Topic: COA for Indian states
Hi, this question is directed to APMuthu.
As you are aware normally all states in India follow 2 or 3 rate structures of VAT plus there is CST for out of state sales. Some companies also have to pay service tax as they provide additional services. For e.g. sales of hardware and annual maintenance contract both are billed sometimes in one invoice sometimes in separate invoices.
Can we have a CoA with atleast these predefined?