Dear Sir,

What is rate of services tas should be charges on advertising agencies.
Second he charge services tax to party 8%. (on profit of margin 15%) b’coz publication given advertisement agencies 15% margin on bill.

For example.

Bill Amount Rs. (To Party) 10000
given Discount to party 7%
(out of 15%) 700
After Dis. 9300
(profit of Margin 15% Rs.1395)
Services Tax 8% 111.6 117

Total Bill Amount Rs. 9417


(Profit of Margin 15% Less discount 7% Balance Margin 8%)
This is possible.

Sir Please Reply.

Sakhare

Dear Expert,

A SSI unit choosed the option of availing exemption of not paying duty upto Taxable T-O of Rs.1.5 Cr, but done purchase of bulk raw materials which will be used as inputs for output Taxable T-O of Rs.5 Cr. In that case can the unit is eligible to take cenvat credit proportionately on inputs used in the manufacturing Taxable T-O over and above 1.5 Cr exemption limit even though purchased at the beginning of production. If yes please quote the relevant statutory provisions.

Thanks & Regards,
Gopi

We had applied for Excise Registration 2 weeks back and then we imported some goods.

Now we have received our Excise Registration No and also the imported goods has arrived on the same date of getting Registration No. Can we avail cenvat credit on the above import?

Kindly clarify at the earliest.

A RESIDENT AND ORDINARILY RESIDENT MADE SOME LOSSESS BY TRADING IN USA SHARE MARKET THEN CAN HE SETOFF THIS LOSS, IF YES THEN WHISH HEAD?

THINKING YOU
SAMPAD MOHANTY

Hi,

I need clarification on the following two terminologies used in banking:
1. Drafts sent on clearing
2. Drafts received on clearing

Please reply asap.


thanks & regards,
Sonia

SIR
IT IS VERY MUCH DIFFICULT TO GET REGISTERED UNDER SOCIETY ACT TO CREATE A NGO. MY QUESTION IS CAN WE REGISTERE A NGO UNDER TRUST ACT AND AVAIL ALL BENEFITS INCLUDING GOVT. AID.
THANKING YOU
SAMPAD MOHANTY

While making a e-payment for Interest for Mr A, we had mistakenly entered ST regn of Mr B and processed the payment.
Pl. advise:-
1. if this payment can be adjusted to the
credit of Mr A.
2. if the payment can be adjusted with
regular ST liability in future (not
interest).

We have purchased Tally new version and other software so in what Head name it should be entered in books and what nature of this head ? and if assets then we can charge dep on it and if yes then in what rate? Thanks in advance

whether interest payable for advances received from debtor who is a PSU being a Govt.Co. is liable to deduction of Tax at Source.If not,whether the said payment is allowable as business expenditure.

HI EXPERT
I HAVE PROPRIETOR SHIP FIRM FOR WHICH I PREPARE TWO BALANCE SHEET ONE FOR BUSINESS AND SECOND FOR PROPRIETOR'S OWN BALANCE SHEET
MY QUESTION IS WHICH BALANCE SHEET I HAVE TO PENNED IN ITR 4