one of our client is interiors decorator and is pvt ltd company.Company has taken Vat and Cst registeration in kolkata.Recently company has executed the work contract in chattisgarh and company has purchased the material from chattisgarh to be used for providing service in chattisgarh.Therefore in this case movement of goods has not taken outside the state.The bill for the material purchased by company is in the name of kolkata office since company dont have vat and cst registeration outside west bengal..My question is whether company while billing to its client for service providing of work contract will charged Vat or cst?Further the bill will be made by company to service receiver in the name of bangalore office.

I have two flats ,one is in a city other than my workplace at present rented and other is in the city where i am posted and living in that flat with company self lease scheme (My own house rented to me by company and i am getting monthly lease amount through company). My query is as follows

1. In two houses which one i can choose as self occupied as the house which is self occupied is also self leased and shall come in rented category .Is there any option for choosing any one as self occupied .

2. If there is any option for choosing any one as self occupied then can i choose the house which is self leased as self occupied as the same has more rental value and shall be beneficial in Income tax calculation.

3.In case of both flats i have taken home loan and shall consider the interest part of home loan for house loss calculation.

4.What is the case if the house in the other city is vacant

We have Charged 12.36%( Rs 743) on Rs 6007/- to our customer, but unfortunately we did not register for Service Tax and the amount is still with us.

Our customer is asking Rs 743/- back.

After refunding the amount? Do we have to pay any other charges or something to the Government?

An Individual has purchased a plot on 15.04.2000.

Govt has paid the compensation for acquisition of the said plot on 19.07.2012.

Is the Long term capital gain applicable in case of compulsory acquisition of such land (not an agricultural land)

Whether Indexation to be done on both Acquisition cost & sales consideration.

Thanks in advance.

In case of co-owners who enjoys 50% of share, is required to calculate the income of HP as whole and divide equally b/w them?? eg. A house property has 2 owners as co- owners and they have let out there own portion. Suppose the portion of one owner is vaccant for 2 months. So in this case is the income frm Hp remains equal for both the owners??

Hi
Friends
Example :Mr.X is invested in ABC Company the company is closed but the company not paid any shares amount to Mr.X .

Then how Mr.X can close in his books by passing Journal entry .

Dear All,
Please suggest what will be treatment for goodwill payment when some firm has converted into private limited. also mention how goodwill acn be written off in books & treatment for amortisation

In general the fixed deposit rates are higher for long period but in some cases for many banks the fixed deposit rates for 5 years are lower compared to 3 years. What is the reason behind this ??? please help

whether in case of sale of long term residential house if improvement done within 1 year from sale of house can index cost of improvement taken or not while calculating capital gain??

Dear Sir

Pls advise whether ST is to be paid by co. (X ltd) under reverse charge mechanism (RCM)in the below case.

X ltd. pays Mr. K (Individual) for constructing toilet & such other amenities in the nearly 5 schools as a part of its CSR activity. Since the above work is a works contract & the provider of service is an individual, co. has to pay ST under RCM.

Query: Whether ST has to be paid under RCM when the payer (X ltd.) is not actually the service receiver?
(In notification 30/2012, sl no. II the words used are "....... the person who receives the service for the taxable services specified in (I) shall ......"

Kindly advise.