Our company are in the business of printing our own advertising directory and magazines,manufacturers of diares for corporates,printing of annual reports etc.we also taking job work of printing others magazones etc.

we are registor under service tax as we have to charge service tax on Advtisement services to our customer who wish to give advertisemnet in our directory.our directory are distibuted on demand to anybody without any cost.
this directory is printed in our own factory only.we have to pay excise duty on paper,inks,and various consumable,disel and stores and spares etc.for printing this directory.We are treating the excise duty as a part of our total material and consumable cost.
We are not registered under Central Excise Act.

Query:

1) Can we take credit of Excise duty and utilise the same against service tax liability for our directory (under the category of sale of Space or time for Advertisement)

If we can take these credit please provide us the procedure and format of records to be maintained.

2) Can we correct our past records and intimate the department to avail the excise duty credit which we have not taken till date.



3)Please also confirm whether "printing of directory, Magazines, Catalogue etc. is not a manufacturing activity as per Excise and therefore exempt. Or it is excisable activity but subject to 0% excise duty.



Regards,

Sir

can you send an accounting manual praforma
to me it's very urgent for me

please send it ASAP

Can Short term Capital Gain u/s 111 A sett off with business loss

I want to ask that we are prop. concern we have purchase plot costing Rs. 12,55,000 /- and besides that we have paid 80000 /- for stamp duty can we add stamp duty in the in the value of plot and we also want to show these expenses in my Indirect Expenses so can i. Please sought out my problem and tell me the journal entry of the above said


Thanks in advance.

Dear All,

I have a query which i am putting here as below:-

I have a house property as self occupied acquired 5 years ago.

I have entered into a purchase agreement with a builder regarding purchase of a flat in a under construction building.I will get the possession after 6 months from now.

I have a plan to sell my existing self occupied property and i want to avoid LTCG on the same.

As per section 54 of Income Tax Act, I can purchase a house property "one year before the date of transfer" to avail exemption of LTCG.

In my present situation as discussed above, my questions are as below:-

a) Will i get exemption under section 54 of Income Tax Act for my booking of A FLAT in a under construction building. Will it be a "purchase" and not construction so as to qualify for "one year before the date of transfer" cretaria ?

b) What will be the "date of purchase" ? Will it be the date of buy agreement or the date of getting possession ? This is relevant because accordingly i will plan the date of sell to qualify for exemption under section 54 of income Tax Act.

If answeres are based on any Rulings/circular, please indicate some reference so that i can retrieve the same.

Thanks

Subhash Sinduria

Dear Freinds

If a sick company (Listed, trading suspended) has not complied with the requirements of filling annual accounts and returns for continues 5 yrs. Whether it existing directors are disqualified under section 274(1)(g) or they will get some relief as the company is a sick company and reffered to BIFR.

Thanks and regards
Gourav Mehta

Can CST be set off against VAT??

what is the stamp duty to be paid on share certificates issued ( not transfer) in case of pvt ltd co in the state of karnataka

When we supply material to government department they deduct TDS on supply bills also. Is it valid to deduct TDS on supply of material.

In case it is not valid then where can we find reference for not deducting the TDS on supply bill

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