Dear All,

ours pvt ltd co, we are not registered under professional tax, but we are deducting the professional tax for our employees for past 4 Months,
so pls clarify me we hav to deduct or what to do

Regards,
Mrityunjay

SIR, CAN U GIVE ME NUMRECAL QUESTION OF ALL CHAPTER OF ACCOUNTS OF GORUP-1 & 2

What is the Percentage to be considered for calculating Gratuity
1. For Central Government employees
2. For Employees covered under Gratuity Act
3. For Employees not covered on any of these 2 catogeries.
With Regards,
Rajesh.
Sir sriramulu CA sir also waiting for VAT query reply from u...i have edited that question now.

Dear Expert,
If we have paid VAT in excess of the statutory requirement can we claim refund (Assume there is no sales return) In some cases for eg. the input maybe charged at 12.5% but if the output is just charged @ 1% in such a case can we claim refund? If refund is allowed will there be a cheque issue in our name?
With regards,
Regards.

Dear Expert,
1. If there is sales returns can we claim refund or just VAT adjustment alone is allowed. Upto what period the sales returns can he considered for refund or VAT adjustment?
2. Suppose if input is charged at 12.5% and the output is charged at 4% and the input tax paid is more than output tax say 10000 is input tax and 9000 is the output tax can we claim refund in this case? Pls. quote the sections also.
Thank you,
With regards,
Rajesh.
With Regards,
Rajesh

In case of Capital goods is there any condition to be satisfied for claiming VAT credit as in the case of CENVAT
If we have to claim CENVAT credit for capital goods the following conditions has to be fulfilled
(1) Assesse should not claim depreciation
(2) Capital goods should be received in
the factory gate.
(3)Such Capital goods should not be transfered during the year.

If all the above conditions are satisfied then 50% of the cenvat credit can be claimed in the year of purchase, the balance 50% in the coming year.

Like this for VAT is also there?

What are the returns (monthly, quarterly, half-yearly and yearly)to be filed by the companies and its due dates for the purpose of VAT.
Regards,
Rajesh

EXPERTS FORUM THIS QUERY IS PENDING FROM 13TH JUNE. REQUEST THE EXPERTS TO ANSWER THESE QUERIES

With regards,
Rajesh

Dear Experts,
What are the different rates at which VAT is charged.
(i.e. 1%, 2%, 4%,8% and 12.5%) Is there any other rate as per VAT Act?
Yours Cordially,
Rajesh

Can you guide a simple way of preparing Bank Reconcialiaton statememt with imaginary figures for the month of april. Based on that, balance 11 months will be prepared by me. kindly guide.

plz tell me the basic check list for maintain the a private limited company accounts?