Dear Experts,

Ours is an importer of Medical machines which we provide to various hospitals on rental basis under lease deeds for 5 yrs. We raises service tax invoices and we provide the medical consumables free of cost for running the machines.
Recently our supply co based in USA has appointed a distributor in India from whom we have to buy the consumables now.
My query is:
Now the local distributor is charging local vat of 12.5 % beside custom duty of 16.85 %.In that case we are not able to get the input credit of VAT and Service tax thereby causing more losses.
We want to object the same to our supplier in USA. Please provide me the points to be raised for the same strongly.
Early reply is really helpful since we are in discussion for the same.
Thanking you in advance

Hello,

I had registered for IPCC under Direct Entry Scheme in Apr'13, however due to some circumstances i could not start my articleship during the year.I would begin my articleship in June'14 onwards, Please confirm
1. how would i know that i am eligible for May'15 attempt.
2. Is there any formalities required to get listed for May'15 attempt.
3. Is there any Documentation required to be eligible.. I am really confused about the procedure ICAI follows, PLEASE HELP.

An assessed has already taken a house building loan on his first property and accordingly availed of Inc tax deduction on interest on loan.Now he has again taken anotherr house loan. So how can he get benefit on second loan

Sir/Madam,

Could a service provider company charge service tax on second payment(extra payment) wrongly made by a customer through online mode?

Thanks in advance

I m planning to give ipc both groups in nov14 but unable to cope up wid costing nd fm .. please advise me how to prepare for d subject as the conceptual clarity cudnt b gained during d coaching and will hav to start it all over again through self study.. please help!!!

Sir IT KA OLD SYLLABUS KA KYA KYA PART NOV.2014 KE LIYE APPLICABLE HAI,SIR PLEASE TELL ME,MUJE TENSION HO RHA HAI

I want to do an Industrial training in ahmedabad from 1.06.2014. I want to do it from bank. From the list given by ICAI for Industrial training I have asked in 3 Bank. But thay deny for training as they have no requirement. So now how can I find the vacancy for my training? Pls reply as much possible in detail.

What is high sea sales. ? can output tax be availed for the same.? is this covered under karnataka vat only ?

DEAR SIR

I WANT TO OPEN MY NEW RESTOURANT BUISNESS.

SO I WOULD LIKE TO KNOW THAT WHICH LICENCE I HAVE TO TAKE IN THIS BUISNESS.

Please let me know what will be the tax liability if the total salary of Rs-850000/- per month (Ay2014-15)

Regards
Amit Nandy