Transaction with foreign Company
This query is : Resolved
Mayank Kumar Agarwal
(Querist)
05 November 2009
Dear Mr. Warrier
I has received two views of my quary
As u said that 1,00,000 divided by 110.3 & multiplied by 10.3 will be the ST Amount
whereas Mr. ravi told me that 10.3% on 1,00,000 will be the ST Amount
Is there two views on this simple question
Please give me some direction as i m on the audit of a multinational company
I has received two views of my quary
As u said that 1,00,000 divided by 110.3 & multiplied by 10.3 will be the ST Amount
whereas Mr. ravi told me that 10.3% on 1,00,000 will be the ST Amount
Is there two views on this simple question
Please give me some direction as i m on the audit of a multinational company
CA Balram Sharma
(Expert)
05 November 2009
IF THE AMOUNT CHARGE INCLUSIVE OF ST THEN WE TAKE FIRST METHOD,
IF ONLY AV IS GIVE (IN WHICH NO ST INCLUDED) THAN SECOND WILL APPLY
IF ONLY AV IS GIVE (IN WHICH NO ST INCLUDED) THAN SECOND WILL APPLY
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