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Search results “Reference for vat payments” for the 2014
How to view and Download  Challan Status Inquiry file | Hindi
 
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Say a company deducts TDS on salary ...it does it and pays though a challan , right ...is there a way to check this challan details online ...yes there is ...one can easily use the TIN NSDL portal and make use of the Challn status inquiry tab and download the challan for a certain period ...there are 2 ways to do it , either by challan identification number or TAN based method ....we show the Tan based method in this tutorial...we will shortly show the CIN(Chllan identification number ) method
Views: 110959 Make Knowledge Free
How to Submit your VAT Return Online
 
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How to Submit your VAT Return Online - Virtually all VAT-registered businesses must submit their VAT Returns online and pay any VAT due electronically. This guide explains how to do this. You (or your accountant, bookkeeper, or other agent) can opt to use either the free HM Revenue & Customs (HMRC) VAT Online service or commercial software. Submitting your return online is quick, convenient, reliable and secure. http://youtu.be/iTBwKdyI5Ww Once you have submitted your VAT Return to HMRC you will get an on-screen unique submission receipt reference number. It's a good idea to save or print a copy of this on-screen confirmation, as you will only receive an email confirmation of this receipt if you've registered your email address at the signing up stage for VAT online services or at a later date for VAT messages (this is a separate process to setting up an email address to receive the email VAT Return reminder). A copy of every VAT Return you submit online will be automatically saved on your VAT Online services account for a period of 15 months after submission. You can view your submitted returns from the left hand menu on the 'At a Glance' page by selecting the 'View submitted returns' link. You can also print off a copy of the submitted return and keep it with your other business records. Learn More on: https://www.youtube.com/playlist?list=PLD-fVNHkAoWERcT2SdgifXHu26oSrTFrg
Views: 1681 callie timothy
How to make online payment for Karnataka vat
 
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This video clip will describe how to make online payment for karnataka vat through website Just go through the video vat.kar.nic.in www.vat.kar.nic.in tags verify, payment, challan #gaddam subramanyam
Views: 19520 Subramanyam Gaddam
2014 TAX3701 Question 1
 
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This video assists students with the completion of Question 1 of Tutorial letter 201/2014. The VAT payable/refundable calculation is calculated. Indemnity payments, financial services, equity contributions and the apportionment of input VAT are a few of the items that are discussed in the question.
Views: 10809 Unisa Taxation
16 (Indirect taxes) How is Input Credit availed (Hindi)
 
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9 (Indirect taxes) How is Input Credit availed (Hindi) Video Link - https://www.youtube.com/watch?v=RqoXwd7ZvVU Solution : By Amlan Dutta There are a few times when english can sound confusing .There can't be e better example than this topic .But Anyway's , lets face the monster right away , It's a very simple concept and deals with taking credit of taxes paid towards input material cost . When credit is taken for the taxes paid against excise and service , the same is called CENVAT credit The credit when taken for input taxes paid against VAT is called as VAT credit Let's look at a simple example to clear the subject , Say , i buy wood from jalandhar manufacturer @ 100 Rs and have to pay excise @ 12.36 %(Including cess ) , VAT @ 5 %i.e 5 Rs ..etc then what i get is credits ...i.e i now have a credit of taxes paidi.e 12.36 Rswhich i can later use to set of against taxes collected from the sale of final product ... (1) CENVAT credit For example , of the purchased input (bat) @ 100 Rs , made Cricket bat out of it and increased value to 200 Rs ....now when i sell it , i need to deposit with the govt tax on the final value of goods sold ... So , on the final product i.e wooden bat , i am now expected by the revenue to collect 12.36 % of 200 Rsi.e 25.72 Rs and deposit it with the government .. But since i have credits avaible with me (i.e i have already paid 12.36 Rs ) i just need to pay further balance (25.72-12.36 Rs ) =12.36 Rs to the revenue .This process is called setting of the credit (CENVAT )available .. The buyer who pays 25.72 to me , in case he further uses the sold good as input and makes something of it and sells it at 1000 Rs , then he can also claim CENVAT credit How ? well he paid excise to us 25.72 Rs ,so he has credits to the tune of 25.72 Rs ...now when he sells the final goods at 1000 Rs , he wil have to collect 12.36 % excise i.e 123.6 Rs and deposit tro revenue .. But now since he has credits available with him for 25.72 Rs paid , he will have to pay only the balance (i.e 123.6 - 25.72)= 97 Rs (Approx)... The process keeps continuing every time the seller passes on the credit and the buyer uses it to manufacture something and then sell it after value addition (Note a few important things that CENVAT is with reference to only excise and service tax ( and not CST/VAT ) Note again (1) if the Cenvat credit cannot be realised in the present year , one can file return and claim refund (2)Cenvat credit taken need not be set of in one to one basis i.e what this means is that i can set of credit (taxes paid on total input ) against collection of taxes against sale of final product(sum total) (3) Typically , purchaser always shall insist for CENVAT credit from buyer which means that if there are further stages of production for the buyer itself , then he can claim credit himself against the taxed paid later against taxes collected against sale of the processed good (2) VAT credit Now , we have paid for the input wood 5 rs VAT Now , when do value addition and sell the bat for 200 Rs within the state , we are supposed to collect 5 % VAT on this total sale value and deposit that to the revenue But here , since i have already paid 5 Rs towards the input , i can take credit of that and of the 10 Rs collected after sale of the final good , i can deposit only 5 Rs of that with the revenue since 5 rs has already been deposited earlier This is called VAT credit and is against sales of the Good Note that Sales tax credit is not available in terms of interstate sales i.e( CST ) Hope This helps , Amlan Dutta
Views: 2776 Make Knowledge Free
Math Help | How to Calculate Sales Tax and Total Cost
 
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If you have any other questions about calculating sales tax and total cost, get expert online tutoring service from Acadsoc online education society. Now here are many different online tutoring service plans for your reference. Try one hour for free now: http://www.acadsoc.com/Package/One-to-one_Online_Tutoring.aspx?_PP=11 Well, we all have to pay sales tax. But how do you calculate sales tax? Actually calculating sales tax is a matter of percent. First, turn percentage into a decimal—this plays a significant role in helping you figure out how much tax you are actually gonna pay. Then multiply the original cost by the decimal and you will get the amount of the sales tax. The examples below will help you understand better.
Views: 38534 Acadsoc
Tolley's VAT Cases 2014
 
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BOOK REVIEW TOLLEY'S VAT CASES 2014 A COMPREHENSIVE DIGEST OF REPORTED VALUE ADDED TAX DECISIONS RELEVANT TO CURRENT LEGISLATION FROM 1973 TO 1 JANUARY 2014 29th Edition By Alan Dolton, Rhianon Davies and David Rudling ISBN: 978 0 7545 4954 3 TOLLEY/ LEXISNEXIS www.lexisnexis.co.uk CONCISE SUMMARIES CROSS REFERENCED TO STATUTE LAW FROM OVER 4,000 COURT & TRIBUNAL AUTHORITIES SINCE 1973 An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers Now in its 29th edition from LexisNexis, this book is highly regarded as a comprehensive and reliable reference to VAT case law. It has been described as 'the bible of the UK VAT industry' by 'The Times' and one cannot help but agree. It's also worth mentioning the comment attributed to 'VAT Intelligence', to wit: 'Even those practitioners who subscribe to VAT tribunal decisions will find the indexing system in this book far easier to use than the (official) index to the VAT tribunal decisions.' You have been advised -- and wisely too. As the sub-title clearly indicates, this is a digest of VAT decisions dating from 1973 (when VAT was first introduced in the UK) to the present day, specifically 1st January 2014, plus postscripts pertaining to later decisions which have been added where possible and relevant. This latest edition contains 4,000 VAT cases, including all public court and tribunal decisions relevant to current VAT legislation. As you are no doubt aware, this edition is the companion volume to the 'Tolley's Tax Cases,' -- also published annually -- and similarly containing important new material, including summaries of all significant 2013 court and tribunal decisions relevant to current VAT legislation. In addition, the introductory survey discusses the leading decisions reached in 2013. The two volumes from 'Tolleys' are similarly structured as well, and -- for practitioners under pressure -- easy to navigate. Both volumes feature numbered paragraphs and provide the reader with three ways of obtaining the information required: the detailed contents list at the beginning (as well as the contents lists which head the longer chapters)... the extensive table of statutes... and the extensive general subject index at the back. Even a cursory glance at the contents list indicates the enormous scope of the book. Over 2.000 pages and 69 chapters, it deals with every conceivable matter relating to VAT. The categories, which are listed alphabetically, are too numerous and varied to enumerate here, but they do include agents, appeals, assessment, bad debts, and buildings and land, right through to transport, valuation and zero-rating. Researchers delving further into the further implications of VAT will also appreciate the extensive tables of cases, statutes, statutory instruments and European Community directives. There is also a list of abbreviations and references and, for those befuddled by arcane terms, a glossary of Latin and Old French phrases. Tax specialists --as well as anyone involved with VAT -- will find that purchasing this book (and ideally its companion 'Tolley's Tax Cases') will make everyday professional life a whole lot easier.
Views: 152 Phillip Taylor
Use a One-Variable Data Table to calculate in the cell range Â2:Â25 the VAT of the values...
 
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Use a One-Variable Data Table to calculate in the cell range Â2:Â25 the VAT of the values appearing in the cell range Á2:Á25. The formula is provided in cell Å3 and VAT percentage is displayed in cell Å1.Want more? Then download our TEST4U demo from https://www.test4u.eu/en/demo TEST4U provides an innovative approach to learning. Ignore the boring e-courses and use a new, interactive tool like 700 000 satisfied users did. TEST4U is an automated test which cooperates with the actual applications and can be used to prepare the students for certification exams (e.g. Microsoft-Certiport, ECDL/ICDL, DIPLOMA etc.) and train and assess employees. More on https://www.test4u.eu/en/demo
Views: 861 test4u.eu
Income Tax Online Rectification Request u/s 154
 
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Stepwise guide for filing online rectification request for mismatch in TDS with Form 26AS. raed more at: http://abcaus.in/tdsmismatch26as/section154/stepwise-online-rectification-request.html
Views: 65542 Ashutosh Lohani
Absolute References within formulas: Excel 2013 / 2010 / 2007 / 2003
 
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Learn how to use an Absolute Reference within a formula to calculate the amount of VAT.
free online invoice
 
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mrbiller.com - Being a free user you can use all the features of Mr.Biller except saving your invoices for future references, thereby cannot keep track of the payments.
Views: 80 Mrjohn Biller
How to Enter a Journal Entry on Sage
 
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Entering journals on sage instant and sage 50 accounts Need help with Sage or other accounting software? Drop us an email at [email protected] Take our Online Sage training course http://www.bpfs-online.com/p/online-sage-training-course.html Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac Sage Accounts Bookkeeping Tutorial/Training Learn more at www.bpfs-online.com
Views: 49529 BookkeepingMaster
18 (Indirect taxes) How is CENVAT credit different than VAT credit  Hindi
 
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18 (Indirect taxes) How is CENVAT credit different than VAT credit (Hindi) Video Link - https://www.youtube.com/watch?v=9CuZjMDI0Y0 Case AQ 54 - What is the difference between CENVAT and VAT credit ? Video Link - Solution : By Amlan Dutta There are a few times when english can sound confusing .There can't be e better example than this topic .But Anyway's , lets face the monster right away , It's a very simple concept and deals with taking credit of taxes paid towards input material cost . When credit is taken for the taxes paid against excise and service , the same is called CENVAT credit The credit when taken for input taxes paid against VAT is called as VAT credit Let's look at a simple example to clear the subject , Say , i buy wood from jalandhar manufacturer @ 100 Rs and have to pay excise @ 12.36 %(Including cess ) , VAT @ 5 %i.e 5 Rs ..etc then what i get is credits ...i.e i now have a credit of taxes paidi.e 12.36 Rswhich i can later use to set of against taxes collected from the sale of final product ... (1) CENVAT credit For example , of the purchased input (bat) @ 100 Rs , made Cricket bat out of it and increased value to 200 Rs ....now when i sell it , i need to deposit with the govt tax on the final value of goods sold ... So , on the final product i.e wooden bat , i am now expected by the revenue to collect 12.36 % of 200 Rsi.e 25.72 Rs and deposit it with the government .. But since i have credits avaible with me (i.e i have already paid 12.36 Rs ) i just need to pay further balance (25.72-12.36 Rs ) =12.36 Rs to the revenue .This process is called setting of the credit (CENVAT )available .. The buyer who pays 25.72 to me , in case he further uses the sold good as input and makes something of it and sells it at 1000 Rs , then he can also claim CENVAT credit How ? well he paid excise to us 25.72 Rs ,so he has credits to the tune of 25.72 Rs ...now when he sells the final goods at 1000 Rs , he wil have to collect 12.36 % excise i.e 123.6 Rs and deposit tro revenue .. But now since he has credits available with him for 25.72 Rs paid , he will have to pay only the balance (i.e 123.6 - 25.72)= 97 Rs (Approx)... The process keeps continuing every time the seller passes on the credit and the buyer uses it to manufacture something and then sell it after value addition (Note a few important things that CENVAT is with reference to only excise and service tax ( and not CST/VAT ) Note again (1) if the Cenvat credit cannot be realised in the present year , one can file return and claim refund (2)Cenvat credit taken need not be set of in one to one basis i.e what this means is that i can set of credit (taxes paid on total input ) against collection of taxes against sale of final product(sum total) (3) Typically , purchaser always shall insist for CENVAT credit from buyer which means that if there are further stages of production for the buyer itself , then he can claim credit himself against the taxed paid later against taxes collected against sale of the processed good (2) VAT credit Now , we have paid for the input wood 5 rs VAT Now , when do value addition and sell the bat for 200 Rs within the state , we are supposed to collect 5 % VAT on this total sale value and deposit that to the revenue But here , since i have already paid 5 Rs towards the input , i can take credit of that and of the 10 Rs collected after sale of the final good , i can deposit only 5 Rs of that with the revenue since 5 rs has already been deposited earlier This is called VAT credit and is against sales of the Good Note that Sales tax credit is not available in terms of interstate sales i.e( CST ) Hope This helps , Amlan Dutta
Views: 1329 Make Knowledge Free
Interest Calculation(Customers)
 
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Creation of Interest ID, Interest Rates, Assign to Customers Accounts, Posting of Interest...
Views: 7806 MSN Durga Prasad
Karnataka vat online payment
 
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#tallyvideotutorials This video will describe how to make online payment through your bank a/c tags verify payment, print payment , challan #tallyvideotutorial #tallyerp9 #subramani
Views: 1549 tally video tutorial
Matching transactions (reconciling) using Excel Pivot Tables | ExcelTutorials
 
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Matching transactions (reconciling) using Excel Pivot Tables | ExcelTutorials Learn how to reconcile (or match) transactions using Excel Pivot Tables. Example workbook and more here: http://chandoo.org/wp/2014/06/10/matching-transactions-pivot-tables/ Do Subscribe, Like & Share my video if you like!! Click The Below Link To SUBSCRIBE: https://www.youtube.com/channel/UC8uU_wruBMHeeRma49dtZKA
Views: 137047 Learn Excel from Chandoo
ONLINE TREASURY CHALLAN IN AP
 
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HOW TO GENERATE ONLINE CHALLAN
Views: 70002 Trinath Maddipati
VAT for CA-IPCC by CA ARPIT GUPTA (Complete Lecture)
 
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Subscribe the channel for future updates Drop your queries and response in comment box below For details about face to face class and video class visit us at arpitguptaclasses.com or call us at 8604664820
Views: 11071 CA Arpit Gupta
Xero video Multiple Payments Receipted into the Bank Account as a lump sum
 
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Connect with Heather Smith http://www.heathersmithsmallbusiness.com/ Free Xero Video : Multiple Payments Receipted into the Bank Account as a Lump Sum This video covers how to deal with multiple payments received as a single amount in the bank account. What you may find is you have a lump sum deposited into the bank account -- in this example, $1000, and it actually represents payments against several invoices. In this case, three invoices made up of $200 + $300 + $500. You've received a single $1000 sum in the bank account and you're wondering, "How do I allocate it across Xero because these are three individual amounts?" What you need to do is you need to jot down the total payments and the breakdown of payments like I did on the other screen. Understand the $1000 = $200 + $300 + $500 and know what clients they represent. Locate the lump sum, select "Find and Match", select the matching transaction, and then select the "Reconcile" button. We're just going to go through and do that. So here I am, looking at my bank account, ready to be reconciled and I have here multiple payments received - 1000 dollars. I found the lump sum has been received into my bank account and I now need to match this against the sales invoices. You'll notice over here; it's all clear. What I'm going to do is I'm going click "Find and Match". Click on "Find and Match", now I can pull that screen up a bit further and you'll see here I actually have the customers and $300, $500, and $200. Those were the amounts, if I click on those, those three amounts made up the lump sum and I can come up here now and I can click the "Okay" button or I can scroll further down the screen and click on the "Reconcile" button further down the screen. Now, that is quite an easy scenario. What we could also have done, I'm just going to unselect them here. What we could have done is come over here on the right-hand side and we could have searched for an amount so I'm going to type in $500 and select "Go" and again that's come up with my $500. I knew that was coming up. Or I could come up here and search by name. I'll type in "Customer" and actually came up with a "Customer". If you can't easily locate it in this list of transactions, type in the reference on the other side and what we have here is we have one lump sum matched against multiple open invoices and I'm going to click the "Okay" button on that and I have reconciled that. That was reconciling multiple payments received as a single amount in a bank account. Free Xero Video : Multiple Payments Receipted into the Bank Account as a Lump Sum
Views: 2212 Heather Smith
Casio SE-G1 How to take a payment on account (  RA ) Button for non sales entry
 
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http://www.cashregistergroup.com/acatalog/Casio-SE-G1-cash-register.html
Views: 3105 CRG cashregistergroup
Tuesday Training Lease Options in Property - The Ultimate Finer Point Training
 
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Tuesday Training Lease Options in Property - The Ultimate Finer Point Training Proudly Presented by Phil Martin and Mike Royce of Millionaires Together http://www.millionairestogether.co.uk/lease-options.html Lease Options have been widely talked about in investing circles for many years now but there are lots of myths surrounding them. In this article I hope to clarify matters and help to fill in any knowledge gaps for you. Background Definitions: A lease option (long term rent or management with an option to purchase/ right to buy) is different from freehold/ leasehold (One party owns land, one owns part of building and pays ground rent to freeholder and service charge for cleaning etc to a management company). A lease option is a 2 part contract, the first part (lease) allows you to benefit from rental profit or management profit for the duration of the agreement whilst the second part (option) grants you a legal and equitable interest in the property, being the right to buy. Lease Options can be used effectively to help people secure a long term solution for a burdensome property or a hassle free income stream whilst being an effective tool for investors to build a property portfolio from a small starting position and achieving greater leverage than with conventional Buy To Let Financing. Lease options are often assignable and can be used to help people get on the housing ladder or to relocate. What Type of Transaction is Best? As an overview, the type of agreement you reach with your seller will either be 1) Mortgage Transfer. This means contractually assuming responsibility for the vendor's mortgage payments aka buying subject to underlying finance. These will require Power of Attorney taken as security for the contract (irrevocable under uk law) and a letter of authority to speak with and make payments to the underlying mortgage lender. These agreements tend to run for the remaining term of mortgage, eg 15 or 18 years ideally with no break clause on either side. or 2) Contract Purchase (acquiring an equitable interest in property by contract, seller responsible for maintaining their own finance without recourse to the buyer) These agreements tend to run for 6 or 8 years, although the longer the better from the point of view of your option. Reaching Agreement with Your Seller: You will have your own strategy and criteria and this will be reflected in the deal negotiations. A Heads of Terms (initial draft agreement) would contain 4 primary and 4 secondary negotiation points. The primary points (1-4) are the most important and form the basis of most negotiations, the secondary points (5-8) are less important but should be addressed early in the transaction to avoid disputes later on. Each point can be flexible to work for each party but a concession on 1 point should result in a concession to the other party on another point. 1) Upfront option fee/ deposit (usually £1, can be 50k dependant on deal) 2) Duration of agreement (minimum viable generally 6 years, remaining term of mortgage is better) 3) Monthly license/ mortgage payments (including maintenance terms etc) 4) Eventual purchase price (can be fixed, variable depending on year of purchase or fixed % discount from rics) 5) Who pays for insurance (any underlying lender should be named as beneficiary) 6) Who pays the legal fees for the transaction. These costs are similar to a traditional conveyance and usually around £600 + vat + disbursements for each side. 7) Who pays for minor remedial works and maintenance (carpets, decoration etc) 8) Who pays for major remedial works (boiler replacement, roof works, external wall insulation, capital improvements etc) I hope this article has been of help to you and will continue to be a useful reference, to discuss this article or ask questions please comment on http://philmartinproperty.blogspot.co.uk/2014/07/all-you-need-to-know-about-lease.html Kind Regards, Phil Martin www.philmartin.co.uk www.millionairestogether.co.uk mt007bff
Views: 4046 Phil Martin
how to fillup 2550m ebirform
 
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A video on how to fill up 2550m ebirform visit us at http://www.philippinecpa.com/
Views: 23809 philippinecpa
10 (Indirect taxes) What is Cenvat Credit (Hindi)
 
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7 (Indirect taxes) What is Cenvat Credit (Hindi) Video Link - https://www.youtube.com/watch?v=vFwSQIJ7tHM Solution - By Amlan Dutta Case AQ 54 - What does CENVAT credit mean ? Solution : There are a few times when english can sound confusing .There can't be e better example than this topic .But Anyway's , lets face the monster right away , It's a very simple concept and deals with the excise and service taxes paid towards input material cost . Say , i buy iron @ 100 Rs and have to pay excise @ 12.36 %(Including cess ) , then what i get is credits ...i.e i now have a credit of taxes paidi.e 12.36 Rswhich i can later use to set of against taxes collected from the sale of final product ... For example , i purchased iron @ 100 Rs , made coils out of it and increased value to 200 Rs ....now when i sell it , i need to deposit with the govt tax on the final value of goods sold ...so i am expected to collect 12.36 % of 200 Rsi.e 25.72 Rs and deposit it with the government ..now since i have credits avaialble with me (i.e i have already paid 12.36 Rs ) i just need to pay further balance (25.72-12.36 Rs ) =12.36 Rs to the revenue . This process is called setting of the credit (CENVAT )available ....the buyer who pays 25.72 to me , in case he further uses the sold good as input and makes something of it and sells it at 1000 Rs , then he can also claim CENVAT credit How ? well he paid excise to us 25.72 Rs ,so he has credits to the tune of 25.72 Rs ...now when he sells the final goods at 1000 Rs , he wil have to collect 12.36 % excise i.e 123.6 Rs and deposit tro revenue .. But now since he has credits available with him for 25.72 Rs paid , he will have to pay only the balance (i.e 123.6 - 25.72)= 97 Rs (Approx)... The process keeps continuing every time the seller passes on the credit and the buyer uses it to manufacture something and then sell it after value addition (Note a few important things that CENVAT is with reference to only excise and service tax ( and not CST/VAT ) Note again (1) if the Cenvat credit cannot be realised in the present year , one can file return and claim refund (2)Cenvat credit taken need not be set of in one to one basis i.e what this means is that i can set of credit (taxes paid on total input ) against collection of taxes against sale of final product(sum total) (3) Typically , purchaser always shall insist for CENVAT credit from buyer which means that if there are further stages of production for the buyer itself , then he can claim credit himself against the taxed paid later against taxes collected against sale of the processed good Peace , Amlan
Views: 3631 Make Knowledge Free
Your PAYE payments to HMRC
 
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Explaining your PAYE payments and how they're made to HMRC Where to find us – Website – www.miventures.co.uk Twitter - @Myincventures Facebook – facebook.com/myincventures Pinterest – pinterest.com/miventures
Custom order taxes or fees - combinations Payment Transport - shipping | Prestashop module
 
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http://www.prestapoint.com/en/the-combination-of-transport-and-payment-fees-and-rebates-in-order-8.html Development module version ! Customer fee or discount to your order. Creating a combination of payment methods and shipping. Enabling and Disabling payment methods.
Views: 1776 Michal Novák
17 (Indirect taxes)  How is Cenvat Credit availed  (Hindi)
 
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17 (Indirect taxes) How is Cenvat Credit availed (Hindi) Case AQ 54 - How is Cenvat Credit availed ? Video Link - https://www.youtube.com/watch?v=3ZUZntGn1-g Solution : By Amlan Dutta There are a few times when english can sound confusing .There can't be e better example than this topic .But Anyway's , lets face the monster right away , It's a very simple concept and deals with taking credit of taxes paid towards input material cost . When credit is taken for the taxes paid against excise and service , the same is called CENVAT credit The credit when taken for input taxes paid against VAT is called as VAT credit Let's look at a simple example to clear the subject , Say , i buy wood from jalandhar manufacturer @ 100 Rs and have to pay excise @ 12.36 %(Including cess ) , VAT @ 5 %i.e 5 Rs ..etc then what i get is credits ...i.e i now have a credit of taxes paidi.e 12.36 Rswhich i can later use to set of against taxes collected from the sale of final product ... (1) CENVAT credit For example , of the purchased input (bat) @ 100 Rs , made Cricket bat out of it and increased value to 200 Rs ....now when i sell it , i need to deposit with the govt tax on the final value of goods sold ... So , on the final product i.e wooden bat , i am now expected by the revenue to collect 12.36 % of 200 Rsi.e 25.72 Rs and deposit it with the government .. But since i have credits avaible with me (i.e i have already paid 12.36 Rs ) i just need to pay further balance (25.72-12.36 Rs ) =12.36 Rs to the revenue .This process is called setting of the credit (CENVAT )available .. The buyer who pays 25.72 to me , in case he further uses the sold good as input and makes something of it and sells it at 1000 Rs , then he can also claim CENVAT credit How ? well he paid excise to us 25.72 Rs ,so he has credits to the tune of 25.72 Rs ...now when he sells the final goods at 1000 Rs , he wil have to collect 12.36 % excise i.e 123.6 Rs and deposit tro revenue .. But now since he has credits available with him for 25.72 Rs paid , he will have to pay only the balance (i.e 123.6 - 25.72)= 97 Rs (Approx)... The process keeps continuing every time the seller passes on the credit and the buyer uses it to manufacture something and then sell it after value addition (Note a few important things that CENVAT is with reference to only excise and service tax ( and not CST/VAT ) Note again (1) if the Cenvat credit cannot be realised in the present year , one can file return and claim refund (2)Cenvat credit taken need not be set of in one to one basis i.e what this means is that i can set of credit (taxes paid on total input ) against collection of taxes against sale of final product(sum total) (3) Typically , purchaser always shall insist for CENVAT credit from buyer which means that if there are further stages of production for the buyer itself , then he can claim credit himself against the taxed paid later against taxes collected against sale of the processed good (2) VAT credit Now , we have paid for the input wood 5 rs VAT Now , when do value addition and sell the bat for 200 Rs within the state , we are supposed to collect 5 % VAT on this total sale value and deposit that to the revenue But here , since i have already paid 5 Rs towards the input , i can take credit of that and of the 10 Rs collected after sale of the final good , i can deposit only 5 Rs of that with the revenue since 5 rs has already been deposited earlier This is called VAT credit and is against sales of the Good Note that Sales tax credit is not available in terms of interstate sales i.e( CST ) Hope This helps , Amlan Dutta
Views: 2654 Make Knowledge Free
Zen e TDS Software Correction Return Preparation Process
 
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Watch this video to prepare e TDS correction returns using Zen e TDS Software. For More Information: Visit Us at www.kdksoftware.com Call us at +91-9314614930 Email us at info[at]kdksoftware.com Follow KDK Softwares: https://www.facebook.com/KDKSoftwares https://twitter.com/KDKSoftwares http://www.linkedin.com/companies/k.d.k.-software-i-pvt-ltd https://plus.google.com/101488160062576507420/posts
Views: 34469 KDK Softwares
How to download C Forms issued report in Commercial Tax website?
 
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The AP VAT Dealers can get the information about the C Forms like C Form Number, Issue Date through AP Commercial Taxes Department website by logging into their account. Subscribe our Youtube Channel: http://www.youtube.com/kshyam24 Follow on our Google+ Page: https://plus.google.com/118121514623666828656 Follow on our FaceBook Page: https://www.facebook.com/AccountsGuy Follow on Twitter Profile: http://www.twitter.com/accountsguy AccountsGuy.Net Official Website: http://www.AccountsGuy.Net My Profile on Google+: https://plus.google.com/108634912960758051829 My Profile on Facebook: https://www.facebook.com/VenkkateshCA
Views: 28554 AccountsGuy.Net
HOW TO MAKE CORRECTIONS IN BELATED RETURN FILED ONLINE | TAX RECTIFICATION
 
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980 (Income tax) How to correct mistakes in belated return (Rectification) Narration - By Amlan Dutta Video Link - https://www.youtube.com/watch?v=XGfVK6Z9Uls Many tax payers submit belated returns under section 139(4) and then realize that they have made mistakes in submitted return Now , they can no longer revise the return under section 139(5) The only option left is rectification .This tutorial explains on how to go through the motions Taxpayer for submitted return will get a intimation under section 143(1) whether be it for original due or original belated return This intimation has a reference number which needs to be validated and then the content reflecting the return rectified Once validated , the platform offers the taxpayer options to select for rectification Once done , taxpayer can now again prepare the correct return ( rectify it ) and generate the xml for the corrected return He will then upload the rectified return xml on the website ! Hopefully all this makes sense , Humble regards , Amlan Dutta
Views: 1595 Make Knowledge Free
How to purchase a credit check for my tenant ( Landlord and agent tenant referencing)
 
03:52
GET YOUR TENANT REFERENCE REPORT TODAY WITHIN 1 HOUR £3.95 Easy to read comprehensive report, available to view online, Simple to understand credit score. And you only pay £3.95 + vat ( £4.74 ) . Please note all tenant referencing reports are completed and checked manually by our experienced referencing team. Should you require the report faster than 1 hour call us on 0113245022 and we will ensure the report is completed ASAP.
Drupal 7 Commerce Module Tutorial 4 - Setting Up Commerce PayPal Payment Methods
 
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#1 Drupal Book: http://amzn.to/1PwoAo3 Support these Drupal video tutorials by visiting www.TorontoWebsiteDeveloper.com In the 4th Drupal video tutorial on the Commerce module, I show you how we can configure Commerce PayPal to accept payments on our site. In doing so, we walk through setting up Commerce PayPal WPS and WPP. Both of these payment methods, like all commerce payment methods, utilize rules for implementation. As such, to start, we enable the payment method rules, configure them and then test out payments on our test environment.
tally erp9 tutorial in 10 simple steps in english
 
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In this video i have discussed about How to learn tally erp9 in 10 simple steps. Generally to operate tally erp 9 the following steps are necessary Once your these steps you will be handle accounts easily. 1 create a company 2 Create ledgers 3 Create stock units 4 Create stock item names 5 Purchase voucher 6 Sales vouchers 7 Receipt voucher 8 Payment voucher 9 Conra voucher for cash deposit and withdraw 10 Journal entries for accounts adjustment This video is one of the best example for tally definition and also accounting application tags tally reference manual full tutorial in english tally for beginners, #tallyerp #tallyerp9classes #tallyyoutubetutorials
Views: 482570 tally erp
VAT
 
08:53
VAT
Create a simple Excel document to work out your VAT at 20%
Views: 267 Setup4it
Casio se-c450 setting up product names and prices
 
06:21
bought from http://www.cashregistergroup.com/acatalog/Casio-SE-C450.html
Views: 13049 CRG cashregistergroup
Income Tax - AY 14-15 - Capital Gain - Lecture 11
 
01:00:17
www.badlanionline.com
Views: 8129 CA dilip badlani
6) Filing Out The Application  - Tax Assessment Appeal
 
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http://www.TurnersAppraisals.com Real Estate Appraiser helping people make informed Real Estate Decisions by providing comprehensive yet easy to understand Residential Appraisal reports. I specialize in: Pre-listing real estate appraisal. For sale by owner home appraisal. Bankruptcy home appraisal. Divorce home appraisal. Real estate appraisal for estate planning. Property appraisal for probate . Real estate appraisal for trust. House appraisal for bail bond security. Home appraisal for date of death. Retrospective home appraisal. House appraisal for a prenuptial agreement. Home measurement services. Same day rush services upon request! You will find that I "go the extra mile" to ensure the best possible real estate appraisal experience. Clarifying questions is the portion of the appraisal process that my clients appreciate the most. By taking that extra time to explain the appraisal report and answer all of your questions, I ensure that you are satisfied. In working with homeowners, I have found that this is my favorite part of the business. It really allows me to help you through the process is an easily understood way. This is much different than the lender/refinance world where rules and regulations get in the way of who you can talk to and what you can discuss. At a time when everyone is in a hurry to move on to the next job I think you will agree that it is important that you find someone who will take their time and make sure all of your questions have been answered.
Views: 132 Mike Turner
Corporate Rules Part 2 – Asset for share transactions
 
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Corporate Rules Part 2 – Asset for share transactions
Views: 459 The Sait
Clear Books - sending your first sales invoice
 
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How to send your first sales invoice
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Module 5 | Session 2 | Payment Voucher Entry in Tally ERP 9
 
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Visit our website http://tallytraining.in/ or Call +91 9558821174 Part 16/200 - We provide quality training for Tally ERP9 in a scientifically designed and structured Video Training Series. It covers in-depth knowledge to meet the accounting requirements of the industry. We not only teach the concepts but also helps you learn how you can Practically implement those concepts in your Accounting Process with examples. Training will be provided by Mr. Viral Jadhav who is highly experienced and expert corporate trainer. The entire course of Tally ERP9 is approved by certified Chartered Accountant and Business Experts. We conduct online examination and you will be awarded with course completion certificate in Tally ERP9 Accounting. "Our vision is to build globally competitive entrepreneurs and the most productive work force" Call +91 9558821174
Views: 42859 Viral Jadhav
New UK GAAP - FRS 102 services from Mercia
 
01:04
For users of UK GAAP there are radical changes ahead! And like it or not, your existing knowledge will no longer be enough. Whether it be forthcoming changes to small company reporting rules; or the effect that FRSs 100-103 will have on small, non-small and specialist clients, this transition cannot be avoided. FRS 102 for example is mandatorily effective for the periods commencing on or after 1 January 2015. This standard replaces most existing UK accounting standards with a single updated point of reference. Implications of this change are far reaching and you need to be in a position to spot issues and opportunities and help clients implement this change efficiently.
Views: 6589 Mercia Group Ltd
00046 - How To Use IF Function To Calculate With Different Tax Rates Using Microsoft Excel
 
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How To Use IF Function To Calculate With Different Tax Rates Using Microsoft Excel Tutorials. Using the IF Formula to calculate with different tax rates using MS Excel. Conditional Formula usage using IF Function of MS Excel. Logical Functions in Excel, AND Functions In Excel, OR Functions In Excel, IF Functions In Excel, IF and AND Functions In Excel, INT Functions In Excel, TYPE Functions In Excel, TODAY Function In Excel, NOT Function In Excel, Conditional Formulas in Excel, MS Excel Tutorials, Microsoft Excel Tutorials, Basic Tutorials of Excel, Microsoft Office Tutorials, Formulas in Excel, How to Use Formulas in Microsoft Excel, Formatting Cells in Excel, Simple Formulas in Excel, Currency Formatting using Microsoft Excel, Today Function in Excel, How to use Fill and Down in Excel, Text Function in Excel, How to do Conditional Formatting using Excel, Maximum function in Excel, Max function in Excel, Custom Formatting in Excel, Roundup Function in Excel
WB Tax demo_sparkol
 
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white board animation on tax assurance
Taxation Amendments for May 2014 Exams
 
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Taxation Amendments for May 2014 Exams PS: We will also cover Chapter of TDS. For Details of the workshop please click on the link below. http://www.neerajarora.com/amendments-class-for-may-2014 All 29 amendments will be covered with proper Examples
Views: 1532 Neeraj Arora
Bills List before Ledger - Tally.ERP 9
 
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PRODUCT OF THE MONTH - OCTOBER'2014 " BILLS REFERENCE BEFORE LEDGER " Add-on for your Tally.ERP 9 for more details contact : H.V. Patel, +91-9879992357, [email protected]
Views: 145 Patel Software
Managing Invoices
 
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Work Cloud can be used to manage invoices this includes creating new invoices and processing invoices derived from work records, orders, quotes and contracts. To access the invoicing section of Working Cloud move your cursor over work and then click on invoices. First of all we are going to look at creating a new invoice. So click create invoice. Select the client, select the site and select the contact. You can add a new client, a new site or a new contact by click on these icons here. Now we need to select the template. To edit or add new templates go to manage, manage templates and click on invoice templates. Now we need to come up with a name for this invoice. We need to select the terms and conditions and this one can also be managed through terms and conditions. Now you can add a description. I'm just going to type description. Click save. This brings us into the invoice. So where ever you see this icon you can edit the content. So what we need to do is have a look at the products and services on this invoice. If we want to add more products and services we can click here. Then click add product or service and then we have to type the name. So you can type it in and then it will list it. So we will click IT services and we are going to add the quantity. Now you can override the buy price, sell price, item quantity, item code and description. I'm going to add a description to this one and click save. Close this one off and we will go back to the detail page. You can also add groups which is the same as adding a bundle. Click back to detail page. We can email the invoice to the client. Before doing that we can also print the invoice, create a template from this invoice, copy the invoice, create a new version and look at all versions of the invoice. We can also have a discussion and schedule a meeting about the invoice. We can lodge activity about the invoice. We can attached files to this one and we can show this activity to the client and email this to the client contact and then click post. And then we will email the invoice. Select the recipient and then click add. Type the message and click send. Now that will be sent to the client. Close this one. Now what we can do is update our status to awaiting payment and click save. Now that we have received the payment we are now going to click add payment. Type the amount. Select the type and select when you received the payment. You can add a transaction reference and click save. Now if you have Xero connected you wont have to do any of payments in Working Cloud you'll do that in Xero. So now i'm going to change the status to complete and click save. Click okay and now this automatically brings us back to the main screen for invoices and as you can see invoice 1 is complete and we need to close off the invoice. So here you can choose if you'd like to turn the invoice into a template for later use and you need to type the template name. I'm going to uncheck that one and just close the invoice. Now i'm going to show you how to close an invoice from either a work record, order, quote or contract and those would have come through to the manage invoice section as they were completed in other sections of Working Cloud. So in these ones. So i'm just going to pick these ones, order number 12. So as you can recall we can edit any of these. and we can use any of these buttons here. What i'm going to do is email the invoice to the client. You don't need to type new invoice you can send a particular message that relates to your business and client. I'm just putting that in there and closing that one off. So now that I've emailed that to the client, I'm awaiting the payment and now I've actually received the payment so now I'm going to add the payment. Type the amount, select the payment type, so i was given cash and I was given that much today and I'm just going to put the reference and click save. Close this one off. Now we are going to complete this invoice and click save. Click okay. Now if you haven't received all of the payments you aren't actually able to close off an the invoice. So you need to get all of the payment details in there before you can complete it. So now we need to close this invoice. and click yes, close invoice. Now just say that we want to cancel an invoice, what we can do is go into here, use this one and edit it and what we can do is cancel the invoice and click save and now that invoice has been cancelled. So as you can see here, order 11 was actually cancelled and we can view this one and see that it was cancelled. Now to find an invoice you can search by the job ID, name, client owner, status or flag and then click filter and you can also reset this one so that it brings you back to a clear search and you can use the buttons here to navigate and find the invoice. Thank you for watching I hope you enjoy doing simply better business.
Views: 171 Working Cloud
Nomisma Solution for Accountants
 
02:21
Nomisma Solution for Accountants
Views: 637 DNSAssociates UK