ALMOST ALL OUR SALES ARE INTERSTATE AND THE PURCHASES-NEARLY 60% ARE MADE LOCALLY.
SINCE OUR INPUTS ATTRACT 4%/12.50% VAT WE ARE INVARIABLY APPLYING FOR A REFUND. THE CST IS TO BE PHASED OUT IN ANOTHER TWO YEARS. AND IN SUCH A SCENERIO THE ENTIRE AMOUNT OF VAT PAID BY US IS ELIGIBLE FOR REFUND AS CENTRAL SALES WILL BE ZERO RATED. IS MY ASSUMPTION CORRECT?

When we send spares,parts etc. free of charge during the warranty period (these were not included while valuation) do we need to debit excise? also, please clarify in case of a debit do we need to raise invoices indicating free of charge?

Whether TDS should be deducted on room rent paid to Hotel.

As per the circular No. 5/2002 issued by CBDT on 30.07.2002 rent means " any payment, by whatever name called under any lease or any agreement or arrangement for the use of any land."

The department also emphasised that payment made to hotels for hotel accommodation, whether in the nature of lease or licence agreement are covered so long as such accommodation has been taken on regular basis.

But if there is no agreement between both the parties,and room is hired not on daily basis, then whether TDS should be deducted?

What do you mean by regular basis?

Whether TDS should be deducted on room rent paid to Hotel.

As per the circular No. 5/2002 issued by CBDT on 30.07.2002 rent means " any payment, by whatever name called under any lease or any agreement or arrangement for the use of any land."

The department also emphasised that payment made to hotels for hotel accommodation, whether in the nature of lease or licence agreement are covered so long as such accommodation has been taken on regular basis.

But if there is no agreement between both the parties,and room is hired not on daily basis, then whether TDS should be deducted?

What do you mean by regular basis?

Hi,

I have range of cells with forumula which have references to other cells.

For example:: In cell A1 I have forumula "=B1*C1"

In cell A2 I have forumla" =B2*C2"

I want to select these two cells A1 and A2 and make forumulas in them permanent.

For example I want in cell A1 I want the forumula to be "=$B$1*$C$1" and so forth.

How to do this in one stroke for all selected cells. Is there any shortcuts for adding $ sign in formulas in cells?

Thanks

hi..
my company paid to doctor twowards fees Rs. 100000/- so surcharge is applicable when we deducted Tds on this amount U/s 194J

Dear Sir,

One of My Client manfacturing seeds and the goods are not excisable and the company purchasing capital items on which excise duty is paying

There is no Outflow of Excise and Customs duty payble from the company

The Company is paying Service Tax under GTA

Shall we offset the Cenvat Credit on Excise duty is to Service Tax payble on GTA

Note : Service Receiver has to pay the Service Tax on GTA

Thanking you

I nneed some case laws on 194H of IT Act... TDS on commission received by non-executive directors.If any one have do provide ASAP.

Why it is necessary to maintain BRS? Give answer in weightage of 20 Marks Or with refrence to 20% Of Any exam.

One of our subsidiaries is located in Andhra Pradesh. It Purchases inputs locally but all its sales come under the purview of central Sales tax. Can Somebody tell me as to hoe much vat input credit can be availed under the Andhra Pradesh Vat ACT ?