is there any need to get the limited review report signed by both the auditors if the company has a joint statutory auditors.

if yes...is it written anywhere in this context..plz suggest its urgent

Company is paying rent amounted for Rs.9000/-. In addition to rent Rs.4000/- has been paid as electricity charges.
Please advice whether TDS would be deducted us 194 I on whole amount (Rs. 13000)

Regards

Yogesh

Dear Experts,

We have registered dealer under the Delhi Vat Act 2004 and Central Sales TAx Act 1956. We have filling the quarterlly return both Dvat & CST Act on regular basis, but one invoice raised against central sales @ 12.5%, we have wrongly considered in the return by twice bare in the IIIrd quarter & IVth quarter (i.e. accounting year 2007-08) and thereafter deposit the excess tax under the CST Act 1956. Please give me advice, How can take the credit under the CST Act 1956, whether option is that, CST credit to be carried forward to next quarter or Financial Year.

We undertake jobs on EPC basis classified as taxable service classified under 65 (105) (zzzza) explanation (e).

All our jobs are for State Govt. departments or for local authorities for Irrigation or for Water supply schemes / sewage disposal schemes.

Prior to this classification, we used to discharge service tax for the taxable services like Erection, Commissioning & Installation, Consulting Engineer Services etc, for the labour component involved in the contract. Considering the fact that these buildings are not used for commerce or industry, the civil services were treated by us as exempted service.

Now, under the revised classification of WCT services, the valuation of gross taxable service would be Total value of the contract less transfer of property in goods + relevant VAT.

The query is explained mathematically as under:

Total contract value 100.00
Less: Transfer of property
In material + relevant VAT 90.00

Gross value of service 10.00

The Rs.90.00 deducted above includes Rs.20.00 as the Civil portion of the contract, the break-up of Rs.20.00 is material + relevant VAT + labour + margin. My query is whether this Rs.20.00 will be exigible to tax under the service tax scheme because of the classification, i.e. Works Contract Services, even though the proposed civil structure is not going to be used for commerce or industry.

Thanks.

Hi,

I have 2year Accounts Experience. I have listen about Forensic Accounting course.

Can some Explain me for that ?
What is future with that Course?
What are charges of that course?

Please reply me

I am Registered under M. Vat. We are chargine 4% Vat on our product i.e. Carbon Dioxide Gas (Industrial Gases). If I sale the same product to Unregistered party then what is the Rate to be Charged i.e. 4% or more. What about that, when i will file Vat Return? Shall i claim set off or not

Hi Sir / Madam

I have some confusion in cash payment.
As per my knowledge if payment is above Rs 5000/- then we have to paste revenue stamp & get voucher signed by the receiver & if amount is below than Rs 5000/- then it is not necessary to paste revenue stamp on it. But somebody told me that the limit is Rs 2500/- So I am confused in these amounts.

So Can anybody tell me what is the correct answer.

And If it is Rs 5000/- then how can I proove my Point. i have to Show them something to proove my point.

Regards
Anil

I have paid cheque to my vendor of 40,000/- against the opening balance from the same vendor I have got some bill of processing charges which is less than 15000/-, is there any liability of TDS under section 194C.

Dear All,

Anyone having any article regarding Accounting of Software companies (MNC) especially for GL Accounting (i.e.nature of transactions,process involved etc). Please forward me immediately.

Thank....

Is Hostel fees collected by a Commecrial Coaching Centre liable for Service tax...Invoice is raised in the name of the student for tuition fees and hostel fee separately...u can easily bifurcate the tuition fees and hostel fees separately...

Joint Commissioner of Central Excise , customs and Service tax has issued a show cause notice for payment of service tax on Hostel fees collected also...it is tenable or not...