Dear Haresh,
In such a case billing will be consider as inclusive of Service Tax and Service tax is payable as below:
Billing Amount/(100+ST rate)*ST
-----------------------------------------

I think the liability to pay the service tax arises only when the supplier is registered under service tax. Secondly, it should be mentioned on the bill as " inclusive of service tax".


Pl correct if I am wrong.

HI FRIENDS,
I HAVE RECEIVED A CT-3 FORM FROM 100%EOU. PLEASE TELL ME WHAT IS THE TIME FOR CT-3 TO SUPPLY THE GOODS. THERE IS NOT TIME MENTIONED ON CT-3
THANKS AND REGARDS,
R.DUTTA
rddutta@yahoo.com

is e-payment of direct(income tax,wealth tax) & indirect tax(excise duty,service tax,custom duty) is mandatory for companies.
cant we make the payment manually for Pvt. ltd. companies.

Hi

Please can anybody help me out. PAN available for 24Q is 9o% and requirement is 95% because of that we are unable to validate the return. Is there any solution for the same if yes please let me know. Its very urgent?


Regards,

Deeptha K

Is there any specific norm in Co Act w.r.t Provision for doubtful debts
We rely only on management certification on this. If the mgt certifies debtors > 6 mths as good, is it compulsory for making for provn or can we do away with this.


Pls reply.. little urgent

If the share holding pattern in a privte limited compnay is changed, what is impliction of the carry forward of losses.

Ex: In X , a private limited compnay :A(an individual and director)holding 10% shares, B(an individual and director) holding 10% shares, C(a private limited compnay, 3 directors are representing from C Private limited) holding 80% shares, wants to change the share holding pattern and wants to have all the directors from C Private limited. i.e. both A and B wants to come out of the director ship and all the directors from C Ltd want to become the directors of X private limited compnay and the share holding of A and B is to be reduced to 2% each , X has a carry forwarded loss of over 4 crores for thePrevious year 2007-08. Change in the shareholding pattern how it will effect the carry forwarded losses. As a result of this : Is it possible that X private limited will lose the carry forwarded loss and can not set off against the profits in the current or future years. Please advise

Dear All,

X company had sent 100000 US$ @Rs.40/$ towards share application money in the month of may 08. In February they have received 50000 US$ @ Rs.50/$ towards returning of share application money.

Kindly let us know whether Diffarence of Rs.10/- per USD on 50000 $ needs to be taken as Forex gain or can we credit the same to Share application money account.

Please quote the answer with refarence to AS or any other pronouncement.

Thanks in advance,
Hari Krishna

An individual purchased Gold or silver utensil for household purpose and gold or silver bar or coins, is it debited to jewellery under Balance Sheet or under any other head.

Plz let me know whether the set off of earlier years' losses should be before availing the exemption u/s 10A or after that against the current year profits? Thank you.

DEAR ALL,


AFTER DEDUCTION OF RATE IN SERVICE TAX 12% TO 10 %, IN MONTH OF FEBUARY-09,

PLZ KNOW ME THAT HOW I CAN MAKE A LABOUR CHARGES BILL ( WE PROVIDED A LABOUR WHOLE MONTH)

THANK & REGARD