if a cell phone company billed cellphone to its distributer Rs 1200/- plus VAT per unit and thereafter give subsidy of rs 500/- per unit and distributers sold the unit amounted to Rs 725/-

plz suggest accounting treatment of Subsidy of Rs 500/- in the books of Distributer.

Dear all,

We are in Manufacturing Business, one of our creditors is supplied goods in the year 2001-02 against form-C(Inter State Purchase) But we did'nt issued the C-form for that. Even they were forgot. But after years 02-03,03-04,04-05,05-06 and 06-07 year forms also issued. Now they are asking form-C for 2001-02. Ours Assessnent 05-06 is over

Can we issue form-C in this year or not!

Pls help

Thanks & regards

CNU

Sir,

I Want to Know what will be accounting entry of VAT

Thanks

Bhaskar

Sir,

I Want to Know what will be accounting entry of VAT

Thanks

Bhaskar

For all interstate purchases we are taking VAT credit.After couple of months we reject these materials.shall we have to reverse VAT Input credit in TN VAT Act?.Can anyone throw light by quoting relevent provision or case laws in VAT act?

An assessee name is wrongly spelt in Registration certificate issued under TNVAT. How to effect correction. Is there any form available for this purpose.

Anyone please explain in simple words WITH EXAMPLE as to when Forms E1 and E2 are be used under CST Act.



Thanks

One of our client is providing AMC for Telecome Equipements. I would like to know the provisions of WCT and Service Tax pertaining to such activity. Please Note that AMC billing is being done in Advance and the amount of material that may be required to be used for the AMC is neither ascertainable nor any benchmark exists for the same.

One of our client is providing AMC for Telecome Equipements. I would like to know the provisions of WCT and Service Tax pertaining to such activity. Please Note that AMC billing is being done in Advance and the amount of material that may be required to be used for the AMC is neither ascertainable nor any benchmark exists for the same.

One of our client is providing AMC for Telecome Equipements. I would like to know the provisions of WCT and Service Tax pertaining to such activity. Please Note that AMC billing is being done in Advance and the amount of material that may be required to be used for the AMC is neither ascertainable nor any benchmark exists for the same.