Dear Sir,

as all of us know that rental services are came under the provisions of service tax.

My query is that what happened if any assessee already raised the bill of rent to their client and registration of service tax comes after that billing.

can the assessee he liable for service tax on those bills that he had already raised. if yes then can he take cenvat of the bills raised on him during that period.

the second problem is that the assessee is under the obligation of paying some expenses to the service tax provider and he is entered an agreement for rembuirshment of the same from second party but he required to raise a bill for the same. in this case the second party had the obligation to pay only the amount of the bill of services or expenses as raised by the service provider. so what is the formalities on the part of the assessee in this matter as he is only the mediator and had not made any addittion. so can he is also required to raise the bill and mentioned the service tax seperate on the value including service tax or only on the value of the expenses.

so please let me know the possible way out of the same.

Thanks & Regards

what is the diff between preliminary expenses and pre incorporation expenses?what is there treatment under income tax and in the companies act?

1. What does it mean " Upto the Place of Removal" ?

2. Service tax on ouward freight i.e. Finished goods transferred from factory premises to customer premises,can it be availed as "Input Credit" ?

3.Any consignment upto Rs 750 is not taxable. Any consignment vehicle with service charge collection upto Rs 1500 is not taxable. What does it mean?

sir,
a retailer is selling goods in his shop to tourist.He receives payment through international credit card as well as some payment received in his current account,deposited directly by customer(from outside india).
Q1-Whether this is an export sale (below 25000$) and declaration under regulation 4 of FEMA has to be filed.?
Q2-credit invoice has been issued to customer at the time of delivery of goods(in india).how we will confirm from audit point of view.it may be a fake bill?
Q3-how it will be reported u/s 44AB?

I want a free spread sheet or formula for calculating the NPV value for investing in new machinery vs hiring of machine etc

whether the provision for proposed dividend falls in the definition of provisions as covered by AS 29 ? If not, whether it is governed by any another accounting standard ?

In a Government Unlisted Subsidiary Company, the Managing Director is also the Director in the holding company as per the Articles of the Company.The Managing Director is governed my the term and conditions of employment placed for consideration in the Board Meeting of the subsidiary company as per the government company employment rules.In that,there is a certain perquisite,which the MD is not entitled to. But,as per the approval in the holding company, the Managing Directors of the Subsidiary are entitled to that perquisite. Now the question is, which one should be applicable and supersede the rules and why?

I am an articled clerk (finished PE II in November 2003) currently
undergoing my 3rd year of articleship at a firm in Kerala . I would
like you to clarify the following points with regard to my
articleship :

1) I had taken 160 days of Leave in my days of Articleship. We are
paid Rs. 5000/- per month in our third year as stipend (which is
above the Institute rates). During the period of leave we are only
paid the Institute stipend rates. Is it correct for my principal to
do that? i.e. pay differing rates of stipend?
2) For every day of leave taken currently, we paid only after
deducting Loss of Pay for the number of days leave we take. Is it
correct for the principal to do that? Not only is our stipend reduced
during the month but also we have to serve those leave days also as
extra days after the period of our articleship.
3) During our period of articleship, we have served extra hours on
many Saturdays (which happens to be a half day for our firm) but no
credit has been given to us for that period neither any extra stipend
given. Also we have worked extra hours during the months when Income
tax returns and Audit returns have to be filed and similarly no
credit of days or extra stipend has been given. Only for sitting late
nights and working on holidays is credit of leave given. For every 3
days outstation audits we are credited with one day leave
entitlement. This rule was bought in place during the second year of
our articleship.
4) We have not been given our stipend for the months in which we have
taken leave. Our principal says the same will be paid only during the
months where we serve extra days. In which case we will be paid short
by atleast 4 months.
5) Our principal has not provided us with the leave statement
mentioning details of leave taken till date. As a result there is
absolutely no clarity for the extra days we have served and the
number of leaves we have taken. He promised to provide us with the
same since November 2006 but no action has been taken on the same. I
am very concerned about this.


As a matter of fact we had served with this firm even prior to our
articleship period for about 7 months or so. It is indeed true that I
do not have much awareness about the rules and regulations which
govern our articleship. Please help by clarifying the above mentioned
points. My issue gets compounded when I learn from my friends working
for big firms, that they get credit hours for each extra worked,
which is then added to their credit leave.

I do not wish to disclose my identity for fear of being harassed
later, neither do I want to put my Principal’s reputation in
jeopardy. Kindly understand. I am indeed a CA student going through
articleship and my case is genuine. Your reply will help me in
getting clarity on my position so that I can convince my Principal as
to what the Institute says regarding these issues. Please help.

Due to change in ITR many chartered are following practice to disclose interest on housing Loan, Mediclaim,LIC etc... as an expenditure in P/L. When the theatment of these items are diffrent in computation then how its possible?

The liasioning work for certain approvals from govt. departments such as EXPLOSIVES , BOILER AUTHORITIES, MUNICPAL/STATE GOVT. AUTHORITIES ETC is done. The receipts for these services includes certain out of pocket expenses expended at the offices for which no proofs are available .

If a person renders these type of services under what head of service he will be covered?

What will be the fate of expneses incurred as mentioned above?

The constitution is a partnership and doing erection & commissioning contract for which they are registered under service tax