Dear Friends
my Q. is a feed com. purchase maize and in this goods he is paid 2500/- mandi tax . so in which head com entered this tax amount. this is puchase cost or company exp, or legal exp.
1 Replies
vijay
(Accountant)
(28 Points)
Replied 22 September 2012
Hi Sawan, Mandi Tax is charged once in whole supply chain. So When a dealer purchase feed from Farmers then that time he would liable to pay this as a tax to mandi authority, Otherwise it would be entertain as purchase cost and would be added in purchase
Recent Topics
- HSN Summary B2B and B2C
- DRC-01 Demand Notice for filing GSTR-9 Wrongly
- Income Tax for freelancing services
- Income Tax Return Filing Reg
- DRC 03 payment method
- GST Registration for Service Providers
- Tax for individual freelancing service providers
- LUT Number confusion! ARN or Reference Number
- Section 44ADA Query - 75 Lakh Limit Clarification
- GST on Rent RCM
Related Threads
CAclubindia
