Hi Experts,

How to proceed on partner claims based on the Invoice No. + Sales + Qty from a large database to pay claims to partners? Given data and overall analysis with explanation?

Does Service Tax apply for Renting or Hiring of Diesel Generating Sets? If yes, kindly provide me the A/c Head for tax for the same. Thks & Rgds.

How our principals will be calculating the leave while preparing the form to b sent after exam.Is it 1/7 th of actual period served proportionately?If that be the criteria many of us wil be having excess leave no?Suppose a situation we are not taking any more leaves..But if we put it like excess leave comparing 1/7 th of actual served period as the eligibilty,and we r not taking any more leaves ,then what abt the leave eligiblity for the reamaining period of service?Or is there anythng like 135 days / 140 days for the whole year service like that?

At time of physical stock taking , it was that actual stock level was different from clerical or computer records. What can be the possible reasons for such differences? How to deal with such differences?

What r the points that distinguish Perpetual inventory & continuous stock taking?

DURING THE PROCESS OF AUDITING, IF THERE IS GOODWILL IN THE BALANCESHEET, THEN WHAT ARE THE POINTS TO BE VARIFIED AS AN STATUTARY AUDIT?

Sir/Madam

I'm a PE II passed student.I've started my articleship from 23rd October but I've bought stamp dated November1 2008. My query is if my articleship registration commences from 1st November will it cause a delay of six month to my first attempt of final exams? I have read somewhere that it should be up to 31st October. Could you please clear my doubts.

Thank you

SIR ,MY CLIENT HAVE LOCAL PURCHASE INPUT TAX CREDIT ,NOW HE IMPORT (HIGH SEA PURCHASE) ,THIS ABOVE GOODS SALE TO LOCAL SALES AND INTER STATE SALES AND TAX LIABLITY OF THIS SALES GOODS CAN BE SETOFF AGAINST INPUT TAX CREDIT OF LOCAL PURCHASE.

IMPORT PURCHASE GOODS TAX LIABILITY STATEMENT
TAX LIABILITY OF LOCAL SALES = 4%
TAX LIABILITY OF INTER STATE SALES = 2%(C FORM)
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TOTAL 6%
THE ABOVE TAX LIABILITY OF IMPORT GOODS CAN BE SET OFF OR NOT AGAINST LOCAL PURCHASE INPUT TAX CREDIT PLS PLS PLS PLS CLARIFY SIR

I HAVE PURCHASE a PLOT ON DEC 2007& PAID STAMP DUTY & REGISTRY CHARGES RS. 78540.THE CONSTRUCTION OF HOUSE ON THE PLOT WILL START ON 2009.MY QUESTION IS WHETHER I CAN CLAIM DEDUCTION U/S 80C FOR STAMP DUTY & REGISTRY CHARGES IN THE A.Y 2008-09.

Dear friends,
Please provide your inputs respect of reversal of Cenvat credit, availed on capital goods, at the time of retirement of asset:

Case1: Capital Asset (useful life 4 years) is retired within 1 year of its acquisition?

Case2: Capital Asset (useful life 4 years) is retired after 2 years but less than 4 years?

Case3: Capital Asset (useful life 4 years) is retired after its useful life i.e. 4 years?

As per second proviso of Rule 3(5) of Credit Rules: "Provided also that if the capital goods, on which CENVAT Credit has been taken, are removed after being used, the manufacturer or provider of output service shall pay an amount equal to the CENVAT Credit taken on the said capital goods reduced by 2.5 per cent for each quarter of a year or part thereof from the date of taking the Cenvat Credit".

What will be impact of this proviso in above mentioned cases?