As per Guidance Note on Accounting for State-level Value Added Tax issued by the Institute of Chartered Accountants of India, assessees are advised to disclose purchases and sales are Net of VAT. Accordingly the books of account are maintained and (finalized) the annual accounts as per entries and manner prescribed in the Guidance Note on VAT. As per entries recommended in the Guidance Note, the VAT paid on purchases has been adjusted against VAT collected on sales and no entries relating to VAT on purchase and sales are reflected in the profit and loss account
of the entity. Now, in the new ITR returns forms the assessees are required to disclose the VAT received or receivable on goods sold, VAT paid or payable on goods purchased and VAT paid or payable to Government separately.(Refer Clause No.2c, 8f & 34c in ITR 4). When the books of account are maintained in conformity with VAT Guidance Note, it is difficult to capture the above information on the basis of trial balance given by the assessee. What is the remedy available to us?

Pls let me know the stock exchange compliance & procedure referred by Internal Auditor.
Its BSE. Mr.Rao

A private limited company wants to closed down its operation voluntarily.. can any one please suggest the procedures to be followed by the company// & necessary e-Forms to be filled with ROC..

FFF

COULD IT MAY POSSIBLE AS TO TAKE VAT CREDIT WITH OUT PAYING PURCHAGE TAX IN ACTUALLY WHEN IT IF EXEMPT.
IN A CONDITION WHEN ONE HEAD OFFICE SENT ITS BRANCH OFFICE SOME GOOD AGAINST BRANCH TRANCFER (F FORM) SUBSEQUENTLY IT IS SELL TO ANOTHER REGISTER DEALER BY CHARGING 4% TA HERE MY QST IS COULD IT BE POSSIBLE FOR BRANCH TO GO VAT CREDIT .
THIS QUESTION IS ASKED TO ME BY CA IN ONE COMPANY INTERVIEW

CAN A PARTNERSHIP FIRM BE A MEMBER OF A LIMITED COMPANY?
I FEEL A FIRM CANNOT BE A MEMBER OF A LIMITED COMPANY.
PL. CONFIRM
R.V.RAO

Hi,

We have started accounts outsourcing company and are planning to enter into agreement with 1 of the client for accounts outsourcing. In this regard I would like to know, whether the contract agreement needs to be prepared in stamp paper if yes then what should be the amount of stamp paper. Also I would like to know what should be the other formalities I need to considered before entering into contract.

To Srinatha Sir,

As a mfg co we can get credit of service tax of excise payment

We have some fabricator contractor in company. some emps. are working under them

As per the contract, we have assured them to reimbers the insurance premium of emps.

Insurance company provied service bill to our contractor i.e. Bill In the name of Contractor. insurance company charged service tax in their bill.

Our contractor put the bill for reimbers the above exp with the final figer

So My Q. is that Can we get credit of the service tax which charged by insurance company?

Aproximately how many CAs are there in India?

hiii
pl explain section 227(1A),(4A)... in detail.


eagerly waiting 2 hear 4m u.......