Earlier Scenario :
Inv amt Rs 100
S.Tax @ 12.36 = 12.36

Total Rs 112.36

The entire amt was paid to the vendor after TDS & input credit of Rs 12.36 was adjusted.

New Scenario :

Inv amt Rs 100/-
S.Tax@ 40% Rs 4.94 say Rs.5
Total Rs 105/-

The amount after TDS is paid to the vendor, & Input credit is adjusted on Rs.5/-

The vendor is supposed to deposit the balance i.e.12.36-5 = 7.36 of the S.Tax.
Now the vendor if he do not have any input credit,has to pay the entire Rs.7.36 out of his pocket which is an additional liability / expense for him.Or in other words wherefrom will he recover the extra burden of Rs 7.36 if he do not have any scope of increasing the rate / revenue /adjusting input credit.

The S Tax authorities revenue is secured as before with an addl benefit,i.e. the non utilisation of the input credit (if any) of the vendor in the new scenario.

Please share your thoughts.

Regards,
SK De

hai
i want to check my pf account balance online

Dear Members,

Please guide regarding the important provisions or sections under the Companies Act, 1956 applicable to the Private company which is the subsidiary of the public company.

What are the consequences of non compliance of such provisions

Thanks

I HAVE A FDR WITH BANK.I FORGOT TO FILE MY PAN NO AND 15G/H WITH BANK AND BANK DEDUCT THE TDS @20% ON MY INTEREST INCOME.
IS THERE ANY PROVISION TO GET THE REFUND OF SUCH DEDUCTION?

PLEASE HELP ME ASAP.
REGARDS
MANISH SAXENA
9310980862

i am giving attempt in may 2013of ca final 1st group,in account paper 1 question for 8 mark which can be solved by 2 way,i am solving by 2nd way but in Practice Manual solved by 1 way can we get mark?2nd way not in practice manual,final answer is diffrant,because 1 item which can be adding 1 or 2 group,then answer change,other remain same.please reply

Gentleman ,

Please provide me guidance regarding to closed advance licence before DGFT , as the case is of year 1997 and it is pending before JDGFT
Please tell me the relevant document will be submitted before DGFT

Thanks

CA Ravi Kumar Sharma

I have one assets it's salvage value in mybooks of accounts is rs. 5,00,000 ,(5% of cost value ) but where it is we don't know so my director want to remove this assets from books of accounts so now my question is what is the journal entry should be passed in books of accounts ....

Dear Sir
I am a practicing CA whole time in practice
now I have two offers: -
1) guest faculty in a college or
2) give services retated to management
plz advice me can i accept one of the above offers with my COP

In case of service tax liability under reverse charge, cenvat credit is available only on payment basis i.e. once ST liability for reverse charge is discharged, service receiver is eligible to take cenvat credit.
My query is:
If ST liability under reverse charge for the month of April and May is discharged along with the interest in the month of june, then while making payment for the ST liability for output services for june month, can we claim cenvat for the ST amount paid under reverse charge for the month of april and june.

Their is NO Business in 2010 to 2012.
Is it compulsory payment of PT Rs 2500/- Per Year.

Please guide me

Regards
Harshad