Dear All,

I want to know that whether the meaning of "aggregate value not exceeding 10 lakhs". we are in the business of manufacturing & trading not a service provider but now we are going to renting our a immovable property to a company...our turnover in previous year is more than 10 lakhs without rental income. so, what will be the service tax applicable on us or not..our rental income will be 9,60,000.00 p.a.?
Pls help.

Kindly advice me as to whether mutual funds are included in the limit of investment under section 372A of the companies act 1956

sir,
we have despatched our finishid good to customer,
by some fault thisgoods are not working properly and customer return back to us for replacement new goods.
my question is
1 our sister unint has despatched this good under epcg lic and advance lic and take a refund of excise duty.
2. now this goods receipt at our second unit for replace .
3 now under waranty period we are liable to replace this defective goods, and we agree to replace,
4 sir, what can i do for this new goods despatched to customers?
can i credited cenvat which is we are alreaded claimed and got refund,
can i debited excise duty at the time of despatche new goods to this customer ?

pl advice sir
joshi p.p.

if a NRI INVEST OR LEND MONEY TO PRIVATE LIMITED COMPANY IN INDIA, AND THE COMPANY PAID HIM INTEREST FOR SUCH LOAN THEN WHAT IS THE PERCENTAGE OF TDS IS DEDUCTED. AND ALSO --IS THEY HAVE PAN NO.?
-HOW TO MAKE RETURN FOR TDS DEDUCTED OF NRIs?

PLEASE HELP ME ITS VERY VERY URGENT FOR ME...

Dear All,

We are paying commission, cash discount, rebate to our Agents on behalf of customers. since he makes the payment on their behalf.for commission Agent is raising service tax bills on us. for which we are accounting and deducting TDS.

For Cash Discount and rebate we are getting bills from Agent without service tax added on it.

But in the recent changes in service tax in the negative list whatever may be the income to agents( receiver ) he needs to add service tax on bills and remit to the government.

Now the Agents in order to avoid service tax on his bills against us he wants us to give the Cash discount and rebate as Interest to him. since he arranges financial facilites from Bank and paying us the amount within due days.

Can we give the Cash Discount and Rebates as Interest payment to Agents. Kindly clarify.

Thanking you,

N.Nagarajan
M.No: 9442594927

Is purchase return shown in VAT? If shown, then what is the process of showing it?

Hi All,
First of All Hearty Greeting for the coming New Year 2013.

We are into heavy lifting and erection. One of our project was in a recognized SEZ. For this project we have imported services from foreign entities. the services are wholly consumed and utilsed for the SEZ project.

Now the question is, whether we are liable to pay service tax under reverse charge for these imported services which are wholly utilised for the SEZ project.

The services were imported and utilsed during the period F.Y. 2007-08 and 2008-09

Kindly provide your valuable suggestions

Thanks & Regards
Elroy

One company is reliance and other is abc co. Avg Collctn Period (acp) of reliance 50 days and 30 days of abc co.? So which you prefer and why?

Pls reply

Sir,
We are a manufacturing company, as part of expansion, we have availed Term loan and working capital loan from a bank.
We have paid processing fees towards disbursement of the loan.
Can we take credit on the service tax paid for the above mentioned loans?

could additional evidences be produced before commissionar u/s 264 on reasonable ground?