Sir,

Query No.1 : One of our client has paid sometimes excess service tax and sometimes short service tax and the same is reconciled at the time of filing the half yearly ST3 return. Now the Service tax audit is conducted and again the figures are not reconciling because bank reconciliation is done after the completion of one year. We are requesting the department to adjust the excess & shortage service tax appearing after the bank reconciliation but they are not agreeing to it. They are of the opinion that you pay the shortage and claim refund of the excess. The period for claiming of refund is one year and my major claim gets lapsed. Pls suggest if there are any case laws in our favour so that on basis of natural justice we can get the adjustment done.

Query No.2: Whether weighbridge charges are taxable under any category of service tax?

if a business entity take a contract of trunkey project. ie fabrication, irrection ad commissioning of complete plant at site in which all material labour are provided by the receiver of contract.

in this stituation what are the implecations of direct & indirect taxes for the contractor. whether on this supply of plant central excise is applicable or service tax is applicable. pls give detailed opinion on this.

regards
ashish mittal

Is there any tax planning that can be made on car allowance for the salaried employees, if so how can we plan

Dear Sir,

Please send the detail of tally to excel . send converter / procedure file for tally to excel.

Awating your prompt reply.

Regards,

Ms. Krishna

Hello, I read Mr. samish's query posted on 26/08/07 regarding pre-operative expenses, and also response to this query posted on 27/8/07.I have doubt in case of treatment of pre-operative expenses which is of a revenue nature.As I understand AS -26(para 56), it should not be amortised over 3-5 years. It has to be written off in the year in which it is incurred. Please clarify on the same.

What is the standard procedure that is to be followed for doing audit under K VAT, Whom we have to approach for doing the audit( either Sales tax department will allot the audit for CA Firm, or individuals below tax limit who approach only should be audited. please answer the quiery it is emergency

Dear Sir,

Kindly clarify whether the dividend received by the Indian holding company from the overseas wholly owned subsidiary in China , is taxable in India ? If yes, what is the rate of tax ? Please reply with details of sections.

Thanks & regards,

Hemant A.Thakker

If a partnership firm gets converted to pvt ltd. co and suppose everything is unchanged except that capital of Rs. 8lacs is not there in luie of that shares of Rs. 5lacs are issued, what will be done of bal 3 lacs. will there be a reseve,if yes what reserve, and if no reserve then how will b/s tally?
Thank you

i want to know that recently there was a notice that builders are exempt from service tax, is it true, if yes can anyone provide me the reference for the notice.
Thank you

Is tax audit u/s 44AB of IT Act applied in case of investment company which is invloved in making investments in shares and securities for the purpose of dividend erning. If dividend income forms major part of its income from operation which exceed Rs.40L.

Pl. reply urgently.

Rgds,

Hetal Shah