HOW I MANAGE VAT, SALES PURCHASE IN TALLY 7.2

Hello All,
Can you please help me with your expert advice on the following? :
My company is installing a pipeline and related other plants & machineries for transportation of chemicals. Pipes have been purchased for the purpose and stored. The installation process has just started and operationalisation of the plant including the pieline will take at least one year.
After operationalisation service tax will be applicable transportation charge for "Transportation of goods through Pipelines".
Please advise me -
(1)whether CENVAT Credit for ED paid on pipes and other plants, Srvice Tax paid to Project Consultants and other service providers for implementation of the project will be available for adjustment against Service Tax Chargeable on Transportation Charge?
(2)If so, what records and in what format do I need to maintain to satisfy the central excise/service tax authorities to avail CENVAT credit?
(3)When should I claim the CENVAT credit and what is the procedure for the same?
(4)How should I treat the ED and Ser. Tax paid during construction activities in my books of accounts for claiming and utilisation of CENVAT credit? Can you please suggest me appropriate entries in the books of accounts?
It will be a great help.

Thanks & regards,

Aditya

I cleared my CA Final in 2nd attempt.........
can i get through campus placements.....
how should i prepare for that.....

Sir,
Can you please explain me a doubt in capital gains.
Case: A person obtained a land as gift( before 1981), on which he constructed a building. On demand of the buyer X (who what to purchase only land)in the year 1999-00 he demolished the building and it remained empty from then on. In the year 2008-09 he sold the land to same X. Here can he claim the expenses of demolishing the building as cost ( or exp of transfer).
please mention the case if any.

One of our client had branches all over India, having different Service Tax Registration. Now the company wants to have centralized registration in New Delhi Head Office.
Kindly tell (as per service tax act/rules etc) that the cenvat credit standing in all the branches & HO will be transfered to the new Centralized registration?

Regards

Suchit Seth

One of our client had branches all over India, having different Service Tax Registration. Now the company wants to have centralized registration in New Delhi Head Office.
Kindly tell (as per service tax act/rules etc) that the cenvat credit standing in all the branches & HO will be transfered to the new Centralized registration?

Regards

Suchit Seth

in order to get full knowledge in income tax what should be the method to follow

I have cleared my CA-Final examinations on Nov.'08. I am getting
the oppuurtunity to carry out my remaining articleship as industrial
trainee. But my training is now remaining for 7 months without
extension. On the other side its with extension is more than 9 months.
Can i join industrial trainig. Then after extension it wil be
complteting at the end of October. Will i eligible for Campus
placement which will be held on September and October'09.
Kindly update me

Dear All,
Ours is a private limited company with 3 directors 2 of whom are promotors with 2/3 and 1/3 share. They are taking almost 1.6 lac per month i.e. 19.2 lac pa
1. Can I take a substantial amount of this as consultation fee paid to them. As this would make TDS only 10.33%.
2. Since these two persons hold substantial interest in the company, being share holders will it be a problem

SIR,
CAN YOU PLEASE EXPLAIN THE TAXABILITY OF GAIN/LOSS ARISING FROM TRADING IN FUTURES & OPTIONS.

AS PER SEC43(5, THEY ARE NOT TREATED AS SPECULATIVE TRANSACTIONS. THEN UNDER WHICH HEAD OF INCOME SHOULD IT BE CONSIDERED- BUSINESS INCOME OR SHORT TERM CAPITAL GAINS.

ALSO PLEASE EXPLAIN ABOUT THE TREATMENT OF LOSS ARISING THEREFROM SUCH TRANSACTIONS (SETOFF, CARRY FORWARD ETC).