I am doing audit of a manufacturing concern in Goa. The concern manufactures excisable goods and takes credit of CENVAT (input excise and input service tax)

In case of Vat it is taking credit of local input Vat but I saw that incase of interstate sales it is paying the CST collected as it is without taking credit of input CST.(Input CST is added to purchase figure)
Note: It is filing the both VAT & CST returns.
Is this Correct?
Is there any Section in Goa VAT Act which is prescribing this treatment?

I am doing audit of a manufacturing concern in Goa. The concern manufactures excisable goods and takes credit of CENVAT (input excise and input service tax)

In case of Vat it is taking credit of local input Vat but I saw that incase of interstate sales it is paying the CST collected as it is without taking credit of input CST.(input CST is added to purchase figure)
Note: It is filing the both VAT & CST returns.
Is this Correct?
Is there any Section in Goa VAT Act which is prescribing this treatment?

Please Reply.
Its very Urgent

Partnership firm established on 1st April 2012 and having turnover of Rs 8,00,000.00 is liable to deduct TDS ?

RESPECTED SIR,
PLEASE GUIDE ME REGARDING INVENTORY ACCOUNTING FLOW IN TALLY

PLEASE PROVIDE THE PDF FILE IF THERE IS ANY.


PLEASE SIR,

I AM IN NEED OF THIS VERY MUCH

THANKS IN ADVANCE

Dear,
As income of NRE account is exempt u/s 10 4 (ii) under the Indian Income tax act, 1961.

My assessee is a Resident of United Kingdom and NRI under Indian Income Tax.

If assessee earn any income in India which is exempt as per indian income tax act, whether this income is liable for tax in United Kingdom as the assessee is resident of united kingdom.

Thanks and regards

My Son appearing a may 2013 IPC Exam. The Admit Card Not received by Post/Courier. What is the next Process plz guide me

please let me know about what type of questions are asked from the head salary for cs executive tax exams......i have been looking in the scanner as well but could not understand it properly.....please guide me as i dont get any guidance at home.....thank you

With kind regards
Mansi

Respected Experts,

2 numbers EPCG Licences issued in 2006-07
1st Licence on 15-09-2006 duty saved 3.0 crore, 2nd Licence on 20-09-2006 duty saved 2.0 crore. Annual Average export obligation imposed 6.25 crore (mentioned in both the licences)
My query is as follows sir :

1. Does the counting of export obligation of 8 years starts from the time of import of capital goods (From the date of bill of entry)or from the date of epcg licence

2. Should we maintain annual average through out the period of eight years time

3. Is Annual average cumulative. we have to make export of 6.25 crore for 1st licence and another 6.25 crore for 2nd licence every year

4. epcg licence holder has to submit to RA by 30th April of every year, report on progress made in fulfillment of export obligation against the licence as well as annual average achieved by electronically on DGFT website - where exactly this link is located on DGFT website, any help link is available. Or we have to submit any hard copy of formats available on DGFT website.

5. epcg licence holder has to submit statement of export within three months from the expiry of block year duly certified by chartered accountant and bank to regional authority - any stipulated formats available

A company got registered for Service Tax in the month of Sep-12. It availed few services which involved partial reverse charge.
It made payment to the Service provider and thereby cenvat credit was taken, however,
the portion attributable to service receiver
was paid in the month of Oct 12.
Is it mandatory to file return for the period
July-12 to Sept-12.

Thanks in advance

one of my client has taken exemption U/s 54F
later he gifted that property to his sister shall he has to pay Long term capital gain on the gifted property