Kindly Note,
I started new business on date 14/02/2013 & was awarded an order of Rs. 18 lakh in the firm. in FY 2012-2013 i raised two invoices whose total amount was under 9 lakh. Now in this FY. My limit of 9-10 lakh has been exceeded when i made 3 more invoices after making my third invoice on dated 27/06/2013 Please clarify:

1. I have applied for service tax registration on dated 04-07-2013, is it correct for my above mentioned scenario?

2. On which amount i have to service tax & by what date? (my bill total in FY 2012-2013 was 791200.00, now in FY 2013-2014 it has became Rs. 1021795+1186521.60=2208316.60 till date)

3. Kindly mention will i have to submit return for first quarter in FY 2013-2014 also since my invoice dates when my limit of 10 lakhs was crossed fall in first quarter of FY 2013-2014. After the formation of company the invoice details are as given under:

L-1 amounting Rs. 701200.00 dt 26/03/2013
L-2 amounting Rs. 900000.00 dt 26/03/2013
L-3 amounting Rs. 822995.00 dt 08/04/2013
L-4 amounting Rs. 198800.00 dt 26/04/2013
L-5 amounting Rs. 1186521.60 dt 27/05/2013

Please give pointwise reply urgently

Dear Sir,
which services comes to in negative list as per service tax

I have filed Form 1,32 and 18 to incorporate a company but MCA demands re submission citing following reasons:

"Please scan affidavit/declaration duly notarised from all subscribers/directors seprately,first at the time of incorporation subsequently whenever company changes its object , to the effect that company directors shall not accept deposits unless compliance with the applicable provisions of Companies Act. 1956,RBI Act 1934 and SEBI Act 1992 and rules /directions /regulations made there under are duly complied and filed with concerned authorities"

Please provide me the format for this declaration and other suggestions to resolve this query

Thanx in advance

What is meaning of constitution of applicant while applying for ST registration in case of Proprietorship firm. What documents in its support are to be deposited

IT RETURN FOR A COMPANY (PVT LTD ) NOT FILED FOR AY 09-10 , 10-11 , 11-12 . SO IS THERE ANY WAY OUT TO CLAIM THE TDS REFUND AS THE COMPANY HAS A TDS

As we know that as per the Accounting Standard, an inventory is to be valued at cost or market value, whichever is lower.

Now let me explain my query with the help of an example.:

A trader deals in oil products. He purchases the oil from a manufacturer and sells it to consumers.
On purchase of oil from the manufacturer, he gets some litres of oil free on purchase of a specific quanti
ty. Out of his total purchases of 2,00,000 litres of oil, 50,000 litres was free.

On the other hand his sales figures are like this:
Out of total sales of 1,80,000 litres of oil the free sold was 25,000 litres.
The closing stock is 20,000 litres.
Out of this 20,000 litres, how much free stock is to be considered ?
The inflow of free stock is 50,000 litres and outflow is 25,000 litres. As per this condition the remaining free stock must be 25,000. But the overall closing stock is only 20,000 litres. How is the calculation made in this case ??

my question is that if a person is registered under service tax by the service of renting of immovable property, and he started a new service in his proprietory concern co.(supply of tangible goods) whether he required to get an another ST.No. if he didnot get a new no. and he is issueing bill by the name of his proprietory concern company and paying tax libility by his individual ST.No. whether is correct or not. and if he raising invoice to other by the name of his company is anything wrong in that . the beneficiary can take the input credit of the bills raised by him. whether department raised any objection in this case. Please advise.

Sir my tds shown in form 26 AS is 19605/-, but the in my account credit mismatch. here is shown 26657, , I already filed the income tax return for A.Y.12-13. So what I to Do.

1. I have taxable income of Rs.10lacs and my spouse taxable income from PGBP is Rs.1.75Lacs. My friends and distant relatives gave gift to my minor daughter Rs.40000 in cash.

Whether this cash gift received by my minor daughter be taxabe and if yes then in whose hand?

2. In case my minor daughter earned cash prize of Rs.75000 in stage dance show etc, in whose hands will the same be taxable- myself, my spouse or my minor daughter.

Dear Experts

Our company deals in chemical which can be use of their machine. One of the selling technique is company place machine with the customer and sold chemical at the higher price considering that cost of machine will be recover through higher margin.
Is the higher price will be consider as normal transaction value or question of sole consideration can be arise to defend the company to charge excise duty on lower price.

Please provide ur valuable input. Any case reference will be highly appreciated.