I'm a Tour Operator & Travel Agent based at Agra. I get my Domestic & International Ticketis issued by an IATA Agent in Delhi. For which my associate agent in Delhi issue Invoice in favour of my company, and charge Service Tax @ 0.6% on Basic Fare (in case of Domestic Tickets and @ 1.2% on basic fare (in case of Int'l air tickets).

I also issue my Invoice for the same ticket to hand over to my clients and charge the same rate of service Tax (as by my associate agent in Delhi.

Means, I charge the same amount of Service Tax, which I have already paid to my Associate Agent in Delhi (who is issuing tickets for my clients).

So my question is that-

1.Would I be entitled for Cenvat Credit of the Service Tax/ Cess, which I have already paid to my Agent in Delhi??

2. If I'm entitled for Cenvat Credit, should I not pay any Service Tax/ Cess (locally in Agra) for the tickets issued thru my agent in Delhi.

3. I came to know that if one claims Abatement, he is not entitled for Cenvat Credit. As I'm charging my clients @ 0.6% and 1.2% on the basic fare of tickets (means I have claimed the Abatement), will I be entitled for Cenvat Credit??

4. If I'm not entitled for Cenvat Credit, I would be paying DOUBLE Service Tax/ Cess (1. to my Agent in Delhi & 2. in Agra locally), where as I'm charging the Service Tax from the client only for one time.

Paying the service tax/ cess for the second time (locally in Agra) would reduce our profits.

KINDLY ADVISE.

Yours Sincerely,

Anurag

We are using Accounting Software to print Excise Invoice on plain paper generating automatic invoice number. I want to know if the computer System fail or Software fail or no power in office and we want to sale product at that time, how can i prepare excise invoice, pls share the information, procedure for the same.

Thanks in advance

there is a syaing by experts that for opening an account for HUF we shouldnt use own (any member of HUF) money rather it should be opened through borrowed money...WHY??

How we make such tax planning??

Respected Seniors,

What will be the result if Tds deducted is not accurate or according to the law?
e.g. If HRA exemption u/s 10 (13A)is given to an employee for a rented house in other state while he is living in his own house at the place of present posting. He has a loan for that house & also availing deduction u/s 24 (b).

The Emploee is posted at X city. He has his own house in that city. But he wants exemption u/s 10(13A) for a rented house in city Y because his family lives there.
But as per sec. 10(13A) he can not claim exemption if he is not living in that house. Am I right.

If a person of indian origin want to leave India & he was going out of India tnan he has required Tax clearance Certificet from income tax department for going out of india?

Dear Sir,

Please reply my question that how can be treated the key man scheme insurance which premium is paid by the company.

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So, the service tax amount to be taken as 'input credit or output Credit' if take as putout credit then it can be setoff to input credit?

How the tax assessment is done on share & Stock.

Dear sir

while submitting the return of income of one of my client, my assistant had wrongly entered the PAN no. of her husband instead of her PAn No whili filing her return of income for the AY 2007-08 through efiling mode. at that time the system had accepted the same in that PAN no (without showing that the name in return is wrong) in the month of MArch 2008. now the Income tax officer has issued a penalty notice u/s 272B for quoting of wrong PAN no accepting that return of income was her only. kindly suggest me how i resolve this case

sir ,
we are service provider can we claim the input service tax on input service like rent , courier charges , telephone charges 100% our turnover is not more than 15 lack.