Hello,
1.One Vendor(A&Co.) import 100 Qty. of raw material and pay CD&CVD though bill of entry.
2.After import A&Co supply the same material sales to B&Co through their 5 invoices 75 Nos., but A&Co not register under Excsie i.e.Regn.number not taken by A&co.
3.A&co also send the bill of entry copy after endorsement to B&co.
Sir, My Qyery is as below:-
(a)Can B&Co. take cenvat credit on A&Co invoices in this case that A&Co is not regn. under Excise.
please reply urgently.
Regards

whether ajay jain is good for pcc income tax , if other teacher is there then pls suggest pls give your valuble view in this regard as soon as possible

Dear Experts I would like to clarify my point

Recently there was a notice issued by Service Tax Dept. to the leading Computer Dealers to pay service tax on the payment received by them as discount received on purchase / Sales incentive / turnover discount.

In this instant case compu dealers are selling the branded products such as hp compaq, Lenova, ACer etc

They purchase the goods from the distributors, however they will receive the Purchase or turnover discount / Sales incentive directly from hp / lenova / acer

In this case i would like to know whether the anount received by the compu dealers by what so ever called will attract service tax under the head Business Auxilary Services or not?

If Bus Aux Ser is not attracted by Ser tax? to support this stand Is there any case law available ?

Kinldy clear my stand at the earliest

I am registered under service tax

however my gross receipts is below 10Lakh

so i am eligilble for abatement i.e. I dont charges service tax or deposit tax

however i have input service tax credit.

what should i do

IS IT TRUE THAT WHILE AVAIALING ANY ABATEMENT I CANT CLAIM INOUT TAX CREDIT

Hi friends,

Can any one suggest me that "Audit fee" is a statutory liablity or not?
If its statutory liablity than it includes all fee like VAT audit fee,tax audit fee,consultancy fee etc...


thnx
Manish Pareek

Director's Residence telephone'Bill, Mobile charges, Residence electricity Bill, Society Maintenance Bill etc are paid through Companys Cash or Bank. Whether these are taxable perquisites in hands of the Director of the company? If Yes Then Which Would be Taxable from those mentioned above?

Assessee sold land for a consideration.
in addition to consideration buyer agreed to give 2000 sq ft space to seller, in constructed building, in concessional price.
Is price above concession rate is taxable as capital gain? is any case law to support it?

Whatis the % of service tax to be charge on domestic air tickets

Dear Friends,

our company has paid Rent Directly to Landlord on behalf of Employee of Rs 1.88 Lacs.
What will be the implications:-
1. Should we include full rent paid in the salary in the employee & deduct tds on the same from the salary u/s 192? any exemption to be given to employee?
2. Should we deduct tax from the amt given to Landlord u/s 194I?

Ours is a post production house and generally it takes 4-5 months time to complete a particular job. during the progress of the work we receive some part payments from the customers. When the service tax is payable on part payments received. Is it in the month of receipt or at the time of raising the final invoice. Please advice.