Domaa Accountancy Services Pvt. Ltd

When gst is included in amount
Gst=total amount*gst rate
_____________________
(100+gst rate)

Last date of annual gst return is 31===12==2022
No annual return if sale is upto 2 crors

Domaa Accountancy Services Pvt. Ltd IT IS A PRIVATE LIMITED COMPANY INCORPORATED UNDER COMPANY ACT 1956.
OWN 18 APRIL 2013. HAVING PAN NO. AAECD6144R, TAN NO. JLDD02637F.

DUE DATE FOR FILING ANNUAL VAT RETURN AGAIN EXTENDED TO 15 DEC 2014

DUE DATE FOR FILING VAT ANNUAL RETURN BEEN ICREASED FROM NOV 20 TO DEC 10 ( FOR THE YR ENDING 31.03.2014).
THE RETURN MUST BE FILED BY DUE DATE ON LINE. IF SALE IS ABOVE 1 CRORS TRADING PROFIT LOSS BALANCESHEET AND VAT 20 MUST BE AUDITED BY CHARTERED ACCOUNTANT.

DUE DATE FOR FILING INCOME TAX RETURN UNDER AUDIT CASES BEEN EXTENDED FROM 30 SEP TO 30 NOV 2014

HOW TO CALCULATE VAT UNDER PUNJAB VAT ACT
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1 INTER STATE PURCHASE 10000/

LOCAL SALE 5000/ RATE 6.05%

VAT PAYABLE 605/

2 LOCAL PURCAHSE 10000/ VAT 605

INTERSATE SALE 8000/ CST RATE 2% 160/.

NO CST NO VAT PAYBLE VAT C/FD 445/

3 LOCAL PURCAHSE 10000 VAT 605
SALES 8000/ VAT 484 COST OF SALE SUPPOSE 6400 VAT 387 VAT PAYABLE 97/ ON MARGIN

DUE DATE FOR FILLING VAT RETURN Q ENDING 30.06.2014 BEEN EXTENDED UPTO 20.08.2014. IN PUNJAB.

ACCORING TO NEW COMAPNIES ACT IT IS COMPULSORY FOR ALL THE PRIVATE LIMIED AND LIMTED COMPANIES TO MENTION CIN( CORPORATE INDETIFICATION NUMBER) RECEIVED FROM ROC(REGSITERAR OF COMAPNIES) ON THEIR INNOICE (BILL BOOKS) AND ON LETTER HEAD.

DUE DATE FOR FILING VAT RETURN FOR THE Q ENDING 31.03.2014 FEEN EXTENDED FROM APRIL 30 TO MAY 30.HOWEVER THE REQUIRED TAX MUST BE DEPOSITED BEFORE 30 APRIL

JOURNAL ENTRIES
================================
1 GOODS DISTRIBUTED AS FREE SAMPLE
=============
ADVERTISEMET A/C DR ----PURCAHSE A/C CR

2 GOODS LOST BY FIRE
==============
INSURANCE CALIM ---DR LOSS BY FIRE--DR PURCAHSE A/C CR.

3 CASH LOST BY THEFT
===============

LOSS BY THEFT ---DR CASH A/C---CR.

4 ASSETS PURCHASED NOT FOR RESALE PURPOSE
=======================
MACHINERY/CAR/COMPUTER/ANY OTHER ASSETS ----DR

SUPPLIER A/C CR OR BANKA/C CR IF PURCHASED BY CHEQUE.

STOCK WHICH REMAIN UNSOLD AT THE END OF FINANACIAL YEAR
CALLED CLOSING STOCK . CLOSING STOCK AT THE END OF
YEAR IS GENERALLY VALUED AT COST OR MARKET PRICE WHICHEVER IS LESS.IT IS SHOWN ON THE CREDIT SIDE OF TRADING A/C AS AS WELL AS ON ASSET SIDE OF BALANCESHEET.

GROSS PROFIT= SALES- COST OF GOODS SOLD

WHERE COST OF GOODS SOLD= OPENING STOCK+PURCHASES+DIRECT EXP.- CLOSING STOCK

NET PROFIT= GROSS PROFIT+INDIRECT INCOME-INDIRECT EXP

GROSS PROFIT RATIO= GP/SALES*100

NET PROFIT RATIO=NP/SALES*100