A vendor in his individual capacity collects service tax but fails to remit the same to the revenue because of not getting the ST registration done.After two months,he then wants to pay back the client this service tax money since he still does not have a service tax registration number.What are the repercussions?Meanwhile he has set up a Co which has ST registration.Can he transfer this billing to the new Co and remit the ST (with/without interest?)?

sir my client is IOCL mathura refinery, they are not capitalising RO plant as a single plant & machinery. they are capitalising it in sub parts saying that all its components are seperately identifiable. Is it a right accounting treatment?

Dear Sirs

What is the correct status on trade rebate, turnover discounts received from a distributor by a dealer is treated? Will it attract service tax payable by the dealer?
Also the dealer gets performance bonuses like free foreign trips based on his purchase targets - how this incentive/gift etc is treated under tax laws ? will it also attract a value as income and service tax and income tax payable on them, pl clarify

I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?

Please replay me as soon as possible

I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?

Please replay me as soon as possible

Hello sir,
I am a C.A finalist who has cleared the 1st group and am to appear for the second in the upcoming June exams,
(1) I would like to know that if i had to per sue any other course along with C.A which one should it be MBA or CS, and should I get registered right now so as to avoid the time span for the first exams of such course.

(2)If not from the above 2 courses,than which course according to u should I per sue and where can i get the details of such course.

I would be completing my articleship in Oct.2009.Pls do reply keeping the above factor in view.
Hoping for a reply.

Thanking u
regards

Dear Sir,

I want to ask a question that we pay GTA (Good Transport Service) @ 3.09%.

I am confuse that what will be entry in this matter for example :

We redeive a bill of 1,00,000/- of Goods Transport Service by Road and We pay Service Tax on this 3.09% AFter abatement. Please tell me where I put this expense ( which ledger )

Thanking You

Sunil Kumar Bindal
E-Mail : sunil_kumar10520@yahoo.com

I WANT TO KNOW THAT IN A PVT COMPANY THERE IS REQUIREMENT TWO DIRECTORS ARE NRI OR THERE IS COMPLUSION ONE INDIAN DIRECTOR IS INDIAN

how much maximum PF can be deducted from a salary or how much maximum basic salary could be given to a person to deduct the maximum PF?

Dear Sir,

How works Form 403 ?
What is the Purpose behind using this form ?


Thanks

Vijay