A) In case discount is offered to the cutsomer in Invoice the VAT is to be calculated on the net amount.

e.g Item Cost 100,000
less: Disc 5,000
Net sale 95,000
VAT 4% 3,800
Gross sale 98,800

B) Similarly in case discount is offered through a credit note at a later stage (say on account of turnover discount etc) is vat to be calculated on the same?

e.g. In Invoice
Item Cost 100,000
VAT 4% 4,000
Gross sale 104,000

Credit Note

Discount allowed Item cost 5,000
VAT 4% 200
Total 5,200

Or the discount allowed will only be 5,000 and total VAT of 4,000 will have to be deposited to the govt? In this case the customer is at loss.

what is the qualification required for getting the degree know as commissioner of income tax, assitant commissioner of income tax or any higher post.please help me with the process step by step & if any notice available please forward it to me.

I will be grateful to the all experts.

my emaid id vyas_pratikca@yahoo.com

to email the notes of the abovementioned course.

I have exemption i.e. 63 marks in one subject in IInd Group of CA final now in subsequent attempt how much score i must have to do.

hi....in my nov 2009 paper in 20 marks sum,amount received from lecture is taken as income from salary by me,by giving a note that he is in part time employment with uni...is my treatment correct?

Respected Sir/Madam,

I Want to Know the Coaching Classes Time Venue and Fees Details at the earliest for My CA PCC Courses. You can Mail the Details to my mail id sachu_mirajkar_1988@yahoo.com

Thanks and Regards

Sachin Mirajkar,
Hubli

Please give me information about eligibility and fee structure for Actuaries Course in India.

Hi friends,
I am CA final student and planing to do cpa in near future but i have some queries
1. Is oral coaching is compulsary or i can study with home study kit?
2. Which books to refer?

i have cleared pcc in sepember 2009 n my articleship end in april 2011. am i eligible to give final exams in nov 2010 i.e within last six months of my training

any information about the reduction in articleshippppppppp.............

maina 2 year se B.com ke exam de raha hun..... or is baar bhi dunga mee......

kya mujhe form 112 fill kar jaruri hai

yaa baad koi dikkat to nahi

plz help meeeee