Hiren Radadia
27 February 2008 at 18:28

REVISED VAT AUDIT REPORT

I just want to know can Revised MVAT Audit Report be filed if original report was based on returns that were defective or not properly filed and advise given in the audit report based on that returns too was wrong due to non-availability of all records made available by the dealer in time. Can such Revised Audit Report be filed by another auditor if previous auditor who conducted the audit does not consent the same and too does not provide access to the original report filed with the Department.


MANOJ KUMAR GUPTA
27 February 2008 at 16:58

dormant bacteria

are trading their products for waste water treatment and other water and soil treatments.

We at present don't have an IEC code nor are we regd. with C.E. Our products are concentrated form of live bacteria in dormant form in 95% water and 5% alcohol medium. The products may also come in tablet form. Products would be shipped either from USA or Thailand. These products are brought i, diluted with water and used for treatment in Effluent Treatment plats, Sewage Treatment plants and other uses. These bacteria are non-pathogenic harmless bacteria, which may be various strains intended for specific purpose. When the diluted solution is put in the target area, the dormant bacteria, activate and start their vegetative and reproductive phase and eat away the organic wastes, thereby reducing the sludge and improving the quality of water.

We look forward to your help for the appropriate CTH/CETH (customs Tariff Heading), duty structure and appropriate notifications related to this. Also please inform whether for this product having an IEC is also reqd or not. We are not doing any change in the productin India before sale. We would just import it, stock them and sell it to customers. We would initially import all items to Delhi and stock here and all sale billing would be done from Gurgaon office. As far I understand, we should have a LST and CST registration also for domestic billings. Please confirm.


thirumalaisamy
27 February 2008 at 16:08

salary-reg.

person receiving Rs.35000 monthly as a salary,he is not having any proof for his rental house but for purpose of HRA calculation it is needed. is there any alternative please submit me in detail


K.SARAVANAN
27 February 2008 at 16:00

ADVICE FOR TIME MANAGEMENT

dear sirs,

i'm working in the pvt ltd and apparing for may 2008 PE2-Group 2 exams for the first time..now itself i've spend only 4 hours daily for studies. still only two months for exams...this kind of preparation is enough for passing out.. kindly advice me...


sandhya

Can anyone tell me what procedure should we opt for taking input credit- if a service provider registered under different service & the input services taken for providing output services.because we fill seperate return for each service so Plzz tell me the procedure to take the input credit for each servic seperately.


Shrinivas
27 February 2008 at 15:07

GMCS & May 08 Exams

Currently I m working with US MNC and Difficult to manage time to attend GMCS.
I m alos appearing for Gr II Final in May 08, But worried about time management to complete it.



Abhinav Khemani

Hi,

Recently I have attended two days workshop on REITs conducted by NISM. In this regard, just wanted to know whether this is eligible for CPE Hours credit.

If yes, Please advise how to claim this credit and whether It will fall under Structured or Unstructured category.


CA. GOPAL SONIKA
27 February 2008 at 14:46

IMMOVABLE PROPERTY

An immovable property is being let out to a Company which in turn sublets the same to Director/Staff for residential purpose.

Now as per service tax act Immovable property is excluded from the scope of service tax if let out for residentail purpose.

Should the service tax be levied on rent paid by the company to the owner.


Nagendra Kumar
27 February 2008 at 13:45

MODVAT CLAIM


Sir,

we purchased plant and machinery from Gujarat and paid Excise duty on the above purchased asset. The above said machine was used to produce Bislery Liquir,which is again Excisable product as per state Excise Act. Now can i Claim Input cenvat credit, which is paid on the machinery against the Excise duty, on the sale of Liquer?


CA.Mitul Dholakiya
27 February 2008 at 13:39

C.A. as Insurance agent

Hi I am CA, cleared in Nov 2007.I have been working as Insurance agent from August 2007. Now I have a doubt that can I, as a CA, continue my agency of insurance or not? Whether professional etics is applicable? Or if I want to continue my agency, then Can I get membership number or COP?

Hoping early reply.
Thanking you.

Regards,
CA Mitul Dholakiya






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