What all points i should keep in mind while doing bank payment& Service tax audit of a company providing After sale service.
Kindful
Sadanand

Hello,

I would like to know the applicablility of the VAT act to a company ( 100% export oriented unit ) doing BPO service.

My question is :
1. Will VAT be applicable to a 100% Export Oriented Unit doing BPO busines?

2. will VAT be applicable to the above unit if - (A)it carries out software development and sale.
(B) it carries out purely service only


I request and early reply on the above

Whether Income of co - operative society registered under Tamilnadu government is exempt under Income tax act according to sec 10(23c) subject to limit of 1 Crore.
However Sec 10(23c)(iv) donot specifically say about co - operatives but it just say "any other fund or institution established for charitable purpose" does it means it includes Co-operative society? Or there are separate provisions for Co- operative society Plz help.

In the case of High Sea sale, whether the PO on Indian Seller can be raised in Foreign Currency?

If yes:-

Can we have the HSS agreement as well as the Domestic Sale Invoice raised in FC? as the sale is between 2 DTA's operating in India.

Please advise.......

Rajesh Venkitaraman

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can anyone explain me what are included and not included under these two valuations

Is a private limited company required to file form 23B for change of auditor?

We are manufacturer of pharmaceuticals products falling under chapter 30 and getting goods manufactured at our own plant as well as from various Loan Licenses.

Further, we are availing cenvat credit on duty paid inputs as well as on input services received by us at our own manufacturing plants. Also we are registered as Input Service Distributor at HO and availing Service Tax Credit on inputs services received by us and then we transfer such accumulated Service Tax Credit to our various own manufacturing plants for payment of excise duty.

At Loan Licensee’s end inputs required for manufacturing our goods are provided by us and cenvat credit is accordingly availed by them for discharging duty liabilities and deficit amount is provided to them which is deposited by them at their jurisdictional bank through GAR 7 and duty is paid accordingly on goods manufactured for us.

Query

1. Can HO of manufacturer transfer Service Tax Credit accumulated under ISD to Loan Licensee’s / Job Worker for payment of Central Excise Duty instead of funding by way of Cheque ?

2. If yes, then under what provisions of the law?

kindly inform if I will be eligible to enrole for PCC as I was registered for PE2 after I completed my B.com in 2005 and I had above 50% marks in the graduation...or do I need to again start from the scratch and give CPT first.... My last attemp for PE2 is in May 2008.

one of my client in 2006-07 issued a bill after adding sales tax to a customer who export the goods and issued form H in 2007-08. My client is already deposite the sales tax and assessment is over .In 07-08 the party given the payment after deducting sales tax, then what is the procedure for claiming extra sales tax paid?