Iam a timber dealer in Karnataka purchasing timber logs from Unregistered dealers and after processing the timber logs we will sell the cut sizes and also its by products like firewood and saw dust.

Whereas saw dust is taxable @ 5.5% and cut sizes is at 14.5% and I also pay tax on URD purchases @ 14.5%. Here I am giving some example


I have utilized the above urd purchases of Rs. 6812415 fully. Now after audit sales tax authorities were restricted input tax under rule 131 of Karnataka vat act on sale of firewood of Rs. 238380 and imposed a tax Their calculation is as under

NON-DEDUCTABLE INPUT TAX= (SALES of exempt goods + non taxable transactions) X total input tax On URD Purchases
TOTAL SALES (INCLUDING NON – TAXABLE TRANSACTION)



=(238380+0) x 987800 = 25410.00
9266954


Whether the sales tax authorities are correct or not, please clarify

I Have following questions for one of my client:
1.Mr.A, resident of Australia wants to start business in India, then what is the procedure he should follow with respect to business registration, tax, business set up etc.
if he has business visa?
2.How he will be taxed in India?
3.If he start his business with Indian resident then what is the impact?
4.Whether it will be considered as FDI?

Please do reply ASAP!!!!!

Hi sir. I passed IPCC group1 and joined a firm before 3 months. Now dispute arose between me and my principle and he is not willing to sign form 109. I am currently in home only. If I approach him directly he is not willing to talk. His answer is he may give the termination whenever he wants probably 6 months later. Really I dont know what to do. please help me out.Thank you in advance.

URGENT.................



Dear sir
My Co,Want to increase remunaration of WTD ,,,,,

my Q is that when C.G approval is Taken After increase or before increase

Thanks

Please Comment on this Point: "The Cenvat Credit shall not be utilised for payment of tax dues under the schemes." TAX due means, I want to pay service tax period from 2008 to 2012 under this schem, whether Cenvet Credit cannot be utilised? What is the reason for not giving Cenvat Credit.... Waiting for reply.....

Dear Sir,

I would to ask, we have pvt ltd. co,our two employees have joined our org. i.e far away from here 400 km. Now, They ask for Transportation from there to here.

Whether it is taxable or not.

Dear Sir/Mam

Is payment made to clearing and forwarding agent for the reimbursement of charges and his fees liable for tds if he provides different bills one of reimbursement and other of his fees.?if liability arises please mention the section also 194c or 194j??

Dear Expert ,

Whether the LIC Policy matured amount received is taxable when the premium amount paid in past towards for that LIC policy which is matured and got deducted u/s80C.

At what rate tax is to be withheld for online services rendered by German company to Indian Company for FY 2013-14?

We have purchased a machine from non-excisable unit in Rs 4.7 Lacs in Nov-2012. Now, today we want to sale the same in Rs. 5.1 Lacs. We, excisable & manufacturing unit. Should we impose excise duty @ 12.36% on this transaction?

please advise.