Hi Experts,

I am planning to be an authorized Distributor and Marketer for all states in India for a product which is getting manufactured in Karnataka and I reside in Hyderabad, Telangana State.

So, manufacturer sends product to Hyderabad and from there I want to sell to retailers in different states of India. Do I need to get registered in every state and get CST and VAT?

Manufacturer including CST in the invoice. I came to know that I have to add VAT which is 14.5%. Now, I want to know is, whether VAT to be calculated on MRP or on my selling price to retailer? MRP is 76 INR.

Please do guide me with the information required.

Thanks in advance

Hi, can we take transfer from articleship after one year on financial basis if family not permitted for financial support for future

service tax new rate declare in budget. inform to me 14% service tax effective date

I want to start an on-line web based service providing start-up and I want to use my residential address as my firm / establishment address .
I do not have any shop or commercial premises to show as establishment address .

I applied for trade license but I was refused on following grounds :

1) I do not have shop or office premises ( I want to operate from residence ) . Trade license under shop & establishment act is only for shops or commercial premises .

2) I have not yet generated any business and raised any bills for services I want to provide

On the other hand ; for starting the business I need to operate payment gateway option for my start-up for which I need to have current account .

And for opening current account ; I need to have trade license which has been refused to me as I am using my residence as firm address .

Please advise .

All members to i requested please provide me complete union budget for the year 2015-16.

Section 32(1) (iia) of Income Tax Act, 1961, which provides for additional depreciation of 20% is amended to provide that the balance 50% (i.e., 50% of 20%) of the additional depreciation on new plant or machinery acquired and used for less than 180 days which has not been allowed in the year of acquisition and installation of such plant or machinery, shall be allowed in the immediately succeeding previous year. [Applicable from A.Y. 2016-17]

PLEASE SOMEBODAY CLARIFY ABOVE WITH EXAMPLE

Dear members please help me in the following queries regarding partnership registration
1.)For registration of a partnership firm an affidavit is required. Below I am reproducing the lines. Please explain me this affidavit (I found this specimen copy in the delhi gov website http://www.delhi.gov.in/wps/wcm/connect/DoIT_Industry/department+of+industries/home/public+service/specimen+of+affidavit and i have a strong doubt that this is not the correct format of affidavit as required under the act), why it is required and what is to be filled in each blank column, particularly i want to know the meaning of querijing jamuna - : "Affidavit of all the undersigned on solemnly affirmation and declaration : 3. We, the undersigned are the equal shares holder of land area measuring ___________ ________________ of _________________ situated at the revenue estate of _______ _____________________________________. 4. That we have no objection if the permit for qurejing Jamuna and is granted in the name of _____________________________ son of _________________________________, Resident of ____________________________________________________ by the concerned authority who has also the equal shares in the aforementioned lands. "

2.) Further there is a requirement for address proof, which may be in the form of rent receipt/rent agreement etc. My question is, when an entity is yet to be incorporated (i.e it is not yet incorporated that’s why we are applying for registration) than how the firm can enter in a rent agreement with someone?

3.) I heard from my professional circle (CA students) that in practice very few persons register their firms with registrar of firms & societies. And such non-registration did not affect its legal existence if they had a partnership deed duly notarized by competent authority. Same partnership deed can be used for obtaining PAN, Service Tax Registration No. and VAT Reg (without going for registration with registrar of firms). Is this true? Also is this is correct that a non-registered firm can not sue its debtor or partner even if their partnership deed is notarized?

4.) The partnership firm which is to be registered will provide architectural service. The place of bussiness is situated in a residential area. Actually it is one of the house of a partner, so is their any legal restriction in delhi if they do carry out such proffession in residential colony?

As I am filling up my membership form; i had a doubt about the contribution to CABF... so can u please ensure me that Whether contribution to CABF is mandatory or not?????

Thank you...

What is performance of contracts?

Hi,

I am an NRI from Canada. I need to register a proprietorship firm in New Delhi for conducting multilevel marketing.

What is the process to do it and what registrations do I need to apply for to get the same?

Would the income earned by subject to any service tax or VAT?