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atul kumar sonipro badge
26 March 2009 at 19:25

cenvat credit

if i want to cenvat on purchases then is it mandatory to cenvat credit indivisual (means cenvat basic,edu. cess,h.edu.cess seperate) or can i take cenvat credit total of cenvat basis,edu cess,h.edu cess)
& also i want for above what statutory requirment.


Khushal Parekh
26 March 2009 at 19:25

service tax liablity

I wish to know about s.tax liablity,
we are consignment agent of one south India base company,they sent goods to us for further sale,they raise a consignment transfer note/invoce-in which they show basic rate+ex.duty+plus commision amount+insurance+transportation= bill amount.
After this we produce sale invoce,than send a salepatti,shows detail of sales.
They had given instruction to us to diduct the amount of commision,as well as amount of freight,which we have to sent directly to transport company,with diduction of TDS.
My query is is our liablity to pay service tax on transport +commision amount? commision amount for whole year is arround 5-00lacs. where fright amount is arround rs.10-12 lacs.
As existing consultant says when company show-add fright in consignment note,we not need topay any S.tax,as our commision is under limit of S.tas examption.
Hope you will offer your valued opinion.


Mathivanan

Is the Basic exemption limit of Rs.10.00 lakh applicable to all the forthcoming years after Registration of First Year ?

First year we have charged service tax.

In the subsequent year ,Whether we can wait
upto reach the Rs.10.00 lakh billing completed ? or
Is it mandatory to charge from the 1st billing ?

Please help to clarify the Query.


atul kumar sonipro badge
26 March 2009 at 19:00

confusion related to bank

what is definition of nationalised bank, schedule bank,public sector bank & private sector bank & what difference between above.


srinivas
26 March 2009 at 18:57

276C

Hii can anyone explain the difference between the provisions under Section 276C(1) and 276C(2)


kamlesh
26 March 2009 at 18:57

career

Now i appeared for ICWA final examination,whether icwa has good scope for practice in income tax, as i know cost accountant can not signed or approved the accounts of the company. i plan for the CA course,so give me the advice on that.


sandeep kumar thakur

i wish to ask how many previous years r allowed for calclulating 89/1 tax relief. is there any restrictions? How much % of total arrear can be segregated in previous years.is that 40%? What is the procedure under this scection? seeking ur advice.


Vikas Khandelwal
26 March 2009 at 18:40

House Property

i have a property which has been given on rent of Rs. 125000/- per Month to a Pvt. ltd. Co. which used this property for the Hotel Business.

Accordingly my query is that such property is covered under immovable property as prescribed under service tax and can i also liable to charged & Deposit the Service Tax on Rent.


Basavaraj
26 March 2009 at 18:28

Tax Consultant

Dear Sir,

I have complete BCOM MCOm and GDC&A and CA Intermidate now i have plan for propritory firm as a Tax consultant
what i will do? what is the procedure and where I will register,

please advoice us
Email ID:- basavaraj_nalwar@yahoo.com


Basavaraj
26 March 2009 at 18:27

Tax Consultnat

Dear Sir,

I have complete BCOM MCOm and GDC&A and CA Intermidate now i have plan for propritory firm as a Tax consultant
what i will do? what is the procedure and where will register,

please advoice us






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