OUR CLIENT IS EXPORTER AND CLAIM SERVICE TAX ON EXPENSES INCURRED FOR EXPORT. THERE IS ONE PARTY WHO SENDS US THE DEBIT NOTE IN LIEU OF BILL WHICH CONTAINS OCEAN FRIEGHT, CLEARING AND FORWARDING CHARGES ETC AND CHARGE SERVICE TAX ON IT, BUT ON SUCH DEBIT NOTE PARTY,S SERVICE TAX NUMBER IS NOT MENTION MOREOVER WE CAME TO NOW THAT PARTY IS NOT REGISTERD WITH DEPARTMENT FOR SOME AREAS OF SERVICES WHICH HE IS PROVIDING TO OUR CLIENT. BUT OUR CLIENT IS CLAIMING SUCH SERVICE TAX. SO MY QUESTION IS WAT R THE CONSEQUENCES OF SUCH NON DISCLOUSER OF SERVICE TAX NO. ON THE BILL CUM DEBIT NOTE AND WAT ARE THE CONSEQUENSES OF THAT SERVICES ON WHICH THE PARTY IS NOT REGISTERED WITH SERVICE TAX DEPARTMENT BUT HE CHARGING SERVICE TAX ON SUCH SERVICES.

Notification No. 8/2009 ST. This is wih reference to Rate of Service Tax applicable w.e.f 24-02-2009. One of the vendor has raised the bill for AMC for the month of Feb 09. He raised the bill at the end of Feb with bill dt. 28-02-2009 in that he charged Serice tax @ 12.36. He states that the service was for the full month. Pls guide me whether his chargeability was justify. Whether bill date does not make any differrence? He also state that can he charge service tax @ 12.36% upto 24-02-2009 & 10.30& thereafter till Feb 09 in one single bill. Pls guide.

In addition to above pls explain the taxable envent in service tax. Whether it can be at the time of rendering service/s or date of raising the invoice for considereation.

Pls guide.

our client recieves a material on the basis of performa invoice and entered the material in the store on the basis and details of performa invoice. But the orginal invoice is recieved after around one month {also original bill contains one month later date} and the entry in books of such purchase is made on the basis of such bill due to which the reception of material against such bill recorded in the store one month before the date of original bill. so my ques is wheather such treatment is correct or not.

preferred books for costing and s.m. 4 CA PCC

The term finance market has two area involved :1 is money market and 2 is capital market,

I want to know brife distingtion between money market and capital market.

Regards,
Mahaveer

Can Interim Dividend be paid after the closure of the financial year but before the finalization of the audited accounts by the statutory auditor and approval of audited results by the audit committee and by the Board of Directors

Please tell me what is exact difference between the term 'Circuit' & 'Circuit Breaker'?

Thanks in Advance.

Can a company award restricted stock to its consultants also? Further what would be the tax impact of it as there is no employer employee relationship between the company and the consultant? Also what be the tax implications on the consultant?

please let me know the name of site for getting suggested answer of CS Excutive Programme.OR Mail me Suggested answer.
My e-mail id in pr86shukla@yahoo.co.in

I have come across an assessee whose certain amount of purchases has been disallowed by A.O on the ground that his inspector could not verify the address of the suppliers. But he has not considered the sales made out of those purchases. Consequently he has raised a demand on the base of Bogus Purchases. However all the transactions have been made through bank and is evidenced/verified by AO from the assessee's banker.

Please advise whether the contention of the AO is acceptable. Even so then sales made from such purchases should also not be considered since point to point transaction can be established. Please also favour with the relevent Case Laws(s).