A factory is producing some excisable goods. It is billing in two manners a) for customers availing modvat credit and b) for customers not availing modvat credit.
'A' 'B'
Basic price 10000 10000
Excise duty @ 16% 1600 1600
E. cess & SHED @ 3% 48 48
_______ _______
Sub Total 11648 11648
VAT @ 4% 466 402
_______ _______
Total 12114 12050
Less :- Cenvat 1600
_______ _______
Net payable 12114 10450

In situation 'A' - VAT is charged on total of Basic price & BED whereas in situation 'B' VAT is charged on Basic price & E.cess as the entire duty has been refunded to the customer. Whether the treatment is correct ?

hi.
can anybosy suggest me what are criteria of revenue sharing basis to claim the service tax exemtion under this claue.

Sir,

We have shown all expenses ie air ticket, hotel, lunch, dinner, outstation conveyance etc. under the head Tour & travelling and paid FBT @5% on all Expenses. I would like to know:-

1. Is it correct ?
2. whcih type of boarding & loading expenses taxable in FBT. What is the % of Taxable of Boarding & lodging exp.

Please advise us.
Regards,

Baljinder Singh

hello friends,
could u pls. send me the tax implications of construction contract:-
1.treatment of Income and expenses of construction contract.
2.sales tax impliction of such contracts.
3.service tax implication as also input credit availment by the contractor.
4.TDS on the contract and sub-contract.

my e-mail is ash_ok2002@yahoo.com

thanking you,
ashok

I left India and came to Abu Dhabi,UAE for a job on 18th November 2007.So as per IT Act,1961 I am Resident for F.Y.2007-08.A.Y. 2008-09.
So whether I have to pay tax on the salary I earned in UAE from 19th November2007 to 31st March 2008?
Whether there is any Double taxation Treaty bet the countries so that I do not have to pay tax?
Please guide me.
Thanking you
Rajesh H. Mantri.

Whether the investment in Mutual Funds are taxed after maturity ?? OR whether Deferred tax will be applicable MF ??

Do we need to deduct TDS on payment to government...specifically sponsorship to indian navy for new year ball ?

Dear Sir/Madam,
A company takes service of a electrician in it's premises and electrician is not registered under ESI.Whether ESI is deductible by the company being immediate employer,If yes at what amount ESI should be deducted when material is also used by the electrician.(Electrician is a firm)

Please reply soon and refer relevant sections/provisions.

Thank you,
Sachin garg

Dear Sir/Madam,
A company paid participation fees for Pakistan Book Fair amount is USD550.Now I want to ask whether TDS should be deducted by the company u/s 195 or under any other section?

Please reply soon and give the relevant provisions justifying your view.

Thank you.

Sir, I cleared CPT and currently preparing for PCC . But I am still not yet admitted for B.com(special)(IGNOU) as I feared that if this degree is not accepted by many companies, industries etc . please advice. In addition to this , I would also wish to pursue CS along with CA. In this regards, I would like to be very clear that as it is mandatory to do pratical training for fifteen months after executive programme(inter)(CS), Will this training be included in three and half years articled training(CA) or shall I have to spend extra years for the CS practical training seperately . Please clarify.