We are the manufacturer of cloths. We have purchased computer Rs. 22000, furniture Rs. 18000/- and Machinery Rs. 35000/- + vat @ 12.5%.

Can I claim Full vat input @12.5% against output tax.

Please suggest me as per MVAT Act.


Thanks

How rule 7 of Point of taxation rules in service tax is to be applied.

In Rule 7 , for reverse charge Point of taxation is date of payment.

We have made advance payment for works contract service to party.

Whether service tax as recipient will be paid on advance payment or after receiving bill.

Kindly reply.

Sir, Is Service Tax applicable on Nandi award Prize Money?

We have paid Rs.40,000/ as fees to Advocate during (Feb Rs.20000/, March Rs.20000/) is this applicable for TDS? If its applicable in Which Section, What is the rate. My Superior told as per Supreme court order the Advocate fees is exempted from TDS. Please suggest me.

DEAR EXPERTS.

I WOULD LIKE TO KNOW ON IMPORTED GOODS, CAN THE IMPORTER INCREASE OR DECREASE MRP. LMPC RULE ALLOW DECREASE IN MRP AND PROCESS ALSO GIVEN IN THE RULE,,,, BUT WHAT ABOUT INCREASE???

SEEK INFO FROM EXPERTS URGENLTY WITH SUPPORTING RULE

Father owns land and want to form a partnership with Wife,son and daughter-in-law,construct building on that land with loan by father & contribution from other members.how to form a partnership firm and what are the formalities.Pls reply.Thanks in advance..

Hi, one of my friend living in New delhi has got notice under section 143(2) and 142(1) and he has to appear before ITO either in self or through a representative. Now he wants to issue POA in favor of his younger brother who is a fresher chartered accountant. So, pls advice in what format this POA be issued! Whether POA will be on stamp paper and if yes, of how much value? If court stamp/revenue stamps can be affixed on a POA issued on plain paper? or a simple authorization letter will suffice?

Pls guide, its very urgent

Date of Resignation letter of Director- 30/06/2012.

However the resignation was accepted on 31/03/2013.

Can we file form 32 now by showing resignation as 31.03.13.

Thks in Adv.

can any one provide me the detail of exp. in the process of winding up of a company by way of court nd also what documents are required ????

I have started my own practice as a sole practitioner that means I am working under my name and I didn't made any firm.
Please be kind enough to tell me whether can i sign a BALANCE SHEET having turnover less than one crore and also can i sign a statement of NET WORTH.