Dear All,

If a manfacturing company received exciable material short i.e 8000 kg against bill of 10000kg. In this case , whether he has passed debit note of 2000 kg to party & availed excise duty only for 8000 kg.
Now the supplier how can take benefit of excise on 2000kg material which is short received by buyer.

Please tell.

Can anybody tell me if a company borrows ECB Loan from Holding Company, service tax is levieable on the availed loan
please help me out thank you

Hi

Please clarify - For the financial year 2008-09 do we have to issue Form 16 & 16A in old formate or new formate? Because these new Forms are applicable w.e.f. 1st April, 2009 and we can issue these forms only on or after 1st April, 2009 for the relevent financial year. If it is to be in new formate how we can get the "UTN" nos for the earlier period?

if an company chreged depreciation on a assets from the month when its ready for use before making the entry in accounts. Is it correct.

For a example : Date of entry is 12-12-2008 and bill date is 11-11-2008 and charged depreciation from the month of Nov. 2008 as in this month assets was ready for use.

Is it Correct ?

a dealer has charged VAT on cost of material and on Transportation loading and unloading charges. As per AP VAT Rules is the VAT applicable on Transportaion and Loading & unloading charges. please clarify

Suppose we are manufacturing company which have given payments for some purchases of goods as well as store items. The material were used in this financial year. But the bills are not yet come till date. The crediors are showing DR balances. We want to finalise our accounts and audit and cannot wait for the bills to come. The payments made to creditors without bill booked for the above are shown as advance s in our books. Their would be no impact on profits for goods as the same would be adjusted in Consumption of Raw material. But for stores item purchased, Profit would be shown higher due to the non booking of bills.

I wanted to Know whether the treatment of showing advances and adjusting the same in consumption of raw material is correct?

Whether purchases are to be booked on basis of arrival of bills or use of material?

Secondly is their any other way to account this purchases without bills being received for same. Please suggest for Goods as well as services separately.

Our Company provided Sodexho Pass (Food Coupon)to our employees and we receive the bill which includes the amount of food coupon and service charges Suppose if we have ordered food coupon of Rs 10000/- on that the pass service agent charges service chgs of Rs 1000 + service tax chgs Rs 112.36 he provide us the bill for all these amount into one bill amounting to Rs 11,112.36/- my query is that should i have to deduct TDS on the whole amount i.e Rs 11,112.36/- or only on the service charges + service tax i.e Rs 1112.36/-

Regard

we are merchant exporter, exporting textile machinaries as well as yarn products. we have foreign based agents who provide us after sales services & payment collection. we paid them commission on that we are charging service tax to them. till sept 08 we charge & paid service tax on this commission amount. my query is that service tax on such commission (comm. on yarn products) is exempt from tax or not.
commission paid to foreign agents for selling yarn products is exempt from service tax.

For the month of Oct – March invoices we paid commission to foreign agents in April month, so should I pay service tax on that & at what rate 12% or 10%

can anyone share with me the copy of the order of Delhi High court dated April, 20th 2009:- which states
Companies cannot be subjected to service tax for renting premises to run their businesses, the Delhi High Court has ruled while disposing of petitions filed by some retailers against a government directive.

Managing director of the pvt.ltd co should sign the attendance.