Dear Experts

1) X of delhi sells goods to Y of Punjab. Both are registered in their states.

(a) Now will X issue Y a retail invoice or tax invoice?

(b) X will Charge Y CST@2% against Form C.
Can Y claim credit of this CST paid by him on interstate purchase?

(c) How does seller, X in this case knows whether Y is registered in Punjab or not?
It is important for X to ascertain whether Y is registered in Punjab or not because only if Y registered X can charge CST at 2% else X has to charge VAT rate applicable in Delhi.
How does X know about the registration status of Y in Punjab?

(d) What is the time frame within which Y has to give Form C to X?


(e) what are the consequences both for X and Y, if Y doesn't give Form C to X?


Regards
Shivani

Dear all,

A govt department has deposited excessive tds by Rs. 7 Lacs in January 2014.

Is there any procedure for refund of extra deposited TDS. Please Guide.

Amit Jain

I have submitted an application letter to icai for taking transfer. I hv recently got married on 13 December 2014. I hv submitted ma principal's NOC Letter n ma Marriage Card along with transfer application. NOC Letter is dated 05 Jan 2014. N yet i m waiting for the icai approval regarding transfer. I hv started articleship on 05 Feb 2012.

I want to know the period from 05 jan 2014 to date till i actually submit transfer form or till i received d icai approval will it be consider as articleship period under previous employer. As i have taken 5 months leave from december 2013. so i m concerned abt ma ca final attempt whether it vil be in nov 14 or may 15.

Dear Sir/Madam

I have received a notice u/s 143(1) for Net amount payable Rs. 160.

I have the said amount online.

My query is ;

(1) Do I need to intimate the IT dept on this ?
(2) If yes, How ?
(3) If No, how do i know whether the issue is complete.

Thanks in advance

are we liable to deduct tds on payment made to foreign currency brokers under section 194h.

hello ,

i am working(learning) in a CA firm from last 10 month, and my age is 22+, now i want to join CA but if i will do. then its a compulsory to take article ship for 3 year,and time take clear to IPCC 1st group approx. 1 year for registered in a article ship., but at that time my learning in a CA firm is near one and half year, so i want to know that can i take any (compensation or exemption) in my article ship because its difficult to me that spend approx 5 year in total article ship.

How will be pass this entry in tally??

Acquire the running business of max, for cash
₹ 50,000 by taking over a following assets and liabilities at value of stock against them:
stock of goods ₹ 15,000
cash ₹ 25,000
furniture ₹ 10,000
debtor ₹ 7,000
machinery ₹ 8,000
creditor ₹ 15,000

Sir a company purchases most of its equipment and related stores, spares and cosummables from a state in India. The company office & Store are located in a Union Territory where these materials are received and GRVs are raised for accounting. However all the business activities involving the equipment and related items are in the neighbouring state from where the purchases were made. These items are issued and taken from the store to the operational site and used / consumed. Now question is whether C forn can be issued to the suppliers? The tax rates are different for the UT and the state. Grateful for a reply with reasoning.

A car is booked with Ford dealer with token amount of Rs. 50000 on 02-02-14. At that time ex-showroom price is Rs. 8.28 lakhs. Subsequently in interim budget GOI reduced Excise duty from 12% to 8% for this car category. Now revised ex-showroom given is Rs. 8.22 lakhs i.e. reduction of Rs. 6000 only. My query is, assuming Assessable Value of car at Mfr's factory gate @ say Rs. 6 lakhs the Excise reduction of 4% comes to Rs. 24000. Should this benefit not be passed to final consumer (customer) and whether not passing of same tantamounts to "Unjust Enrichment" by the Mfr Ford Motors? Will be grateful for clarification of my doubt. Thanks in anticipation.

dear sir
i have service provider of goods transportation agency and i have registered under service tax act and i will transaction of rs 18,93,000/- for the period Oct 2013 to mar 2014 and i will not collect any service tax. i will shown transaction in ST 3 return of rs.18,93,000/-.
please clarify