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Kristina39

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Viewing 5 posts - 1 through 5 (of 5 total)
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  • May 19, 2023 at 10:22 am #684655
    mysteryKristina39
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    In Indian tax systems we have GST instead of VAT …

    Usually when you sell a product , you receive the product amount + tax amount … from the buyer …

    In TDS and RCM ,

    I think you only get the product amount from the buyer … The buyer does not pay the tax amount of the product you sold …

    he collects that tax amount and pays it to the government …

    And that tax amount becomes a receivable amount in the company journal …

    May 19, 2023 at 4:40 am #684631
    mysteryKristina39
    Participant
    • Topics: 3
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    I think it is same as withholding tax …

    is this a kind of amount that i am supposed to get , but not getting during delivering a product ?

    April 21, 2022 at 7:46 am #654165
    mysteryKristina39
    Participant
    • Topics: 3
    • Replies: 5
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    @mrjonbain ,

    Thanks for the reply .

    There is only a little chance of me working as an accountant , but like you said , I like learning and understanding new things . 🙂

    April 20, 2022 at 6:02 am #654019
    mysteryKristina39
    Participant
    • Topics: 3
    • Replies: 5
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    @mrjonbain ,

    Thanks

    Is this forum new ?

    I only discovered the forum few days ago 🙂

    April 19, 2022 at 7:43 am #653859
    mysteryKristina39
    Participant
    • Topics: 3
    • Replies: 5
    • ☆

    @mrjonbain ,

    I simply wrote this down because for me its easier to remember it that way 🙂

    Thanks for the reply

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