Year end discount or turnover discount
This query is : Resolved
28 December 2011
dear frnd,
i have a query hope will get the response soon as per circular no.354/81/2000 year end allowed as deduction bt for this assessee has to make request for provisional assessment if he do so nd the final assessment made on higher side he is required to pay the additional bt if on other sight if f.a is on lower sight(450000) shall assessee get the refund or not???
eg: sp :500000
Less:5oooo(Year end dicount)
-------
450000
--------
hope my query will clear to all i need reply of above...as earliest
i have a query hope will get the response soon as per circular no.354/81/2000 year end allowed as deduction bt for this assessee has to make request for provisional assessment if he do so nd the final assessment made on higher side he is required to pay the additional bt if on other sight if f.a is on lower sight(450000) shall assessee get the refund or not???
eg: sp :500000
Less:5oooo(Year end dicount)
-------
450000
--------
hope my query will clear to all i need reply of above...as earliest
29 December 2011
discounts should be taken before mentioning assessable value at invoice stage, afterwards any discount offered/ allowed should not be admitted under excise.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- LC charges in relation to Asset purchased should be Capitalised ?
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
