Dear sir,
with reference to the above mentioned subject, I can take the Cenvat credit agst payment made under the catagory of "goods transportaion by road / by western railwy cargo cervice.

Exemple: I am a Service Provider under the catogory of "frenchise " I get an invoice from Transporer for Rs. 1,00,000 without service tax (basic)

I am liable for service tax with abatement of 75% ( net Assessable Value 25000/- )
I have made payment service tax for Rs. 3,090/- (12.36% of 25000)in june 2012

Question:-
1) Can I Take the Cenvat Credit for Rs. 3090/- in july 2012
2) if yes, plz mention the Notification No & Date

I want to know the time from when goods and service tax(gst) will be applicable.whether after its applicability vat,service tax and central sales tax will be withdrawn.

I START MY BUSINESS SINCE LAST 8 MONTH, I MAKE LOSS RS.1.70 LACS AND THERE IS A NO SALES AND PURCHASE,ONLY EXPENSE LOSS. I HAVE ALSO PENSION INCOME WHICH IS RS.121000/- FOR THE WHOLE YR,IT IS NOT COMMUTED.
PENSION INCOME IS TAXABLE OR NOT?
CAN I ADJUST PENSION INCOME AGST BUSINESS LOSS.
OTHERWISE CAN ANY ONE GIVE ME COMPUTATION OF TOTAL INCOME.

treatment of amount recd.(not refundable) by real estate co. for incurring exp. in future for power,which is deposited by co. in fdr.

whether it is liability or income. and if it is a liability what is the treatment of interest. please explain in brief

What is GST

I m ipcc stdnt gng 2 appear 4 may 2012..i hv always been a bright stdnt and topper of my school..i hv always secrd mor dan 85% rite 4m 10th std 2 b.com 3rd sem n cpt ..i aprd 4 ipcc 4 d 1st tym in may 2011 bth grp bt failed in agrgte n secured 182 in 1st grp n 135 in 2nd grp dn agn aprd 4 bth grp bt stdied nly 1st grp n secured 186 in 1st grp n 106 in 2nd grp nd faild in aggrgte..nw apprng 4 may 2012 bt dont feel lyk stdyng nymor..fatigued n depressd...exms r apprchng widin sumdays nd i hvnt yt cmpltd my 1st grp revsn due 2 lack of intrst..feels lyk a looser who hsnt achvd nythng in lyf..need sum sggstn..wat 2 do..pls hlp..pls..also i m nt able 2 figure out wat were my mistakes..wat to do..

have a nice day
Rajavat VAT
my client have in compositin scheme want to convert to VAT, Can convert or not what effet in GST & DTC

After gst comes wil whole concept of vat go out ?

is it true that service tax and vat is been replaced by GST ..........

Dear Sir,

We Purchase Gold Studded Ornaments outright from a jewellery manufacturer. This manufacturer will use all his material to make jewellery for us. He will sell it to us under his invoice with VAT. Then we do branding of our Brand on these jewellery & then sell it in the market. Our turnover (from 1.4.11 to till today) is 1.44 Crores nett, i.e. excluding VAT/CST. We have already obtained Excise Regn (as Manufacturer). After crossing 1.50 crores, we will start charging excise duty (1% on branded jewellery) in our invoice to our customers.
While purchasing, our supplier is a pure simple jewellery manufacturer. So he doesn't charge excise on his invoice to us. Thus to avail CENVAT credit, we have no such purchases with excise. However, can we take credit of Service Tax paid on following :- (a) Monthly Marketing Consultancy Fee (b) Monthly Legal & Professional Fees (c) Monthly Advertising ( in newspaper,TV etc) Bills (d) Monthly telephone bills. IF YES, CAN WE ADJUST THIS AMOUNT AGAINST EXCISE DUTY PAYABLE ?
IF YES, UNDER WHICH RULE / NOTI. PLEASE GUIDE. Because on all above four services, we pay service tax of about 75000/- every month. If we can get this credit, then it will be good for us.
regards
anckoora