i want to know that under which head will the profit from sale of dollars will be booked ?
it is not his profession\business

Dear Experts,

We have our Own Tempo on company name.

If we are service this tempo though XYZ service Center and they charged the Service tax on total value of service and they are also charging Material value which they have replaced from the Tempo.thy have also added VAT 4% + 1% on Material Value

Example:

Service Value : 5000
Service Tax (12.36%) : 618

Material Value : 1000
Vat (4% + 1%( : 50

Total Invoice Value : 6668.00

In this case can we avail the both Service Tax Credit and Input VAT Credit....

Please advice

Thanks!
Sohil Patel

Dear Experts,

As we sending our machinery for repairing purpose..

service provider or job worker is replacing some damage parts or poor parts in the machine and charging a single invoice including vat and service tax as per below example:

Repairing charges : 10000
service Tax 12.36% 1236

Material value : 500
input vat 4% 20
Input vat Ad 1% 5

Invoice Value :11761.00

In this case can we avail the Input VAT Credit? If yes, then how could we show this particular Inovice in our vat return

Please advice

Thanks!
Sohil Patel

sir,

i had a car(fixed assets), which i sold at 360000. can anyone tell me the tax implications on these sale of a car.

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what next i have to follow step as per the legal view.

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As per Section 14(1) of companies act 2013 for the said conversion approval of National Company Law Tribunal is required.

I want to know that what will be process to take approval and in which form approval needed to be taken.

Sir,
We are purchasing cash vouchers from a party where he will print our company name on the paper and delivery to us. in his bill there will be no vat and service tax. It is like composite contract where paper is material and printing is labour. Now the question is TDS applicability. If applicable on what amount we have to deduct. In his bill he wont give amount for labour and material. simply he will give total amount. monthly overall bill amount is Rs.35000/-.