In case of an education institution, core activity (academic)falls under exempted category but the Institution also implements some projects which falls

under taxable services.
Since the common input cannot be segregated, we have decided for availaing input credit (service tax paid on security , house keeping, telephone, repair & maintenance , Insurance etc. )against payment of service tax in respect of projects.

These input credit would be taken from 25th March 2009 FOR THE FIRST TIME.

Service tax was paid in July 2008 and August 2008. Thereafter during September 2008 to February 2009, no service tax was collected and no service tax was paid.

Now service tax (input)from April 2008 to February 2009 which amounts to Rs.10,00,000

(100% in case of security and repair & maintenance and for otherSas per the ratio calculated as required under the service tax rule)

IS REQUIRED TO BE AVAILED AGAINST THE SERVICE TAX TO BE PAID IN MARCH 2009 AND BALANCE IS TO CARRIED FORWARD TO 2009-10.

Some body has advised us that there is a possibility of disallowance of input credit for the period April 2008 to June 2008 as we have paid service tax(output) in July 2008 and August 2008 without adjusting the input credit.

my queries are;

1. CAN WE AVAIL THE INPUT CREDIT PERTAINING TO JULY AND AUGUST 2008 AGAINST PAYMENT OF SERVICE TAX (OUTPUT)IN MARCH 2009.

2. CAN WE CARRY FORWARD UNUTILISED BALANCE OF INPUT CREDIT TO NEXT YEAR 2009-10.

Mine is a family owned private limited company with a share capital of Rs Fifteen Lakhs
We want to start the business of giving loans on interest basis against security of movable and immovable properties.

Do we have to obtain any licence for from any authority and do we have to inform ROC or RBI of starting the above business

I received a Bill from Dealer its Details given blow:
Refind 360Tin @ 592.00 Rs/Tin Total 13120.00
Discount Received -1080.00
Input Vat @ 4% 481.60
---------------------------------------------
Sub Total 12521.60
Add: Insurance 1080.00
---------------------------------------------
Sub Total 13601.60
Less: Cash Discount -1080.00
---------------------------------------------
Amount Payable 12521.60
=============================================
Pls Tell me How can i do in Tally 7.2

what is deemed public company?

HI
I COMPLETED PE -II IN NOV 2008 ATTEMPT.
I NEED TO OPT CA FOR ARTICLESHIP.IS THERE ANY CUT OFF DATE FOR OPT CA AND SUBIT FORM 103 TO INSTUTITE FOR REGISTRATION ALONG WITH RS 10000 DEMAND DRAFT.
AM I COME IN NEW SYCALLBUS OR OLD SYCALLBUS? WHEN I ELIGIBLE FOR CA FINAL EXAM.

HELLO TO ALL....

DOES ANY ONE HAVE J.K.SHAH'S STUDY MATERIAL FOR PCC?? I NEED IT AS SOON AS POSIBLE AS I HAVE AN EXAM IN JUNE...

PLEASE IF ANY ONE HAVE ANY SUBJECT'S STUDY MATERIAL OF J.K.SHAH FOR PCC, PLEASE SEND ME...

MY EMAIL ID IS - dushyant_adhia_mba @ yahoo.co.in



THANK YOU TO ALL

hey friendz,
i m right now CA final student and my final attempt is due in nov 2010.
Right now i m in TYbcom so at this moment i cant apply for CS admission as v r eligible for only one additional course at a time. After my TYBcom Exams in this March, ill be able to start with CS course.
Can you tell me exactly what is the procedure to get registered for CS course?
will i get exemption for CS foundation?
i want to appear for CS inter Exams due in Dec 2009..

Thank you.

hey hi i m a CA Final Student and wanna grasp a high command over MAFA...wat shud i do ????which book shud i prefer????i m at zero level rite now..and really want to score in high numbers...pls show me the rite path ..,,also for all subjects..

My client is rendering student visa services under brand name of a chandigarh firm. Franchisee does not do any billing on franchisor. franchisor and franchisee share commission recd from foreign universities. Franchisor reimburses franchisee expenses as branch. IELTS classes are run independently by franchisee under prop. firm. Na share is paid to franchisor

Is service tax registration necessary to franchisee.

DEAR ALL

I AM APPEARING IN NOV 09 FOR PCC. THE NAME OF AAS HAS CHANGED TO SA. IN MAY & NOVEMBER EXAMINATION WE SHOULD WRITE AAS NO. OR SA NO.

MY SIR HAS SUGGESTED
FOR EXAMPLE FOR AAS-1
SA 200 (ERSTWHILE KNOWN AS ASS-1)

IS THIS PERFECT.