Jignesh
31 January 2009 at 16:54

Rates & Effective Dates of Service Tax

Hello Freinds,

I would like to know the rates of Service Tax; Cess & S.H.E.Cess ans its effective date from Apr 2005 to Mar 2006; Apr 2006 to Mar 2007; Apr 2007 to Mar 2008 and Apr 2008 onwards.


Shireesh Guru

I am procuring material of L&T through their Authorised dealer based in MP. Earlier He was quoting Price List Rates and giving discount on that rate. During invoicing He used to mention Basic Rate, Discount, and MP VAT. Now we want to procure the material on Net rate exclusive of discount & excise. Can dealer claim reimbursement of Excise Duty and Sales Tax in his Commercial Invoice.


Bhavin Kanabar
31 January 2009 at 16:27

about 80 C


I have a quastion.
My father is retired person as is age of jast 55 now no one income from him.my question is now my parents life insurance can claim in my annual ITR.


LATHA RAMESH
31 January 2009 at 16:08

what is marked to market?

Dear Experts, please help me solve this problem :
"yesterday MR.X sold six months futures on BSE stock index of 3700. today the BSE sensex closed at 3860 and BSE stock index future closed at 3720. MR.X gets a call from his broker, who reminds him that his futures positition is marked to market each day. is the broker asking MR.X to pay the money or is he about to offer to pay MR.X"
Thank you.


barkha
31 January 2009 at 12:37

TDS ON PRINTING & STATIONERY

Whether tds will be deducted on Printing Bill Of Calender, if VAT is charged on it?


@ri...
31 January 2009 at 10:41

Exemption

Our is basically a private company that exports raw materials(which we buy in India) to some of our UK clients. We dont sell anything in India. But now we are about to do some services(out sourcing services) to one of our Indian clients. So should we charge service tax on it.
Say that all the income we get from rendering such services does not exceed Rs 5 lakhs.

Please help me in this issue.


Thanks & Regards
Arihanth


@ri...
31 January 2009 at 10:34

Exemption

Our is basically a private company that exports raw materials(which we buy in India) to some of our UK clients. We dont sell anything in India. But now we are about to do some services(out sourcing services) to one of our Indian clients. So should we charge service tax on it.
Say that all the income we get from rendering such services does not exceed Rs 5 lakhs.

Please help me in this issue.


Thanks & Regards
Arihanth


Priyanka
31 January 2009 at 10:34

Charge Registration

hi
i want to ask whether charge registration is required in respect of cars of company if car is hypothecated with banks???
Please provide the rule/section to be referred to about the same as different views are emerging for the same doubt

Thanks.


CA Balakrishna Bhat

I want to know about those input services taxes, which are not eligible for input credit under cenvat(full list)

Thank you,
Balakrishna


Krishna Marathe
31 January 2009 at 00:14

Excise Duty JOB WORK

Dear Sirs,

I am having some excise queries, as follows.

"A"- Company is located in Mumbai owener of brand say "DELTA" & Purchasing the goods from "B" Company with own brand sand sale it in market.

"B"- Company Is located in Delhi and manufacturing products with Brand "DELTA" for "A" Company and They dedicately manufacture this product only for "A" Company. They Can not sale this product in open market.

My queries are as foolows
=============================
1. A is Purchasing Goods with " DELTA" brand hence while removing goods froms "B" Factory Excise Duty is paid on on "B" s saleing price? Is it correct?

2)A is having Dealer Excise Registration in Mumbai. It is not always viable to bring the goods first to "A" s Company (Mumbai)and then disptch all over india. In that case.

- How to passon modvat to "A" s customer.
- Is it possibel to dispatch goods direct to the customer, from "B" s Factory to "A" s Customer.? What will be the procedure other thant E1 Transaction.






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