Hi Friends,
A Firm started on 12.6.2013,doing restaurant services.Firm got gross receipt upto 7 Lakhs from the period 12.6.2013 to 31.8.2013.Firm require to get Service tax registration,Any penalty impose in this situation?.

I hold 25pct shares in a Pvt Ltd Co duly registered under the Companies Act. I retired from active involvement in 1999. The Company continued operating with the MD and a wholetime Director but they slowly n steadily siphoned out more than 1 crore thru HV Drafts into Benami accounts or by large bearer cheque withdrawals.
They refused to hold any meetings either but filed fabricated annual accounts with the ROC (found out by me years later after a mad run around).
In 2002, they informed Principals that they had taken over all business of the Pvt Ltd Co and started a Partnership firm from the same office as the HO of the Pvt Ltd Co(PLC).
They informed some of the authorities that they were closing down the PLC and even encashed a large Guarantee Bond filed with Bombay Port Trust years earlier.
I managed to freeze some of the PLC accounts with the banks as I was a signatory to them. I even managed to get some statements from the banks which showed huge withdrawals to unknown entities (using the fact that bank computerised statemts do not show the name of the beneficiaries).
I have lodged a formal complaint with the ROC but very little is happening; though lately I heard that the ROC has filed cases against the two Directors for not holding the AGM and for not filing annual returns.
In turn, these two Directors have in 2010 filed on line for voluntary winding up of the PLC under some bogus Resolutions they claim passed without any meetings being held.
The PLC has assets running into 30 lakhs, I have done tracing of another 35 lakhs held in their Benami accounts and I hear they have purchased paintings worth another 40 lakhs at cost.
Where do I start I just do not know.
Can anyone advise me

Can there be a same address for different companies?

Please suggest

Dear Sir,

A private limited company is constructing a private freight terminal (Rail linked ICD), is the company liable to pay service tax on work contract. please suggest me.

We all know in case of supply of manpower service reverse charge is applicable but in case of Recruitment of people via HR Recruiter is Reverse charge is applicable ? Becoz its two are different services. Manpower recruitment chargers are not same as supply of manpower charges.
Here employee on employers payroll & not with man power supplier . Recruiter help us to search the correct candidate & charge for same.

Thanks in advance

sir,
i have applied for cs executive in august 2013. am i eligible to appear in december 2013 exam?

Hi, we have been awarded an item rate contract for construction and finishing of a sanitorium building at lonavala.

Till now we have billed client for construction part at 4.944%.

Now we have started finishing items like plastering and tile fixing.

My querry is should i continue to charge service tax at 4.944% (12% on 40%) or will i have to charge at 7.412% (12% on 60%).

We have one single work order for construction and finishing.

Warm Regards

Hi,

Is their any provision to waive off penalty,levied Notice U/s 274 read with 271BA for non filling of form 3CEB as required u/s 92E .....???

Waiting for reply..
Thanks in Advance.....

I have wrongly leaved the VAT on April Bill( Invoice )Which is 5.5% instead of 14.5%?

please guide me relating to this query,
How to sovlve this problem?

One of My clents has sold a property and instead of keeping the money himself, he wants it to gift the same amount to his son

How can he do the same so that there is no income tax liability in such a case

There can be 2 options for the same

(i) Firstly, he himself purchases a property and gift the same to his son( in this case the amount of purchase & then transfer has to be beared by the persons)
(ii) Secondly he can gift the amount to his son and he can purchase the property in his name

Which option will be viable, or if there is any other way in which he can save income tax and also gift the property to his son, then please do guide