Hi Friends,

Please advise me,what is the TurnOver limit for filing of Form -240 Fy-11-12.

Beacusse we have to file 240 befor 31st Dec-12.


Thanks& Regards,
Mithun

We are a 100% EOU, having 1 office in Mumbai (which was registered with the CENVAT authorities in April 1995).

We recently took a New Office on lease from Sept '11. We applied for a Centralized Registration to cover this Unit in Aug '12 ONLY.

In Sept 12, we have applied for CENVAT refund for the period Sept '11 to March '12.

We have been informed by the Refund Department that the Input CENVAT Credit pertaining to Expenses of the New Unit (for any period prior to Centralized Registration ie. August '12) is NOT ELIGIBLE for refund since this Unit has been registered only in Aug 12.

Queries:
1. Could you please let me know if such CENVAT can be claimed as refund at all?
2. Whether we will have to appeal against the Order whenever it is passed?
3. Is there any precedence / Case laws wherein the above scenario is covered and under which the amount can be claimed as a Refund by us?

Appreciate your guidance in the above matter.

Thanks in advance..
Raj

We have taken a car for loan basis. I want the entries to be made.

Car value - Rs.16,00,000-00
Down payment we have paid to showroom - Rs.4,00,000-00
Loan From Fiance Co - Rs.12,00,000-00

We have also paid processing fee Rs.14,000/- to Finance company and one installment of Rs.39000/-.
Please how I have to make the entries in the books of accounts. Please give individual entries and reply

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Once Service tax is paid, the same can be taken as input for meeting our Service Tax liability.

My Query is that During the month of April 2012, i have imported Service for which the Service Tax as a Service Receiver is paid on 5th of May 2012.

Can i take this Service tax paid on Import Services as input credit for the liability of the month of April 2012 or May 2012?

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Sir,
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thanx in advance

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Regards

Hi Ours is Ltd Co. if cash in place of food coupon given by company, TDS applicable? Is it like canteen allowance.

Whether loan taken from individual is eligible for deduction u/s 80C. Also state the list of persons from whom loan taken for housing loan are eligible for such deduction and interest u/s 24(b).

Please advise.