IS THERE ANY ANNUAL RETURN IS TO BE FILED FOR PROFESSION TAX . IF PL SEND ME THE DETAILS

Respected Dear Sir(s),

We hv following query. We request your Valuable review on this.

The assessee is paying service tax on goods transportation by road freight....as a service receipient.

The assessee has availed credit of ST paid by it on Advertisement Exp. and have utilised the same for paying service tax on freight, payable by it as a receipient of service.

The assessee has done so upto 1st March, 2008, under bona fide assumption that, it is a "deemed service provider" and therefore can take credit and utilise the same for payment of service tax on frieght.

Sir, Will u please guide us as to
1. Whether such a credit can be availed and utilised by the Service Receiptient for Payment of Service Tax on Freight ?
2. Which are the sections/provisions/rules under which the assessee is eligible OR not eligible to availe and utilise such credit ?

Thanking You.

Awaiting a reply.

HI ALL

I AM 26 YEARS OLD HAVING 4.5 YR EXPERIENCE IN ACCCOUNT DIVISION OF 3 FINANCE COMPANIES.

MY PROFILE IS AS FOLLOE:

Ø Processing Salaries for the Regional staff i.e. Permanent & Temporary both.
Ø Cost Centre Accounting (CCA): Organization, Customizing and Maintenance.
Ø Preparation of accounting schedules required for accounts finalization.
Ø Preparing Bank Reconciliations Statement on daily basis.
Ø Payment & Reconciliation of ESI & Professional tax liabilities.
Ø Processing & Reconciliation of Petty Cash Account for the Entire region.
Ø Preparation of MIS reports to provide feedback to top management on financial performance.
Ø Preparation of P & L for Salary & Expenses.
Ø To keep watch on bank inflow & outflow, & accordingly make projection for next day.
Ø Verifying, Processing, & recording Travel advance requests, Employee claims, Payment requisitions.
Ø Expenses booking of all the Branches for the Entire region.
Ø Recording of routine accounting transactions in the accounting system, such as Cash, Bank & journals etc.
Ø Tracking the total outstanding of the company on a daily basis.
Ø Maintaining and monitoring of Fixed Assets Register.
Ø Looking after Full & final settlements of employee.
Ø Ensure timely payment to Vendors & landlords as per agreement or payment terms.
Ø Follow up with Bankers for reversal of Bank Charges and Interest charged.
Ø Ensure timely & accurate Closing of accounts by due dates.
Ø Coordinating with auditors for the Finance & Accounts Audits & solving their queries.


How much salary i am suppose to get in pune city ?

Is the basic exemption limit of Rs 10.00 lakhs applicable each year? ( like IT)
Or liability to service tax arises as soon as limit of 10.00 lakhs is exceeded in each year ? Suppose an assessee has 5 lakhs,7lakhs,10 lakhs as billed services during last 3 yrs how the service tax provisions would apply

Thanks for your offer to clarify
subrahmanyam

Please ans the following 1)whether goodwill is required to be calculated every year(assuming no change in % of holding) 2) For the purpose of calculation of goodwill, whether value of investment will be converted at closing exchange rate or it will be at purchase cost only(company having all foreign subsidiary). 3)if company puchased share in differnt date than how goodwill be calculated(assuming on the first acquisition holding subsidiary relation established)

suppose i am holding the shares a company & that company is coming up with right issue . so my question is that can i get the shares in right isssue

I just want to know if the promoters of the company would necessarily be the first directors of the company also? is there a chance that the promoters after forming the company not taking up any managerial responsibility?

*GOOD EVENING SIR*
respected sir!
at present i am facing the double challenges. these are 1. articleship botheration, 2. c.a.final exams preparation.
sir i want a suitable suggession from your's point of view that if manage six hour's a day and read two or three subjects daily then is it possible for me to clear c.a final exams ? my first attempt will be going to be held in may 2010.

retired junior engineers have been engaged on Rs10000.p.m.for providing their services at 132kv sub station as per order of managment due to paucity of man power.pl.give reference of sectin under which tds will be deducted.

is thr any ceiling of 30 TOTAL audits by the ICAI? or that has been enhanced to 45?
and where as the cos. act says of 20 co. audits in which not more than 10 be of co. having a capital of 25 lacs.?
plz elaborate