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Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2010 Hello sir this is recently joined a company in accountant
i want

1. What is sales tax ? how to paid this?

2. what is the TDS ? How to pay this / and how many times sir plz

give the information sir
From

Hyderabad
pbsubrahmanyam@gmail.com

plz sended the answers this email ID pbsubrahmanyam@gmail.com

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

10 April 2010 Sales tax is the tax which you need to charge on the sales of your product and collect from the buyer -presently this is VAT based you need to calculate the VAT on your sales and VAT on your purchase =First case is called Output VAT and vat on purchase is called input VAT the differecne of the between to is payable/receivable

TDS(Tax Deducted at source) is the Income tax deduction from the payment & expenses paid by you to other parties based on the rate specifed and it is payable 7th of the every month (for the previous month deductions)

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