If a Transporter Charged Freight (Not incl. Service Tax)
Half of the amount is to pay and half is paid by Supplier.
Then Who's Lability to pay Service Tax &??
a. Supplier
b. Transporter
c. Customer
Who will be Deduct TDS???
a. Supplier
b. Customer

If we are giving movable property on rent to any other person then the VAT Act is applicable under right to use act

In Vat act that was specifically mentioned that VAT is applicable on giving right to use movable property

but all the big entities likw MTNL , Airtel are not charging VAT on giving modem on rent

both the companies are charging service tax on there but not charging VAT on rent .

Please tell me its important for me its urgent

any circular , notification etc which giving waiver or exemtion

plese directly mail to lkhurana@smxglobal.com

or

lalitkhurana786@yahoo.com

Thanxs

lalit khurana

Whether company can charge service tax on the amount of stamp duty included in invoice?
e.g.
Basic Freight Rs. 10,000
Insurance Rs. 2,000
Stamp Duty paid to Govt (Based on Basic Freight) Rs. 1,000
Sub Total Rs. 13,000
Add : Service Tax Rs. 1,607
Total Rs. 14,607

Whether it amounts to charging tax on tax?

can we uploade the form 32 for resignation of Director without approval of the Board though the resignation letter of the Director.

Sir,
i am the one and only articled assistant in my firm.My firm is newly established firm
from monday onwards i am going to internal audit of one real estate company.this first audit for me
please advice in which areas i have to be focus and which types of expenditure we have and which acts and taxes will be applicable please advice me.


thanks and
regards
bandari.

Dear Experts

We are the traders in Karnataka State Registered under KVAT Act - Bangalore.

we have to export of Basmathi Rice from Punjab State / Andra Pradesh State. Shipment will go through Maharastra State - Mumbai Port (We are in Karnataka-Bangalore)


what is the implecation of VAT / Transport / Entry Tax / Other any statutories.


pls suggest me......

Dear Experts

We are the traders in Karnataka State Registered under KVAT Act - Bangalore.

we have to export of Basmathi Rice from Punjab State / Andra Pradesh State. Shipment will go through Maharastra State - Mumbai Port (We are in Karnataka-Bangalore)


what is the implecation of VAT / Transport / Entry Tax / Other any statutories.



pls suggest me......

We are an STPI Pvt ltd Co. & operate within a custom bonded warehouse. One of our director is also running his own prop. firm some where else.

Now He wants to shift his prop firm to our bonded office. is it possible that he may operate from a separate identified space within our office itself?

Just to tell you that his prop firm not doing any STPI activity.

Please clarify.

Subhash

There is 3 directors in the B Ltd and 2 of them are also director in the A Pvt. Ltd.Can only from the point of mejority of Directors B ltd is Subsidery of A pvt. Ltd.

A closely-held company was engaged in the business of financing and trading in cloth. However, no business activities were carried out during the year (except investments in F.D.).

Income by way of dividend (exempt) and interest on FDR (income from other sources).

Whether the expenses incurred during the year (for existence of the company) such as audit fees, filing fees, accounting charges, bank charges etc. can be claimed to arrive at business loss?

Can such loss be set-off against income from other sources (interest on FDR)?

Can interest on FDR be treated as business income, on the grounds that the company is engaged in the business of financing?

Thanks & Regards,
Niki