CA Vijay Agrawal
01 February 2009 at 18:51

service tax on gta

my client is a factory and has entered into agreement with some agencies to process goods and transport the finished goods to agency. the transportation charges for this both inward and outward are paid by factory but reimbursed by agency after completion. who is liable for service tax on gta whether factory or agency?
supportive legal provision is appreciated


The Dude
01 February 2009 at 18:27

Indian Contracts Act 1872

Please help me solve the following questions given in the study materials. I feel the answers given are wrong.
1. A contracts with B to buy a necklace, believing it is made of pearls whereas in fact it is made of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the error. Now A wants to cancel the contract on the basis of fraud. Which of the following statement is correct?
a. A can cancel the contract alleging fraud.
b. A cannot cancel the contract.
c. A can cancel the contract alleging undue influence.
d. A can claim damages.

According to me the answer is (a) since B was aware that A was mistaken and he does not do anything to correct that error. Therefore this cannot be a case of unlateral mistake of fact but an active concealment of a material fact by B that amounts to fraud. Am I right? Or is the answer(b) as given in the study mat. Plzzz respond


Anil
01 February 2009 at 18:02

NRI remittance to India

If an NRI as per income tax act remitts money earned outside India in foreign currency to his own account in indian currency through an authorised money exchange agent, will such remittance be taxed in India in his hands?

Quote section reference, if any.

Thanks


PARDEEP SINGH
01 February 2009 at 17:15

Service tax refund

Thanks for your repvious information, i also want to know which kind of documents we need to get service tax refund.


PARDEEP SINGH
01 February 2009 at 17:05

Can we refund service Tax

Dear Experts. One of my clients is Manufacturer of utensils they are retailer as well as exporter. they are charged with service tax for ocean freight and clearing & forwarding charget etc. whether they can get refund of the same? whether they can ask the service provider not to charge service tax? Pls clarify.Thanks in advance.


AMRISH PANDIT
01 February 2009 at 16:24

CAS 4 FORMULA

CAN SOMEBODY PROVIDE DETAILS REGARDING VALUATION OF MATERIAL AS PER CENTRAL EXCISE LAW WHERE MATEIAL IS FREE ISSUED BY THE CUSTOMER.


visu iyer
01 February 2009 at 16:12

TDS on Medical Exp

Pl. clarify..
Amount paid by employer for a medical treatment of employee to a HOSPITAL.

Will the amount paid to HOSPITAL is to be covered for TDS u/s.194J @ 11.3% (including Surcharge)

There are two contraversial opinion on this..

I say YES it is to be..
and
Tax liability on the Employee..

Experts .. What do u say..
pl. comment.

God bless U


ArunI
01 February 2009 at 15:02

Addmission of CA Course

Resp. Sir. I am Arun, working as a accountant & have M.Com (a/c) degree. Now, i am interseted in CA course. Could you tell me somthing about CA after graduation. I saw a ICAI website. Plz tell details.


with regards,

arun


visu iyer
01 February 2009 at 15:01

FOREIGN CURRENCY

Pl. advise the tax implication on the payment made to Foreign individual for the services rendered in designing the promo.

Ur fastest reply is welcomed.. please..

God BLESS U


Deepak Gagrani
01 February 2009 at 14:22

Opening Stock

Dear sir

Please give knowladge for opending stock is assets / exp

if expences please give reason


for imporve me knowladge

please give reply

its very urgent


Deepak Gagrani





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