what is the interest & penalty on delay of deposit of DVAT? I know that Rs. 100/- per day payable on late filing of DVAT return but Is there any penalty on tax payment also?

An exporte from Maharashtra dispatches goods under TAX INVOICE through a logistic contractor to Europe. The goods are stored in a godown in the city where the customer is located (i.e. in Europe) . The rent, insurance etc of the godown is paid by the exporter. The commercial invoice is prepared only when the goods are lifted by the customer from the godown. The payment terms are also based on Commercial Invoice. At what point of time the accounting of sale shall be made? Whether at the time of dispatch of goods from the exporters factory or at the time of Commercial Invoice.

Whether amount spend on conversion of existing old plant and machinery in to CNC machinery in case of Automobiles Industry amount to capital expenditure or revenue expenditure. Quote case law if any.

Hi,

I have a query on the above mentioned subject matter. the contractor is executing construction contract in the state of Karnataka.

My Query is that under the KVAT 2003 WCT Composition Scheme the contratcor does not require to include the URD purchases made in executing the contract. Does this provision still exist or do we need to inclue the URD purchases in the taxable turnover?

Secondly the dealer executing the WCT Composition scheme is not permitted to make any interstate purchases? has there been any amendmend to this provision?

Kindly Reply to these queries?

Regards

CA K.P.Vinu Iyer

Hello,

Can you please tell me how to create macros in excel and what are the uses and benefit of using macros in excel.

Please resolve my above query at the earliest

Thanking You

Yours faithfully

Form D abolished by Govt from 01.04.2007. Please let me know what is the tax rate for Govt public sector particularly for Railways and is there any GO?

I want to know the whole procedure to form NGO and how much time it takes to form and all the legal compliances to do.

Dear all freinds,

Can any body guide me, what is the exact treatment if medical expenses reimburse to our employees for FBT. Medical expenses fall in FBT Net or not. If fall up to what extent or what is the limit.

Pls. guide me urgently.

Regards
Bishnu Deo Sharma
Email id: bishnu_jsr@rediffmail.com

hello sir..........

What is the Minimum & maximum no of Directores for Private & Public ltd companies? ..

Awaiting for the answer....

Dear Sir,

I am working in Hospital Industries. Our Hospital need equipments which we have to purchase from out of Maharashtra we have
paid MVAT on Monthly Basis

One an equipment purchased from Gujrat.
Party mentioned CST 4% (without C Form) & 1% extra on their bill i.e. Total 5 % is there

I talked to party regarding this However party replied that you have to pay 1 % extra Charge due to non submission of C form

Is it Correct of not ?

With best regards,


Vilas Choudhari