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What is the format for the Tax Identification Number of BIR in Philippines?
There are two formats of Tax Identification Number (TIN) in the Philippines and they are 999-999-999-999V for vendors and customers that are subject to VAT and 999-999-999-999N for those that are not subject to VAT.
Meaning of Tin ID?
TIN is Tax Identification Number.
What is the meaning of TIN number?
TIN is tax identification number.
What is the difference between an Invoice and a debit note?
An Invoice is prepared whenever goods are sold to customer which contains Item descriprion/ Item code/ Qty Despatched / rate per Unit / Unit of Measure / Total AMount / Excise duty @ 10.30 % thereon / Vat as applicable / Vat TIN NO / CST TIN NO/ etc.whereas a Debit note is raised in number of cases as given below-1.If Material short received in Qty2.If excess rate charged by the party.3.If anything which is not mentioned in purchase order is charged by party in inoivce like Freight / Loading - Unloading exp.etc.4.If cenvat Credit is not passed on by the party evenif mentioned in purchase order.An Invoice is raised under the following circumstancesWhen there is a buyer and a sellerSale transaction happens and title to the goods passes on to the buyerComplete list of such goods dealt by an enterprise, are registered with the VAT authorities.Where as a debit note is raised for the reason which are incidental to these transactions. In additions to that, if at all the enterprise has to collect some proceeds which are their non-core activities, only debit note can be raised.
When do you know when vat is due?
Input Tax paid on purchases (i.e. output tax collected in the purchase bills) is called Input Tax Credit. Input Tax Credit available on all purchase bills should be arrived (including the Input Tax Credit to be adjusted if any during the previous month). Input Tax Credit is eligible only on the taxable purchases made (from the registered dealers with TIN in force) within the State and VAT shown separately. VAT payable on the taxable sales or deemed taxable sales is called Output Tax payable. The input tax paid on the taxable purchases as above should be deducted from the output tax payable and if the output tax payable is greater than input tax credit, the balance amount to be paid to Government is called Output Tax due/payable. If the Output tax payable is lesser than the Input Tax Credit, the excess amount is called Input Tax Credit available and the same will be carried forward to the next month. The Input Tax Credit carried forward to the next months will be adjusted in the ensuing months. Thus the VAT liability will be calculated only after applying the above procedure at the end of the calendar month and VAT liability arises on the first day of the ensuing month in case of running concern. Reply From: ABHIVIRTHI Tax and Industrial Consultancy R.R.JAGADEESAN VAT PRACTITIONER AND INDUSTRIAL CONSULTANT H-63, Palaami Enclave, New Natham Road Madurai-625014. Cell: 9994990599
Example of TIN NO digits?
example of TIN NO
How many words can you make with theword initiative?
initiate, naive, invite, van, vain, tin, vane, vat, it, at, tv
What is b20 bronze?
B20 bronze is bronze that consist of 80% copper and 20% tin.
What different words can you make out of the word Vacation?
Vat Cat On No Tan Cation Tin At Ion In Ton Action Nova There are more
What is the format for the Tax Identification Number of BIR in Philippines?
There are two formats of Tax Identification Number (TIN) in the Philippines and they are 999-999-999-999V for vendors and customers that are subject to VAT and 999-999-999-999N for those that are not subject to VAT.
How many ounces in a 10 tin can?
how many ones in a tin
What does tin number do?
TIN stands for Taxpayer's identification Number. It is d number which is a proof of registration under Sales Tax Act. This number identifies dealer and it helps in paying sales tax and taking vat credit to dealers. By: Manish Raheja
What metal does the Liberty Bell mainly consist of?
The Liberty Bell is composed primarily of Copper. Approximately 70 percent copper, 25 percent tin and traces of lead, zinc, arsenic, gold and silver.
How many grams in A10 tin?
how many grams in an A10 tin? There is 2.8kg to 3kg in an A10 tin size in Australia, depending on the contents of the tin. All the Best!
How high is tax in England for Warhammer 40000?
AnswerNot much because there is a tin tax for all the metal models, but the plastics are still the same. The VAT has risen once more after a brief dip.
How many tin atoms are there in 0.0178 moles of tin?
0,0178 moles of tin is equal to 0,107.10e23 atoms.
How many pages does The Tin Princess have?
The Tin Princess has 304 pages.
