The company is manufacturer and engaged in project industries(As companies HO, Factory and sites are situated at different states. Company is service provider under the category of Errection, commissioning and this service they provide from their sites. Manufactured goods from factory are used at sites and the final product manufactured at site is immovable.) company is availing service tax set off on all services received at HO, all the sites and factory, for payment of excise duty on goods removed from factory. Is company eligible for such service tax set off availment and utilization. (is set off of services received at site can be utilized for payment of excise duty on goods removed from factory, as there is no relation between input service and manufactured goods) Can company use Service Distributor concept and transfer the Service tax set off to the factory, and utilize that service tax set off for payment of excise duty.
Please provide your inputs respect of reversal of Cenvat credit, availed on capital goods, at the time of retirement of asset: Case1: Capital Asset (useful life 4 years) is retired within 1 year of its acquisition? Case2: Capital Asset (useful life 4 years) is retired after 2 years but less than 4 years? Case3: Capital Asset (useful life 4 years) is retired after its useful life i.e. 4 years? As per second proviso of Rule 3(5) of Credit Rules: "Provided also that if the capital goods, on which CENVAT Credit has been taken, are removed after being used, the manufacturer or provider of output service shall pay an amount equal to the CENVAT Credit taken on the said capital goods reduced by 2.5 per cent for each quarter of a year or part thereof from the date of taking the Cenvat Credit". What will be impact of this proviso in above mentioned cases?
I am working in a mall. We provide electricity through generator to our customers (Shopkeepers). For this we generate the electricity bill. Can we are liable to charge the Service Tax also.
Can we take the cenvat credit of composite bills (Who charge the service tax on lower rate)
if we have made a contract for making of video file for our commercial project its inclusive of (3d animation) is applicable for deduction of TDS 11.33% at source is right or wrong. total contract value is more then 150000/-
regards
Ravinder
Hi, Can any one provide me SAP manual guide which provide how to start work from SAP FICO module. Thanks in advance.
if i m taking transfer and i want to go Banglore or any where.Is it necessary to inform it to the principle by way of any form.
Or
I just wnat to fill form 108/109 and rest of the thigs to be done by me
my client has owned one commercial Complex last year . one Tenant made many problems to vacate our shop.from my client's building .After legal movement both persons made Memorandum of understanding as my client to pay Rs 1.25 lakhs to the tenant for vacate our shop.my client has paid the amount.by DD hence i request you to that this amount has been Claimable as a loss from house property income .it possible . & Tax treatement in any other
Int is paid to a canadian Co. from an Indian Co. And my query is that is Indian Co. liable to deduct TDS at payment of remittance according to TAX TREATIES between both companies
When a company is acquired and goodwill is created shud that goodwill be depreciated under IT Act? if yes then at wat rate?
Purvi
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Form no 32 of roc