We r merchant exporter, we pay commission to foreign based commision agents & upon that we pay service tax under business Auxillary services.

we r not adjusting this service tax. The shipping companies & also other parties charging service tax to us for service they offer.

so my query is how we can take the set off of this service tax. we r paying service tax under business Auxillary services & we r not adjusting this ser. tax against service tax charged to us.

how i can adjust service tax which other companies r charging to us.

as we r merchant exporter we cant set off against excise duty.

Sir,

I am a CA Final student. I have entered into a contract for doing accounting works, taxation etc for the years 2007-2008 and 2008-2009, which is clearly mentioned in the MOU in company's official letter head signed by a Director on Company's behalf, with a construction company and they failed far before the current recession due to mismanagement. They were paying me part payments towards contract amount, a fixed sum, upto December 2008. Thereafter no payments made. My contract period ended on 31.03.2009. Now more than half of the amount is due from them. Now the construction works are taken over by some other person who had acquired major shares in this company joined as Managing Director. For ease of usage, I'm calling it as "New Company". Now what the previous company says is 'Your work is related to the stage of progress of construction and construction is only half the way and your payment will be half of the contract amount already agreed. My stand is why I should lose when they failed due to their own mistakes. Now what I did is I told them It will not be possible for me to hand over the works already done and work further for which they are not paying. The work site was laid down till May First week 2009 and I was not able to work in the office. Now the new company has their own accountant and staff and is not willing to employ me further. But I have completed the entries upto which the work site was functioning. I had applied for the Accounting Technician Certificate from the Institute. Then whether I'll be eligible to apply a lien on the works I have done like auditor's lien? All the works are lying with the office of the company. But I have not revealed the security password for the works I have done. It's a private limited company. They have not filed audited accounts for the year ended on 31 March 2008 for reasons beyond my control. Now whether I can exercise lien (by not revealing password) over the works I already done? Is my stand right? Whether there is any solution for this? The new company is willing to pay me the sum since they want opening balances. But they'll be deducting from the consideration due to the old company from them, for which the old company is not willing to. Please help

i want to know that is there any provision for adjustment of excess service tax paid for the month of march 2009 in future where company is following the method where it does not take input credit rather 25% of total services are taxed by the company and the amount calculated is deposited.

Sirs,

We are planning to start a trust for the welfare of the society as a non-profit organisation. Per this kindly help me with the checklist/procedure for starting a trust company and maintaining the book of accounts.

Thanks Samrat

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Ansssssss Plsssssssss

Hello,

I have a Query about the issue of New Form 16 & Form 16A, it is said that it is for AY 2009-10, but in this year there were no UTN No. or TIN No. with the assessees who were paying the tax and uptil now new forms are no provided by the government it is true that format is provided but what about the UTN Nos. Please clarify the topic b'coz it is completely complexed & confusing
Thanks..

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