is applicable for traders?if so why
30 May 2012
is it possible for the traders who are not entitled to pay exise duty to collect excise duty(input) from customers????
for ex:
X(manufacturer) sold goods to Y for 100+12.3(excise duty)=112.3 (say)
again Y(not a manufacturer) sold goods to customers for 100+30(profit)+12.3(excise duty)which was collected previously by X ???????
for ex:
X(manufacturer) sold goods to Y for 100+12.3(excise duty)=112.3 (say)
again Y(not a manufacturer) sold goods to customers for 100+30(profit)+12.3(excise duty)which was collected previously by X ???????
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