Can anyone please explain me what actually adjusted purchases mean. And why closing stock is shown in trail balance when there are adjusted purchases. thank you.

X is selling goods to Y its a LOCAL SALE... Please check the following cases
....X has TIN Number and Y has TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X has TIN Number and but Y does not have TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y has TIN Number....
........what TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y does not have TIN Number....
........What TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

service charge charge from customer is coming under which head?

in balance sheet closing stock of the year at cost or NRV whichever is lower is shown. then what about the the stock of previous years which is still remaining in godown??? where we will show such stock??

Dear Friends,

I don't know whether this is the correct forum for asking this query. My query is regarding transfer of Liabilities from one group company to another group company.

'X' is a group of companies consisting Company "A" (India), Company "B" (Africa), Company "C" (Singapore).

Company "A" in India is exporting raw material to Company "B" in Africa and export invoices are being raised from Company "A". In Company "B"'s books outstanding liabilities is on the name of Company "A" and payments are also made to Company "A" through Bank Transfer.

Now Company "A" wants "B" to transfer all its liability on the name of Company "C" in Singapore and make payments to them. All the invoices which "B" has received till date are from Exporter company "A".

What is the procedure of doing this liability transfer from "A" to "C" in "B"'s books? What will be the legal procedure to follow or just a letter or instructions from "A" would work.

Also, at the time of bank transfer bank requires copy of the invoice as proof and all the invoices are of Supplier Company "A"'s name. If we transfer money to "C" on behalf of "A", still bank needs an invoice from "C".

Kindly help me in this regard. An early response shall be highly appreciated.

Thanks in advance.

Ajay Singh

Hai I have one doubt in india private company how many years once change the auditor?

whether tax is levied on marriages

Dear Experts,
Kindly brief, when I book Interest on Late payment of Service Tax if before 31st march I did not Deposit Service Tax, I depositing service tax on 05/06/2014,.

1)on 31St march or
2) when depositing Service Tax

We Are Paying the Cash to Civil work contractor for work done by him by Labor Amount is Rs.100000/- we will pay the cash to contractor then contractor pay to labour, we will receive the bill from contractor tds deducted 1% on Rs.100000/- It Is Accepted in Single Voucher or Not

dear sir we have design work and supply some visiting card to out of India so I want know this will we charge any tax on this invoic