dear sir,

M/s x co pvt.ltd is incorporated in 2003. the company's main nature of business is adverticements,graphics & software development. till now the company has not applied for service tax registration.the company's turnover on Graphics service is F.Y:03-04 Rs.25 laksh,F.Y:04-05 Rs.30Lakhs, F.Y: 05-06 Rs.75Lakhs and F.Y:06-07 is 85 Lakhs.the company raised bills without service tax.

Right now the company has proposed to get registration. so dear sir please tell me the solution to get registration of service tax.

and also tell me how much amount payable to service tax department since last four years...!

please give me the solution...

Hello! Friends,

Recently Excise & Service Tax Auditors
Audited Records & Files of a company, who was a registered as dealer five years ago and their turnover is above 5 crores.
Excise Dept. was intimated writtenly before the Audit in the name of EA-2000. They've inspected on the same days what they written on Audit intimation.

They have inspected each and everthing and finally record some notes relating to Service Tax and Excise part was perfect.
After 10 days, they've called the Accounts in-charge of the company and issue a notice, which contains liability of service tax of Rs. 6.3 lakhs regarding transportation & freight. Here they charged 100% ST on transport & freight and some part was already paid by the customer (end user) of the company.

Then the company said we're ready to pay the liable tax, but the transport & freight is exclusive, which applies GTA abetment of 75% on the total amount, hence 25% was paid. Here the customer of the company, who is a manufactuerer, paid 100% service tax relating to tranport, but we've exclusive transport contract with the customer. Finally, we've paid 25% of the Notice issued by Audit Inspector. And paid challanas are also submitted. This was done 3 months back.
Till now the comapny was not received any Excise Audit Report regarding EA 2000.
And recently, when the company submitting Service Tax Return they've intimated all the particulers & payments in the return.

Now, what will the company do against this?

Mr.A maintains his books on mercantile system of accounting

Mr.B maintains his books on cash system of accounting

Mr.A deducts TDS on amount payable to Mr.B in F.Y.2006-07 and issues TDS certificate to Mr.B in F.Y. 2006-07 for A.Y. 2007-08
Mr.A makes payment to Mr.B in f.y.2007-08
for Mr.B tds is deducted on income which he has not yet booked in his books for f.y.2006-07

in such a case for which F.Y. year TDS credit can be claimed by Mr.B

Mr.A maintains his books on mercantile system of accounting

Mr.B maintains his books on cash system of accounting

Mr.A deducts TDS on amount payable to Mr.B in F.Y.2006-07 and issues TDS certificate to Mr.B in F.Y. 2006-07 for A.Y. 2007-08
Mr.A makes payment to Mr.B in f.y.2007-08
for Mr.B tds is deducted on income which he has not yet booked in his books for f.y.2006-07

in such a case for which F.Y. year TDS credit can be claimed by Mr.B

Dear Friends,

Pls mail me under which CLAUSE OF REGULATION 43, a Chartered Accountant in Practice can train an Article during his FIRST YEAR of practice.

Thanks

format for calculation of effect under section 145A of income tax act ,1961

private ltd company (hotel industry) paid internet bill for their use whether they are liable to pay fbt and whether one time charges for internet charged in 1st bill also chargable for fbt

Hi,

I am going to give CWA Final (all groups)in June, 08. I need help from CWA students on how to prepare for various subjects. Also on which subjects form an important core and requeire a larger portion of my study time. As I will be giving my CA Final in May 08 I have a very little time to dedicate on CWA . Hence i would like to study smart. If u have some materials kindly send it to me.My contact details are as under-

Name: Rayan Sequeira
Cell: 9844567861/0824-2215374
Mail ID: rayan@dnsconsulting.net
Address: Rayan Villa, Bejai New Road, Mangalore - 575004

Thanks a lot.

i have passed my pe2 exam in may07 i want to register for final but the problem is i'm in a dilema whether to register for old final or new if it was to be old then i would be having only single attemt can i change to new if anything goes wrong & i have to pay any fee for changing to new kindly suggest me

1. What is the criteria for issue of Bonus share by Pvt. Ltd. Co., there is any limit for issue of bonus share.

2. In what circumstance Pvt. Ltd. can company issue divident to share holder. How much % company can issue divident to its shareholder.