Anonymous
15 April 2013 at 14:53

St-3 for july to sep 12

Would u plz tell me the notification number to fill data for reverse charge mechanism as i am service recipient for the following services for service tax return quarter ending 30/9/12:
1-Manpower supply or recruiting agency
2-advocate services
3-hire a cab for passangers
4-works contract
5-security services
will i be covered under abatement or exemption notification.



Anonymous
15 April 2013 at 14:40

Goods in transit

Dear Friends,

In case of Goods in transit at the year end we used to show it in Current Assets and when Goods are physically received, then GIT is Credited and Purchase A/c is Debited. Since we have to issue Form C as per the date of Invoice which pertains to previous year (before any date of F/Year ending), hence, is it possible to book the expense in Current Year but Form C can be issued in Previous year date. How Form C will reconcile with VAT Return. Kindly clarify.

Regards
Saroj Pandey


Kartik_7
15 April 2013 at 14:34

Wrong name of company in moa

Dear Sirs/Madams

We recently incorporated a Pvt. Co completing all the formalities of Companies Act.

We have also received the Certificate of Incorporation.

However, when we downloaded MOA from the MCA website, we realised that the name of the company was wrong on the MOA.

The name appears correct on all documents and forms of incorporation except the MOA.

Please suggest how to rectify this mistake.

Prompt reply would be really appreciated.

Thanks


Akash
15 April 2013 at 14:01

Form 66

A company has authorised and paid up capital of Rs. 5 Lacs as on 31.03.2012. Company has increased authorised and paid up capital from 5 lacs to 25 lacs in May 2012.
I want to know that it is required to file Form - 66 with Compliance certificate.

One of CS said that it has to be mentioned in Directors Report (Date of Board Meeting to approve accounts - 27.08.2012). So, you have to compulsory file form - 66.

Please reply soon


Praveenveldhi
15 April 2013 at 13:55

Re : tax return filing

TDS has deducted on my father income in accounting year 2009-10 . can i file return now in assessment year 2013-14.
he didn't have any taxable income at that time . is department charge any penalty for late return
amount has deducted Rs.5,000 can I expect refund

thanks in advance


AMRUT PISE
15 April 2013 at 13:43

Rate of abatement after 01.07.2012

After 01.07.2012 rate of abatement for Construction of building, civil structure etc is 75%, but it is subject to condition that value of land is recovered from service receiver, what will be the rate of abatement if no matter of land is included in such service?



Anonymous

Dear sir,
As per notification no. 33/2012 dt. 20/06/2012 that "it is necessary in public interest so to do, hereby exempts taxable service of aggregate value not exceeding 10 lacs Reupees in any financial year form whole of service tax leviable thereon under section 66b if said financial year"
if a service provider have following gross receipts in given financial year..

F.Y. 2010-11 Gross receipts Rs. 11,00,000/-
F.Y. 2011-12 Gross receipts Rs. 8,00,000/-

My Query is that, is he liable for payment of service tax for Financial Year 2012-13 if his gross receipts is Rs. 5 lacs?

please resolve it ASAP


MANJUNATHA M.R
15 April 2013 at 13:31

Closing stock valuation

Dear Experts Ours is a Trading firm wholesale and retail dealers in agro seeds and fertilizers. My query is that what is the closing stock we should take at the end of financial year. As per physical stock we have only around 3lakhs it differs while taking opening stock+purchase-sales how to take and is there any ratio or formula to calculate closing stock for trading firms. Thanks in advance


yeliya raju sapisetty

I need list of banks in India for service tax applicable


manoj lavu palambe
15 April 2013 at 12:57

Credit not shown in 26as

all Respected Experts,
we filed income tax return of our client by showing TDS credit amount Rs. XXX of AY 2009-10, on the basis of TDS certificates but now in scrutiny it is seen that on side of IT the TDS credit was not shown.the TDS is actually deducted by bank U/s 194A

what can i do becoz it is for AY 2009-10 and i have to file rectification for the same

plz give your valuable suggestions





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