A Case Study:-
Mr.Gupta in Punjab, is a manufacturer of Stainless Steel Ingots.
Mr. Jain has a Plant in Gujarat manufacturing SS Coil.His Raw material is SS Ingots.
Mr. Hari an Iron & Steel Dealer registered to deal in Excisable goods is also in Punjab.
Mr. Hari contacts Mr. Jain that he will procure SS ingots on his behalf,for which he will charge Re 1/- per KG.
Mr. Hari knows Mr. Gupta & places orders for supply of SS Ingots to Mr. Jain.
Mr.Gupta takes E1 Form from Mr.Jain & C form from Mr. Gupta.
Mr.Gupta issues an Excise Invoice showing Mr.Jain as Consignee & Mr. Hari as Buyer. Mr. Jain on receipt of Duplicate copy avails Cenvat involved on the qty received. On receipt of Original copy, Mr. Hari issues a commercial invoice in the name of Mr. Jain adding pre-determined profit of Re 1/- per KG. No entries are made in RG23D.
The freight is either paid by the consignor or the consignee.
Querry:-
Is this merely an E1 / consignment sale.
Where the profit of margins of Mr Hari is already pre-decided on the basis of the qty. sold. Should not Mr Hari be considered
a commission agent under Business Auxillary Service(services of procurement of goods on behalf of the client which is an input for
them)and Service Tax should not be paid by
him on the margins earned on such transactions. Merely the fact that only the invoices and the money is routed through him and no CST/freight/any other costs is borne by this middleman, Why his margins can not be subjected to levy of Service Tax.

Dear sir

I am a practicing ca.my prcatice duration is 2 year .how many article can i keep ?

pleasz advice me

hi ,

i have completed my MBA in finance n CS executive...
i hav a previous work experience a ssourcing analyst for 2 yrs...
n im working as a secretarial executive under a cs from past 6 months..
i have not registered with the institute yet...
better to get myself an approval from the institute or to go for exemption claim after completing cs professional..
pls advice...

regards,
pavithra

We have let out Commercial Building to 10 different tenants and in the lease agreement we clearly mentioned Rent, Maintenance Charges, Parking Charges (Covered), and Fixed Water charges. Whether Service Tax will applicable on Parking Charges (Covered Area) and Fixed Water charges?? Whether we have to raise two separate bills for rent and Maintenance Charges? We would like know whether Water charges and Parking Charges Collected will come under Maintenance Charges? Please clarify.

Hi... my query is regarding ca final registration
i cpt n ipcc both i was registered in kanpur i.e., CIRC and now i want to get my registered for final from delhi i.e., NIRC bcz ryt nw i m in delhi
is dat possible?

Hi,

We are making payment to a company in USA for service relating to study and analysis of our material (kind of technical or R&D Services) for which they have raised invoice to us. Now my question is, are we liable to pay service tax in india? if yes what rate applicable .
Also how to fill service tax challan Online(with accouting codes applicable).

Thanks in advance.

M/S XYZ Pvt. Ltd. is a manufacturer of dry flowers and this company has all export sales, it engages a transport company who takes all the finished goods from its factory and delivers the goods directly at port from where the goods are exported outside India.

M/S XYZ Pvt. Ltd. is an exporter all the finished goods are exported out of India.

In this regard I want to know whether service tax will be levied on M/S XYZ Pvt. Ltd. as a service receiver accoring to notification no. 26/2012 under the category of " Goods Transport Agency ".

I have registered for Ipcc on Jan 2010. Since IPCC registration is valid for 4 years, I can appear Nov 13 exam no doubt about it, but my query is that my registration will expire on on Jan 14 & result will be declared in Feb 14 so will i have to revalidate my registration? If i dint then can i will get my result.

Dear Experts,

I cannot clear my IPCC in 2 attempt and i want to convert myself in Direct Entry Scheme.

but i have confusion as i have 49 % in B.com & 60% in PGDM (Finance).

So can i register myself in Direct entry scheme on the basis of Post Graduation,my ITT & OC has been already completed.
So please guide me asap

one of my client was having taxable service less than Rs. 9.00 lacs but was having receipt of more than Rs .10.00 lacs (TDS too deducted) in the PY 2011-12. In 2012-13 (FY) taxable sercvice exceed Rs. 10.00 lacs. No notice has been received from S Tax Deptt. Whether S Tax is applicable for 2011-12 or from 2012-13? Plz provide your valuable advise