i am accountant in hotel which is under construction. we have received bills from construction comapny which has charged service tax bill. i want to know whether we claim service tax we have paid to const. co if don't capitalized the service tax, after completion of hotel.

Please suggest whether the VAT input can be adjusted against the CST liability.
Please provide the relevant provisions if possible

Thanks

Dear Friends,

My Client is a Software Seller, they buy and sell softwares to colleges and institutions, now their suppliers started charging service tax as well as vat?
how should we charge our customers,

Method 1

Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$

or Method 2

Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$

or Method 3

Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%on(XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ) = $$$


Please Help Me in This Case Many Suppliers Charges in Different Methods Method is been observed in many suppliers Invoices Which is Correct Method For Calculation

SIR


I WANT TO KNOW THAT "WHETHER THE VAT APPLICABLE ON SALE OF OLD VEHICLE" IN SERVICES SECTOR COMPANY.

MY CA HAS SAID THAT VAT WILL BE APPLICABLE ON SALE OF OLD VEHICLE. HOWEVER THE COMPANY DID NOT CHARGE THE VAT ON SALE OF OLD VEHICLES AS YET.

last year the firm did business, that time they claimed depreciation for factory, but this year stoped their manufacturing business and letout the factory premises now this people can claim depreciation for that fatory premises

whether brokerage on sale of capital asset can be paid through cash?whether it can exceed 20000/- ?

EOU is entitled to sell goods in DTA based on previous year performance by payment of duty. Whether a merchant exporter buy the goods as a DTA, export under DEPB and claim rebate of duty. If yes whether rebate amount includes customs duty portion also,

Hello Friends,

Please let me know what will be the status for the following transaction under Income Tax Act?

There are two properties "A" & "B" inherited by the two brothers from their father.

Brother 1 gets Property "A" & Brother 2 gets Property "B". Apart from this, Brother 1 also pays Rs 10,00,000/- to Brother 2.

My Query is What is the nature of the amount paid by way of family settlement and its tax consequences?

Can Salaries and other expenses incurred by a company for its expansion project be capitalised. If yes, whether a part of the salaries can be capitalised and the balance be charged to Profit and Loss Account

Respected Sir
I want Tds rate chart u/s 194 I.e salary and other than salary tds rate for the F.y 2008-09