1. WE ARE BRINGING MANUFACTURED PRODUCTS FROM VARIOUS FACTORIES IN OTHER STATES TO KOLKATA ON PAYMENT OF 8% EXCISE DUTY + 3% CESS ON MAT VALUE + KOLKATA GODOWN CHARGES AT A FLAT RATE SO AS TO GIVE COMFORT TO RETAIL CUSTOMERS IN KOLKATA ON ACCOUNT OF A LOWER FREIGHT COST FOR SMALL LOT. HERE GODOWN ORIGINATED TAX INVOICES ARE ISSUED AGAINST SINGLE MOTHER TAX INVOICE. MY QUESTION IS AS TO HOW KOLKATA GODOWN CHARGES WILL BE CONSIDERED AT OTHER STATES’S EX FACTORY LEVEL? PLEASE ENLIGHTEN ME.
2.UNDER A REVISED LEAVE PLAN, COMPANY WANTS TO REIMBURSE LEAVE EQUIVALENT AMOUNT IN EXCESS OF MAX LIMIT OVER A SPAN OF 4-5 YEARS DUE TO LIQUIDITY CRISIS. HOWEVER, COMPANY WANTS TO FREEZE THE LIABILITY OF LEAVE AS OTHERWISE ENCASHABLE AT TODAY’S SALARY BUT TO BE PAID IN NEXT 4-5 YEARS AND TAX LIABILITY ON EMPLOYEE’S ACCOUNT.WHILE COMPANY CAN AMEND LEAVE PLAN, HOW ONE CAN FREEZE THE LIABILITY TODAY THUS DEPRIVING EMPLOYEES FROM HIGHER SALARY AT A LATER DATE FOR A BETTER PAY OUT. AT BEST COMPANY CAN STOP FURTHER ACCUMULATION AND AS AND WHEN MAKE THE PAYMENT, THE PAYMENT SHOULD HAVE BEEN AT THE SALARY RATE PREVAILING RATE.WHAT ABOUT ACCOUNTING STANDARD 13 /15 ?? .PLEASE GUIDE.
