Boeing has awarded a contract to an Indian manufacturer for supply of aircraft components. Accordingly, the manufacturer makes the capital investment in machinery required for manufacture of the components. One of the terms of the contract is that if Boeing terminates the contract w.r.t. supply of components, then Boeing shall reimburse the capital expenses to the manufacturer by way of instalments. Whether service tax would be applicable on such amount paid by Boeing and if yes, what will be the point of taxation w.r.t. the same?

Dear Anyone,

We have newly started a Hotel. For the first year of our company. We are running in a loss of profit.

How to take a User Name and Password for IT returns. Which site and what are procedures are required.

Plz Guide me.

Dear Experts,

Can we take Cenvat Credit in case of payment of Service tax on reverse charge?

As we are service receipient and pay the service tax as recipient on Reverse charges like Freight on transport of goods by road, Rent a cab and Security services? Now my question is can we take Cenvat Credit against the payment of Service Tax as we are only Service Recipient not Service Provider?

I want to take credit of Service tax amount which i paid on Telephone Expenses and Profession expenses?

Please clerify me?
Thanks in Advance..

If an employee is appointed as a director in a private company, then will it be sufficient if SR is passed approving the said appointment or CG approval will also be needed?

Hi friends,

Can anybody guide - Do we need to file the minutes of first board meeting with ROC in case of public limited company.

If yes, please guide about the form number

Thanks

Sir,

I purchased NSC for Rs.1,00,000/- in May 2007.
I did not know that I can take accrued interest for tax exemption all these years and have not claimed all these years.

My question is:

Can I claim rebate in fy 2012-13 for the last 6 years?

we are finalising balance sheet of a private limited company which is incorporated in January 2012. We have prepared revised sch VI for 15 months as on 31.03.2013.
Whether we have to prepare two balance sheets for tax audit purpose i.e. from Jan 12 to Mar 12 and from 1.4.12 to 31.03.13.
Whether we are required to give tax audit report in form no 3CA or 3CB as the period of balance sheet is different under co act and under IT act.
What heading we should give for previous year column?

Dear Experts,

Please Suugest me Best Book for CA Final - Indirect tax.

I want to do Comprehensive study as i like the subject as it is my favourite one.

Please Provide me Your Valuable Suggestion.

Thank in advance.

Can any one explain me in precise ,what is meant by capital consumption

Hi all, If the Service Provider charges 12.36% st on 30% of the total amount...the effective rate of tax would come upto 3.708%. My doubt is should both the service provider and the service receiver should pay 3.708% each( under works contract reverse charge mechanism 50:50) or should it be just 50% of 3.708%? The calculation is as follows:

Total amount of invoice- 465186

Service Tax 12.36% on 30% of Total amount- Rs.17249.10

My question is what would be the amount of ST payable by the service receiver under reverse charge mechanism?

Thankyou