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The gross value of the invoice would be the sum total of all articles listed on the Bill of Laden. The gross value of the invoice will include value of items delivered vide challan,state tax, vat etc. in domestic sales. Whereas in export, in CIF terms, the gross value of invoice will include value of items despatched under Bill of Lading or Airway Bill as the case may be,the pre paid freight and insurance premium amount as there is no form of tax on export.
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
A duplicate tax invoice
No. tax is deducted from gross sales neither is it deducted from gross profit.
The gross value of the invoice would be the sum total of all articles listed on the Bill of Laden. The gross value of the invoice will include value of items delivered vide challan,state tax, vat etc. in domestic sales. Whereas in export, in CIF terms, the gross value of invoice will include value of items despatched under Bill of Lading or Airway Bill as the case may be,the pre paid freight and insurance premium amount as there is no form of tax on export.
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
Yes because everything you earn is subject to tax, so what you get is the Net amount
A duplicate tax invoice
No. tax is deducted from gross sales neither is it deducted from gross profit.
Net = Amount after tax is deducted (Amount minus tax) Gross = Amount before any tax is deducted
Gross taxable income box 1 of the W-2 form or gross self employment income reported on the schedule C of the 1040 tax form would be the amount before any tax or other deductible items are taking out of or subtracted from the gross income.
i also have the same question. how to make same invoice for vat amount & service tax amount in one bill only
@ 12.36% from 01.4.2012 will be levied and included in invoice amount.
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
The amount will not have tax deducted. i.e for a child under 16 the account should be gross not net.HTH