Dear Sir/Mam,

I have been auditing the Hotel. I have a query regarding wheather can the co, take credit of vat paid on the purchase of Material for the construction, furniture and fixtures, paints, saintary fitting,etc........., pls quote the relveant section as per VAT Act, it will be useful for me for the report

1)A co has registered for GTA service on 25.03.07 only. whether it has to pay service tax for freight paid from 1.01.05 (notification date) or from the date of registration?

2) Whether due date is 5 th or 25 th of suceeding month for GTA service tax?

3) If it pays the service tax by one day delay, whether int rate applicable is for one day or one month proportionately

If a company has been incorporated as wholly owned subsidiary.

now after 2 years, holding company is making further investment, then whether capital reserve / goodwill has to be calculated on subsequent investment.

If calculation has to be done then under with para of Accounting standard.......

At the time of both investments, it is only wholy subsidiary..

please anyone reply fast, i m in very my urgent need of it...........

Company has been incorporated as Wholly owned subsidiary.

now when subsequently after 2 years if holding company is again making further investment in same company then whether capital reserve / Goodwill calculation has to be made or not?

if yes, under which para of Accounting Standard and if no then plz provide the reason.

what are the documents should be audited in case of import purchase.
when should the purchase be booked?

also if there is an agent for clearing good?

can capital reserves be utilised for the purpose of issue of bonus shares, given that the capital reserves are insufficient to meet the need of the entire issue.
Thus should the capital reserves be first exhausted and then the accumulated profits be used.

sir iam having a construction company in karnataka . i have an own land and i have started construction on my own with out giving any contracts.we have constructed more than 12 units.weather any service tax is applicable.and also i heard that builders have different categories to pay the service tax can you give me brief about the following im waiting for your valuable suggestion

Dear Members,


Payment made to TNT India Pvt Ltd Rs. 84592/- . The Bill shows the following details i.e. Rs.83092/- towards duty amount and bal towards handling charges.

whether TDS should be deducted on the above amount of Rs.83092/-

Thanks in advance

Tejashwini

Referring to the previous query....Can the Tds deducted and remitted for the same party in April and May 08 be adjusted with the Tds to be remitted for the month Of March08???

Hey guys i have a problem, A client has not files his annual return since 1999, his is a pvt ltd company in maharashtra.

The problem we now face is that some of the audit report dates are of october which does not fulfill the criteria of having AGM withing 6 months ie september and its mandatory to approve the report in AGM..

Can come one help me with a solution? i need some help ASAP