spa services (massage etc) is done is a service or business?

A Manufacturer used captive generated electricity for its production and for street lights inside the factory, the inputs used for generating electricity is eligible for cenvat credit for above said two cases?


thanks,

Regards,

Senthil

Dear experts,
one of our customer has booked the flat under construction, the total flat worth is 70 lacs, at the time of booking agreement he has given RS. 10 advance and rs 60 lacs is remaining balance. plz tell me as i received rs 10 lacs as advacne. weather ST will be paid on only 10 lacs or on total 70 lacs, at this time,

thanx & regard
Sahil

Dear All,

we have paid part payment to vendor of services with 12.36% and received invoice of part payment,bill dtd 31-03-2015,services render will be in nov 2015.remaining part payment we have paid in the month of july 2015 with service tax 14%
but vendor has been given bill of this remaining part payment with differance service tax amount as a payable of 1st bill on dtd 31-03-2015.

please suggest should we pay differance amount of servicetax of 1st bill on dtd 31-03-2015.

please suggest with notification.

I have been supplied certain Raw Materials & Service from one of my supplier. He is covered under Composition Scheme under MVAT, hence charged me discounted rate of 8% on materials.

Can I avail MVAT on such VAT amount?

we are an EOU for manufacfturing telecom equipment with 0% Basic Custom Duty, going to make DTA sale under Notification 23/2003-CE dt. 31/03/2003.

http://www.cbec.gov.in/htdocs-cbec/excise/cx-act/notifications/notfns-2003/ce23-2k3

As Sr. No. 2 of aforesaid notification, we are required to pay 50% of applicable custom duty, but 1st proviso says confuses it with normal excise duty and 2nd proviso provides that 1st proviso is NA in case Nil rate of duty under sec 12 of Custom Duty.

What shall be the applicable duty?

Is it 50% of applicable Custom Duty which 8.70% as on?
or
Will be it be normal excise duty i.e. 12.5%

or Since that basic duty is 0% in CTA, it will be again 8.70% i.e. 50% of custom duty

Regards,
Manish

Dear Sir / Madam,

I wish to know how to compute income in case of a person owning 3 passenger vehicles which he uses to transport people from one point to their offices or sometimes for tour purpose.

1) Whether his business treated as a contractor, eligible for TDS u/s 94C?

2) Whether his income is calculated on presumptive basis? if yes which section 44AD or 44AE?

3) If presumptive taxation is not applicable then?

4) Can he claim depreciation on his vehicles? Whether rate of depreciation is different for passenger vehicles?

Kindly revert.
Thanks & Regards,
Suraj

I have proprietor sheep firm i am purchase bill mention cartage inward

Byer Raj & co.
Purchase 50000/-
Cartage Inward 2500/-

I am pay 52500/- please tall me Service tax applicable me
Yes or no.

EOU had imported some electronic lab equipment in the past.
When the Equipment was found defective, in the absence of any service Centre in India, the same was ‘re-exported for Repair” to the overseas service Centre of the manufaurer
Now after repair, they are re-importing the equipment, for which they have paid in advance the repairing charges to the overseas service Centre. .
However, the custom is detaining the said re-import asking the EOU to produce permission from Ministry Of Environment, Forest & Climate Change (MOEF)
Is there any necessity to get such permission from MOEF for Re-imports of repaired equipment?
We know all attempts has to be made to make our motherland environmentally clean
Hazardous waste generated within the country and that is coming from outside the country should be checked and reduced.
At the same time in this case i.e. Re-imports of repaired equipment’s the following points are to be considered
1. The equipment was imported into India long time back .
2. The equipment became defective and instead of throwing it away as waste, it was re-exported for repair
3. Now it is repaired and hence it is not coming back as a waste product.
4. In other words, the re-exported defective equipment which was in India, is coming back after repair as usable item only to be used continuously.
Definitely there will be some notification waiving off ‘re-imports after repair “from the purview of MOEF permission.
Can anyone give some more light on this? I do not think that Government is not so illogical to overlook the above mentioned points.

whether Board report is mandatory attachment in form AOC-4?
And in form MGT-9 i.e. extract of annual return signature of PCS will be there(other than Small Comoany and OPC)