Dear Sir,
As per one of our expert suggestion vat will not be charged on freight & tpt chgs in maharashtra. But one of our well wisher gave us detail of vat rule under which vat will be charged on freight & tpt chgs. here is that rule. Pls cross the same & give me proper guideline, I am confused now.
Rule : (25) ?sale price? means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the seller in respect of the goods at the time of or before delivery thereof, other than the cost of insurance for transit or of installation, when such cost is separately charged.
Explanation I.? The amount of duties levied or leviable on goods under the Central Excise Act, 1944 (1 of 1944) or the Customs Act, 1962 (52 of 1962) or the Bombay Prohibition Act, 1949 (Bom. 25 of 1949), shall be deemed to be part of the sale price of such goods, whether such duties are paid or payable by or on behalf of, the seller or the purchaser or any other person.
Explanation II.? Sale price shall not include tax paid or payable to a 16[seller


Tnks.
Reshma

we got a bill Rs.5000 for medical expenses of employee. out of Rs. 4000 is we have to debit in the acount of our labour suplier (contractor0 and rest Amount 1000 for our employee expenses.wht will be the entry with TDS Amount?

Medical expenses....Dr.1000
Contractor.....Dr. 4000
To Creditor (Hospital)4900
To TDS on Profesional 100
Is this is right posting help me out

we are manufacturer and excise register. we are going to import used machine from foreign for manufacturing exciseable goods after paid full custom duty. Should we inform to central excise department about import of used machine?
please advise me above issue?

Dear All,

Can anyone explain me the meaning of Hedge in the simple language followed by a simple example.

Also please do let me know who can do the hedging & what exact benefit will the person will get?

Please reply me quick
Thanks your your help

A Pvt Ltd Co. purchases goods from a party of Rs. 200000 for which no bill has been raised and also the payment has been made through cheque but is made in the name of the company's owner wife since the party has refused to accept the amt in its own account. Now the question arises what should be its treatment in the books of account????
Please help.....

can anybody send me types of stock transfer entries..

which entry will be effect on when stock transfer. two example : 1) if when we stock verify we find 9000 QTY but in our books shown of 10000 QTY. what will effect?
2) stock verification on 28.03.10 8000 qty and 31.3.11 8500 qty. what effect will be entry.. plz help.

I want work with CA firm for my career, but i dont know which type questions ask in interview i have four yrs experience in a/cs upto finalise. plz help me

When I open the multi currency ledger Cash a/c and press f12-show only forex !
The forex amount, doesnt match with the primary amount.

For example...My primary currency should be 100rupees, for 1usd (secondary currency).

SO its showing 5000rupees for 1usd ... when i press f12 and click show forex only...the usd is ok, but the rupees is too high !

Its not going as per the prevailing exchange rate...

did you guys get me ? or should i show you some screenshots ?

guys plz help me out !

How to Bifurcate the closing balance of Sundry Debtors in "Within Six months" and Over six months".

Please help Sir...I have to Finalise the Balance Sheet of A Company.

sir i have purchase a bike.it was financed by hdfc bank but problem is that bike has been purchase in 2009 and financed in 2010 then what entry will be made payment of bike loan installment