Please tell me ,Which option would be better and is my calculation correct?
for my client

Nature of service : Bus body Fabrication on New chassis supplied by bus owner

Total amt charged Rs. 1,000,000 per bus

Raw material+Tolls and other cost by our client is Rs. 700,000
Vat Input on above (5%+13%) Rs.90,000 Aprox
Labor charge paid to contractor for this work Rs.100,000

Material supplied by bus owner him self of Rs.150,000(What would its treatment ?)

Profit Rs. 50000.00
Vat Payable @ 13% on 10,00,000 i.e.Rs.130000

MY SOLUTION:

OPTION 1
Rule 2A (i)of Service Tax (Determination of Value) Rules, 2006 

Total amt charged Rs. 1,000,000
Less : value of property in goods transferred
Raw material used by our client+VAT Rs.790000
Labor charge paid to contractor -nil


Value of service portion Rs.210,000

S.Tax @ 12% on Rs. 210000 = Rs. 25200

OPTION 2
   Rule 2A (ii)of Service Tax (Determination of Value) Rules, 2006 

Total amount charged Rs.1,000,000

40 % of original work = rs.400000

S.Tax @ 12% on Rs. 400000 = rs. 48000

Please Suggest me

what is the difference between college seal and its stamp?sir,my pricipal has signed all the documents require for articleship registration but he has not written the word attested.although he put his stamp where his membership number was written.will it cause any problem during registration?

Dear Experts

Please reply my confusion about Month calculation for determine interest on late deposit of TDS.Suppose
1 Dt of Deduction 5/04/2012
Dt of deposited 10/05/2012
Month will be 1 or 2 ????

2 Dt of Deduction 15/04/2012
Dt of Deposited 10/05/2012
Month will be 1 or 2 ????

according the above example again my qus. is that if one day delay for deposit then always calculate 2 month means there is no rule for 1 month.

1. Contracted price for delivery at buyer’s premises: ` 8,00,000. which included the following: (i). cost of drawings and design ` 4,000; (ii). Cost of primary packing ` 8,000 ; (iii). Cost of packing at buyer’s request ` 10,000; sales tax 28,000 and excise duty 12.36%; (iv). Octroi ` 2500; freight and insurance charges paid from factory to warehouse ` 20,000; (v). actual freight and insurance from place of removal(warehouse ) to buyer’s premises ` 45,600 Find Assessable Value

2. Tej Ltd. cleared 5 lakh biscuit packets each bearing a retail price of `20. Due to delay in transportation, the quality was affected and the goods had to be sold in public auction at Rs 10 per pack. The goods are notified under section 4A and Abatement rate is 35%. Find out the assessable value.

3. Calculate the assessable value from the following information: Total production 3000 units; sold 750 units @ 200 per unit and 950 units @ 190 and 150 units were distributed as free samples. The prices above are excluding taxes.

Solve this problems plz

any body knows answer of this question. pls reply
when i purchased a alcohol i give a tcs on it at a applicable rate. and i made a entry:
purchase a/c DR.
tcs a/c Dr
To parties.

BUT MY QUESTION IS IF I MADE A TCS ACCOUNT THEN IN WHICH ACCOUNT TCS ACCOUNT IS CLOSED.
AND WHY...

PLS. PLS. REPLY

Plz Help me ,

what is retrospective amendment ?

I have to send an application to the institute for articleship transfer based on the medical ground. What exactly should I mention in the application so that I surely get the transfer??

Hi friends,

Our Company AGM is going to be held on 30th September, 2013. But the audit report is not signed by the auditors.

We have not applied for the extension of AGM.
What are the remedies available to our Company.

I an a accountant of a R.D Block,a Government organization ,where need to purchase bricks in bulk quantity through supply order for different construction works . each supply order deal is above 2-3 lakh and yearly it comes around 1-2 crore

So in this case , whether procurement of bricks comes under u/s 194c and whether TDS need to deducted and what rate

Please kindly clarify my doubt

one of client in india take the work from his brother in law from london of web desinging and my client complete the work of web desingning in india and send to his brother in law via the e-mail & Raise the invoice for the same & received payment in foreign currency, Whether my client liable to pay service tax for this services.

kindly give me more suggestion for my query

Thanks