we have an issue regarding closure of a pvt ltd company which is registered under central excise as manufacturer.
The company has been dormant since past 6 months having declared stock worth 1 crore,
due to the financial crunch we have decided to vacate the rented factory premises, and shift the existing stock to certain storage area.
1.is it necessary to apply for excise registration for the new premises as it comes under different jurisdiction.
2. we are in the urge of closing the company but due to declared stock should we continue with the excise until the stock is dissolved.
BUSINESS 1: WHOLESALE BUSINESS
MVAT COLLECTED ON SALES & MVAT PAID ON PURCHASES MADE IS DONE IN NORMAL MANNER
BUSINESS 2: RETAIL BUSINESS
SALE IS DONE @ MRP
MVAT IS PAID ON PURCHASES MADE FOR RETAIL BUSINESS
QUERRY:1.)WHETHER MVAT PAID ON THE PURCHASES MADE FOR THE RETAIL BUSINESS CAN BE SET-OFF AGAINST THE SALES OF WHOLESALE BUSINESS
2.) CAN THE DEALER DO THE REVERSE CALCULATION OF MRP & BIFURCATE THE MVAT COLLECTED AMOUNT FROM THE TOTAL MRP COLLECTED & THEN SET-OFF THE MVAT PAID ON RETAIL PURCHASES AGAINST THIS MVAT COLLECTION SO BIFURCATED?
Sir/Madam,
X Limited had purchased goods from Y Limited. For that X Limited had used its transport facilities. During the journey to X Limited, the truck was caught by police and they imposed penalty for both drunken drive and heavy load. whether X Limited can claim these expenses as business income? If so under which provision it can be claimed as expenditure?
Sir, Please inform me, whether a Non Airconditioned Restarunt, Non Service Alcohol, can Levy a Service Tax ???? In the Bill issued By Resturant, He has charged Service Tax, But there is No Service Tax Registrartion No. on the same, What should I Do ? I have been forced to pay that amount by the resturant.
Dear sir,
I have done my icwai inter in 2009 in 5 attempt, and in 2012 i completed my m.com, in this period i have one year experience but not valuable because my reporting officer use me just a office boy why i dont know.sir i have not completed my final icwai now i am 26 year old i dont have any relaxation regarding age now i am in very dangerous situation i belief i lost my every and i cant ....
plz plz plz help me bcouse i dont know what i have to do
your suggestion is great importance for me
What is the criteria for making cash flow statement i.e., i wish to know that which type of companies have to prepare cash flow statement mandatorily? Is there any turnover limit or other thing? Please give expert opinion.
IF SILVER UTENSILS ARE USED FOR PERSONAL PURPOSE BY AN INDIVIDUAL, WILL IT ATTRACT WEALTH TAX.
Hi I am working as Contractor with Software company and my consultant charges are 7.5L per annum . From April to mar 2013 I can pay approx. 75-80K as TDS. Can you please clarify Is I am eligible to file for tax returns. and where can I invest so that to get my deducted amount back . I am planning to take Insurance Jan 2013 of preminum 50K per year. Ques: If I pay 50K in 2013 to Insurance , how much I will get from deducted amount . 2) Can I file the Room Agreement papers . If I paid 15K*12 = 180000 as room rent How much I can get from this : Total : Investment 50K(insurance) 1.8K(room rent) Tax deducted 80 K How much I can get back to my account :) Thanks in advance
Dear Expert,
My friend had obtained Service Tax registration under WCT service & Interior decorator.
Now he wants to obtain S.T. registration under CIVIL work.
what is the procedure to take new S.T. registration under CIVIL work?
Can we alter the exsiting S.T.-2 certificate in order to add one more service i.e. Civil??
pls express your opinion??
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