What will be the effect upon taxes like VAT, CST or Excise Duty if we issue a debit note or receive credit note with tax.

Should we take it as in purchase, we deduct vat on purchase from vat on sale?

Please reply

BK Dubey

Dear Experts,

A Pvt ltd company has not filed its return for FY 11-12, FY 12-13. Now it wanted to file both the Returns. Audit has been done for FY 11-12, but not for FY 12-13. Can it be filed now? What are the penalties in both cases?

Dear Sir/Madam
Please calculate the CST & VAT Liability of 4th QTR.
SALE
2% (CST) 17106 ,
5% (CST) 10926
5% (vat) 104211
5% (vat Wct) 39043

VAT refundable 3rd QTR 24803

Purchase
12.5% (vat) 3339
5% (vat) 87018
12.5% (vat Wct) 1881
5% (vat Wct) 7027

SAME CHALLAN I FILL BOTH LIABILITY YES OR NOT PLEASE CLEAR

Dear personnel, Can a loss of house property be first set off from long term gain or there is any priority to set off the loss from any other head?
For ex- loss from house property 200000
long term capital gain 300000
salary 400000.
Is there any priorty among salary of long term capital gain?

Dear sir,

I fill the ITR but government send us demand us 143(1)


Please guide to me this demand pay to government ,how we can pay to this demand in which type payment.
Kindly reply to soon as possible.

Hello,

Currently we have provisional SVB order and we are paying 1% EDD. Now we are appearing shortly for the PH for Final SVB order.

Now in our supplier's organization top management is changed and they are changing name of their organization very soon.

Now in this case I hope SVB amendment is required.

So is it good to finalize the SVB order with current supplier name?
Can we amend same SVB order with new supplier name?
OR
Again we have to do complete SVB process with new supplier name?

Please guide.

Thanks a lot in advance.

Dear Experts, I am mentioning my query as under:
I have a client who had entered into sale agreement on 15.05.2013 for purchase of flat summing amount 1 crore BUT he paid the amount on 15.08.2013(ie; after 01.06.2013). Is TDS deductible under Section 194IA?

I have read several articles on this but i could not get the base behind them. Would you please give complete explanation so that I could advise my client for the same?

Thanks in advance!

Dear Experts ,
We are running a partnership firm(construction & consultancy services) we charged to our client service tax 4.944% on work done value but we consider the labour charges 30%, material value 70% in vat returnsso please clear me how did i calculate my service tax liabilty as per rules.if any computation sheet avilable plz mal me acc.sandeep2012@gmail.com

t

Sir,
Income tax paid by some one else
pl suggest me
how would be the entry & under which group?
i need both entries
Payment & journal.

Thanks

There is a property valued Rs. 1 Crore was purchase for which, Agreement was made on 15 July 2013. Against this, some paymnet was made before the date of agreement i.e. in January 2013.
Now Payment was made to party without deducting TDS. Whether there is a Liability under sec. 194 IA for deducting TDS