accounting entries

A/c entries 827 views 2 replies

 

submit the answer it is urgent 

 

Question : what is service tax ? due date for pymt ? return forms ? how input credit taken ?

 

 

what is finalisation of accounts ? what are finalisation of accounts entries ?

 

 

what are the basic accounting entreis ?

 

 what is vat ? due date for pymt ? return forms ? how input credit taken ?

 

what is excise ? due date of payment ? due date of return ? return form no. ? what are the entries related ? how cenvat credit is taken

 

what is depreciation ?  what are the types of depreciation ? what are rate depreciation in companies and income tax 

Replies (2)

Dear milind,

Ans of our question can never be a short or one line answer.

For service tax there a whole big chapter 5 in finance Act 1994 and for the due date and payments there are rules under service tax rules.

Finalisation of accounts means closing of books of accounts for a particular year and entry considered there under are like, provision of certain expenses which are incurred for the year but i invoice has not been received, provision for the tax liabilities like Income tax, Deffered tax etc.,

To know abt VAT you have to read VAT act and for payment and due date you can read Rules.

To levibility of excise you need to read Excise ACt 1944 and rules given there under.

Cenvat Credit is available on the invoice received with service tax or Excise but subject to Cenvat Credit Rules 2002

Depreciation is available on assets used for business for the wear and tear and rates for depreciation are provided in income tax Act 1961 and companies act 1956.

dear friend

 

if  you file of above question pls mail me 

specially accounts entries and finalisation of accounts

 

regards


CCI Pro

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