A co. who can claim the MODVAT credit on purchase of Capital goods didnot claim the credit in the year of purchase of the machinery..
Can the claim be utilised in the next year..

A company was incurring capital expenditure for acquiring business rights from year 2006-07 and were treating the same as revenue i.e. not following the AS 26. Now in the year 2008-09 company realised mistake and want to capitalise the same. Whether company should reopen its accounts of last two years or rectify the mistake in the financial statement of 2008-09.

Q.1 An excel file has eight sheets and each sheet contains total amount in numeric. i want to sum of all eight sheets in a new sheet by using an excel formula.

please let me know the formula by which i can summation grand total.

Q.2 i have seen in a excel formula the symbol '^' is used as a part of that formula.
what calculation is possible by using this?

Q.3 what is an array formula?


please help me by answering the above questions.

sankar Chakraborty

i m unable to understand of concept of lifting of corporate veil plz give me some examples on that concept ?

How much time generally is taken for declaring the result of retotalling of PCE pasper requested

A of Kolkata purchases goods from B of Mumbai. While the goods were in transit, A sales the goods to C of Kolkata as E-1 transaction. A and B are registered where as C is not registered and C cannot issue C form.

Q: 1) Whether such sale will be treated as E-1 sale?
2) Whether A can claim CST at Full rate from C?
3) CST to be charged where first sale is effected. Whether A is correct in charging CST at Kolkata?
3) Whether A can issue C form to B and deposit extra CST collected at Kolkata commercial tax dept?

I Have passed my first group of pcc and now want to get admission in ca final on provisional basis.

is it possibe...

one of my friend has told that there is provision to do so...

please reply..

Thanks & Regards
Sandeep Mishra

Dear All,

you are all requested to please advice me on the above mentioned subject.

i have complteted my articeship in dec'02 after that i have not given any exam due some personal reason.

now i want to appear in the exam.

pls advice is it possiable

i have to companies one situated at ludhiana and other branch office situated at delhi we transfer the goods from ludhiana to delhi along with form "F"
i wanted to know is this information about branch tranfer shown in vat return and please also tell me the procedure for this

Hi

I need info on correctness of entries and taking credit

(a) on receipt of invoice Dt. 28th Feb 09
Dr. Expense
dr. ST credit
Cr. creditor account

as of 31st march 09 this amount was not paid

(b) the above amount was paid on 25th april 09

Dr. Creditor account
cr. Bank

(c) at the time of filig quarterly ST return Credit amt for the Journal passed on 28th feb 09 was utilized and net paid

Is the above entry correct.

Thx