CA ROHIT KUMAR SAMAR

Whether service tax is applicable on rent of diesel generating set


Bhargav

Sir,
We are a Residential Township Construction Company.

There are two companies under our group.
Company A is under obligation to build the Infrastructure for Company B after which Company B will build the Houses.

Now at the time of issuing infrastructure construction bills, I encounter with the following queries.

1 Company A used both labour & materials for building infrastructure. How we should raise the bill? Are VAT & Service Tax both applicable? How should we calculate both of them?

2 If Company A charges both VAT & ST in bills, will Company B be able to take input credit in its ongoing activites?

3 Plz suggest any special provision, if any hit us anyways..

4 I have heard about WCT/WSC. Do we come under this?

We are in Gujarat

Plz suggest in detail…

Bhargav
97277 07911


deepak kumar
20 December 2008 at 17:35

service tax

sir/madam
can be utilize the cenvat credit of professional services received for the payment of service tax on transport services received(which is covered under reverse charge)


s v rajesh
20 December 2008 at 17:24

Loss from Owing and maintaining Horses

can a loss from Owing and maintaining Horses can be set off against other income (inter source)

or can it be carry forward to how many years

under which section


shivam
20 December 2008 at 17:22

slump sale

what is slump sale?what are the provision in income tax act relating to slump sale?
Is slump sale liable for sales tax?


Binta Paul
20 December 2008 at 17:05

Details of ARE 2

Is it necessary that a separate numbering is needed for ARE 2 as compared to ARE 1.Or shall I give the continuation no. of ARE1 for ARE2.

Also What are the documents to be collected by the nanufacturer if he is billing the products manufactured by him in FORM H.


YOGESH GUPTA
20 December 2008 at 16:34

Credit notes to clients

We have finalised and submitted the half yearly return but for certain services we have to issue credit notes to clients.

What would be treatment of credit notes against services to clients

Regard


RITU GARG

is tds to be deducted on interest charged by india bulls finance services ltd.


poonam
20 December 2008 at 15:57

fixed assets

we have purchased office Equipment & its supervision & service charges should be capitalised


Santosh Kumar Kar

There are two companies ;Company-1. an established pvt. mfg. company having a business potential of 30-35 crore ( having production capacity to double) and assets value of Rs,10-15 core. Company-2. is a newly formed ltd. compny in business is less then two year and turnover is around 5-6 crore. Is it correct to make the company-1 to subsidiary of company-2( which is a ltd. company).
Can any one suggest me a correct answer! if not what best thing can be done in view of a public issue in future?





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