Plz tell me how to treat Subsidy Received due to export of Sugar.
it has been given by Sugar Mill to us because of purchase from him during the year, FROM THEA SAME MILL

Respected Members
I have a problem in respect of payment of service tax as i rose bill for the estimate amount(including some non-taxable services) but the customer approve appoxmitely 90% of bill amount(not specifying the approved details),Now the question is can i get any concession in service tax payment or i have to pay the entire billed service tax amount?

Mr. A – Land owner.



Mr. B – Has taken land on rent from Mr. A and Doing construction on the land by engaging Mr. X (Contractor) for construction labour work.

Mr. B has entered in a agreement for constructed Property with M/s. C and they will run a eductional institute in the constructed property.

Whether service tax will be applicable between Mr. B and Mr. X for construction work.

Whether service tax will be applicable on the rent received by Mr. B from M/s. C, who will run a educational institute on the said property.

If a university provides it land for a cricket match to another organisation on rent, It will attract service tax. If university also provided its employees for umpiring and charges their fees along with ground rent of land, whether service tax would be liable on umpire service to the university in this case.
Also support your answer if it also provide foods & beverages to players and the same is to be charged in bill along with above.?

Hello All,

As per Rule 4 (7) of Cenvat Credit Rules, 2004, in case of associated enterprises, service tax is payable at the time of billing made (not at the time payment is received.

Accordingly, we paid Service Tax on billing to associated enterprises at the time of billing (not at the time of receipt of payment). However, due to certain reasons, this amount is not to be recovered from the party and eventually, this debtors is being written off in current financial year.

The query is whether the Service Tax paid at the time of billing can be taken back as credit against future service tax liability?

If Yes, pls support your justification with any provisions of law, if there is any.

Thanks in advance.

Dear Experts,

My question is, if goods purchased by a registered dealer in WB is sold in ASSAM.

Can he claim input VAT paid with the output VAT payable in ASSAM?

Please Reply. Its urgent.

Regards,

Dear Sir/Mam,

I am sure that CA Club Management is showing partiality regarding files acceptance. I have submitted last time regarding Nov CA Final coverage by my study material of 90% SFM paper. It was not accepted. Again on 28th, I submitted CS Final FTFM Dec Paper along with 50% coverage information. This was also not accepted.
However, the same method used for CA Final SFM Nov, 2010 submisssion by Nahata Professional Academy on Nov 10th accepted. (showing the Question paper & coverage by the institute)
Why this partiality...
Please explain the reasons...
Regards,
Vino, , ,

Hi,
I would have following queries:
1. Does Managing Director of a pvt ltd company have any special rights ?

2. Is it possible to appoint a new director in a pvt ltd company without board of director resolution

3. Is it possible for a founding director (Managing Director) to transfer the business/ assets of a company to another company without written consent/ resolution from other founding directors.

Thanks
Alok

As per AS 26 para 56 In some cases, expenditure is incurred to provide future economic benefits to an enterprise, but no intangible asset or other asset is acquired or created that can be recognized. In these cases, the expenditure is recognized as an expense when it is incurred.

For example, expenditure on
research is always recognized as an expense when it is incurred.

Others include

Expenditure on start-up activities (start-up costs), unless this
expenditure is included in the cost of an item of fixed asset under AS 10.

Start-up costs may consist of preliminary expenses incurred in establishing a legal entity such as legal and secretarial costs.

Expenditure to open a new facility or business (pre-opening costs)

Expenditures for commencing new operations or launching new products or processes (pre-operating costs);

Expenditure on training activities; Expenditure on advertising and promotional activities

Expenditure on relocating or re-organising part or all of an enterprise.


I want to know whether the conclusion drawn below from the above statement is correct or not.

That means issue expenses relating to shares either by a new company or an existing company is to be treated as an expense.As this is an expenditure in the nature of advertising or promotional activity.That means now the concept of deferred revenue expenditure in no more even schedule VI format prescribes for it?

A Company 'a' had started a Plantation for Rubber Trees few years back.
All the Exps. for Plantation were Capitalised.
Now, Rubber Plantation has started and hence, Commercia;l Production of Rubber has Started.
I would like to know the Accounting for such a Company.