Dear Expert,

I import membrane which is part of my RO Plant to be supplied to my customer in Pune.
My factory is in Gujarat which is registered under excise act. Now, without receiving Membrane at my factory, if I dispatch it to pune from Mumbai port then can I take credit of custom duty & CVD paid while importing that material?
If yes, please give reference of any amendment / notification / section /judgment in support of your reply because my auditors insist to get material first at factory and then dispatch it to customer in pune. That will increase my transportation cost.

A private company has obtained its PAN and doing its business. Now the company proposes to change its name.

Please advise whether the company needs to apply and get a new PAN in the new name or the PAN allotted remains the same but only name change needs to be made.

My Brother Last year file IT return with one Auditor this year he going to change the Auditor but the previous Auditor did't give the password Pls help me (in Last year ITR-V previous Auditor mentoin his own mail id & mobile no.)

Audit report filing is mandatory in form 3CB however ICAI has revised the format of Auditor's Report. How can I comply both the requirements in e-filing of Audit report?

Can a gift deed be made on a blank paper signed by both the parties or is it necessary to be made on a Stamp paper

Dear All,

We are in the retail industry and allow credit cards swiping against sales made by us. This amount is huge in volume.

Please advise whether we disclose the same as:

a) Trade receivable
b) other current asset or
c) cash and cash equivalent.

hi all,
A party raised a bill for security charges where he didnt mention that 75% is payable by the service receiver & raised the bill for along with 100% st now the auditor is saying that we need to now pay 75% of service tax to govt & the party will take the credit of that 75% paid by them to govt .


another issue is that a party didnt charge service tax in the bill now the auditor is saying that since reverse charge is applicable in the bill we have to pay 75% to govt.



please reply

XYZ Ltd has Imported machinery and after receipt in India They Exported on Leasing Basis, after leasing period over co again imports it back to India and again export to some one else & so on.

Whetehr Co will be held liable for custome duty for each Import and Export of this machinery?

Kindly Help me to know tax Implications under Custome Act for Leasing Trasaction?

Hello Sir/Madam,

While applying for PTRC No, we made mistake in the name of organisation, we got Request ID and There is no option for Name Alteration now How do we Proceed?

Dear Friends,

Can we consider the repair & Maintenance cost to Exclusive Factory Building as a variable cost.

PLease provide your valuable advice with some explanation.

KAMESH.