Can we take CENVAT credit/ VAT credit in respect of R & D related expenses.

The educational institue where I am working imparts MBA and affliated to JNTU university. Apart from this,small consultancy and training programes are conducted. Now the question is whether we are coming in the net of Service tax for training and MBA. Please clarify.

vittal rao

As per Sec. 3 a pvt.company which is the subsidiary of a Limited company also covers under in same ambit i.e means pvt.co. also a public co. . In such a case minimum how many members required for that Pvt.co. whther 2 or 7.

& what about other compliance like a public co.

A notice was not served properly and prosecution started by IT dept. Are there Court decisions on the matter?

how to prepare for accounts of ca pe-II? IS THERE ANY PATTERN OF PAPER ?FROM WHICH CHAPTER I SHOULD START ?

my Client is having contract of suppling electricity from DG set and principal is deducting TDS @ 10% is this correct as i had not given DG Set on hire. kindly reply with authentic rule and section.


Himanshu

whether criteria laid down by the board Is it applicable for return related to F.Y. 2006-2007 OR 2007-2008

One business concern normally takes Car on hiring basis. So TDS should be deducted as payment to contractor or payment for rent of use plant & machinery.

My client is a caterer and he is avinling 50% abaitment on supply of food and Catering Servie. but he is showing the sale of food sapretly and Catering service seprately in a single bill. and paying sales tax on sale of food amount. the food portion is about 80% and Service Prtion is only 20% but department is providing abatement only 50%.
now my qussion is as under:-

1. weather he shall charge service tax on only catering service when food is billied sapretly in single bill and trade tax is paid on it.

2. whether abatement is allowed 50%when both supply and service are single biled and saprate figures.

Himanshu Tandon
Advocate

WHAT IS THE TRAATMENT OF SERVICE TAX PAID ON FREIGHT OUTWARD AND FREIGHT INWARDIN CASE WHEN THE PAYMENT OF SERVICE TAX IS MADE BY THE COMPANY AND NOT THE TRANSPORTER.WHETHER COMPANY IS ELIGIBLE TO TAKE SERVICE TAX CREDIT ON FREIGHT INWARD OR FREIGHT OUTWARD OR BOTH?