Year end discount or turnover discount
This query is : Resolved
Bhumika bharwani
(Querist)
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
U S Sharma
(Expert)
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
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- Capital gain on commercial property and investment in residential property
- RCM and same line
- Rectification under processing even after 6 months cpc portal
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
