Dear Experts,

We have sent our material for the job work to X party. X party have done the job work and resent to us. X party have raised an invoice in favor of our company name and not charged any kind of service tax as party is also not registered in Service Tax.

My Query is

Whether we are responsible for the service tax payment if the job worker has not paid the service tax? If yes, then how much?
Whether we have to pay service tax with interest ?

Please advice Soon

Thanks

Sohil Patel

Is Tax Audit compulsory for private limited companies if the limit does not exceed 1 crore?

Are Preference share holders included in the members of the company?
Please give a reference also if possible.

DEAR SIR ,

I AM AJAY JAIN. I WANT TO KNOW THAT WHETHER THE ESIC CONTRIBUTION HAS TO BE PAID BY THE EMPLOYER ON THE FOLLOWING ALLOWANCES GIVEN TO EMPLOYEE:
1)
HOUSE RENT ALLOWANCE ,
MEDICAL ALLOWANCE
CONVEYANCE ALLOWANCE,
EXGRATIA PAYMENT
LEAVE ENCASHMENT PAYMENT.

2) ALSO PLS GUIDE US WHETHER ESIC AMOUNT HAS TO PAID ON THE JOB WORK DONE BY SOME OTHER COMPANY FOR US.

3) ALSO ON CARTING EXPENSES , LOADING AND UNLOADING EXPENSES, REPAIR AND MAINTAINCE PAYMENT TO A PERSON WHO IS NOT OUR EMPLOYEE

THANKING YOU

REGARDS

AJAY JAIN

Dear Sir/Madam,

We have an excise registered warehouse.

1.We would like to sublease a part of it to other party. Is it possible to sublease?

2.Can we keep duty paid material of another customer to our warehouse?

3.If we can keep the material of another customer (duty paid) how will be the invoicing process?

Regards,
KSN

Advance LIC premium paid for next financial year exempt under 80c for current financial year

suppose a maufacturing co. on march 31, 1998, makes a provision for an outstanding bill of Rs. 80000 for purchase of raw material. on april 4, 2006, out of Rs. 80000, Rs 27000 is paid in cash. Will this payment in cash be disallowed U/S-40A(3)& in which year?

We have sold goods to a unit in SEZ out of the 5 sales 2 sales are made with out duty and 3 sales are made with payment of excuse duty. All the 5 Sales have been rejected. the unit raised the invoice by imposing the excise duty on all 5 sales. Against the 3 duty paid sales we have claimed for rebate. My request is whether we have to take in to account the excised duty against the 5 sales or against the duty paid sales.

Please the explaing the excise and accounting procedures.

DEAR SIR
IF I START ARTICLESHIP AND CONTINUE ONE YEAR THEN DISCONTINUE ONE YEAR , SO THAT ,CAN I ALLOW IN ARTICLESHIP, ITS STARTING FROM BEGINNING PERIODS ?

Sir,
kindly tell me than when an asset must be capitalized, its date of capitalization & Threshhold limit?
also if any major repair is undertaken what would be the criteria?