Hi,
My name is Yudhistira, basically from mysore, i have done my m.com and i working for a manufacturing co. as an accounts officer, i have 7yrs exp in accounts. I need to do CA course, kindly can you give me a detail information about CA course. Thanks & oblige.

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Can anyone please guide me about service tax abatement on tour operator service? How to collect and claim abatement?

Dear
I am registered under Supply of Foods and Beverages.By applying Rule 2C i can claim an abatement of 60% i.e i have to pay service tax on remaining 40%. My lawyer suggested me to charge service tax on 40% and vat on the remaining portion i.e on 60%. he is giving an explanation that vat should not be charged on that amount on which service tax has already been charged for this he has also given a reference of case law of Imagic Creative Pvt. ltd. vs Commissioner of Commercial Taxes. He now advice me to make bill as

FOOD & BEVERAGES 1000.00
SERVICE CHARGES@ 20% 200.00
TOTAL 1200.00
LESS: ABATEMENT 720.00
TOTAL 480.00
SERVICE TAX@12.36 59.33
VAT@ 14.30% ON ABATEMENT 102.96
TOTAL AMOUNT(TOTAL+ST+VAT) 1362.29

BUT I FEEL THE ABOVE THING TOLD BY MY LAWYER IS INCORRECT AS BILLS MADE IN DIFFERENT RESTAURANTS ARE LIKE THIS

FOOD & BEVERAGES 1000.00
SERVICE CHARGES@ 20% 200.00
TOTAL 1200.00
LESS: ABATEMENT 720.00
TOTAL 480.00
SERVICE TAX@12.36 59.33
VAT@ 14.30% ON 1200 171.60
TOTAL AMOUNT(TOTAL+ST+VAT) 1430.93

PLEASE SUGGEST

Dear all,
how to take composition scheme certificate form the sales tax dept. does any tax (wct) have to pay while to take composition scheme certificat ?

thanks
regards
jiwan singh

I have purchased a new software Tally ERP9 to Tally ERP 9 Gold, we have received tax invoice including Service tax can i deduct the TDS @ 2% ??

If an individual service provider, providing security service to company, has charged service tax on full amount and not on 25% of amount...

in such case what will be our position?? will b liable to pay service tax as service recipient??/

Payments exceeding 20000 in cash in case of trust are disallowed?

what is the gross annual value?

municipal value = 36000
fair rental value = 40000
standard rent = 50000
actual rent = 48000


ans given in book is 48000....why so?

we consider (i) expected rent (ii) actual rent......whichever is higher..

in the above case expected rent should be 50000 because its more than mv and frv and is also higher than actual rent i.e 48000....plese clear my doubt..

thanks
regards
Mansi

I am a Salary Person having income 15 Lakh PA and I have ask my friend to file my ITR he filed the ITR after than i came to know that there was some refund to be claimed , he revised my ITR but by mistake he claimed "Loss on Long term capital gain instead "Loss on house property" Intt. on Home Loan , and I have received Refund from IT Deptt.

Now is there any way that I can send this cheque of Refund back to IT Dept.? I really do not want this undue advantage, and never hide my income from IT Dept.

Dear Experts,
Please clarify the Academic allowance paid to employee is a exempted allowance? the academic allowance should used for research and training of the employee?