Dear Experts,

As we sending our machinery for repairing purpose..

service provider or job worker is replacing some damage parts or poor parts in the machine and charging a single invoice including vat and service tax as per below example:

Repairing charges : 10000
service Tax 12.36% 1236

Material value : 500
input vat 4% 20
Input vat Ad 1% 5

Invoice Value :11761.00

In this case can we avail the Input VAT Credit? If yes, then how could we show this particular Inovice in our vat return

Please advice

Thanks!
Sohil Patel

sir,

i had a car(fixed assets), which i sold at 360000. can anyone tell me the tax implications on these sale of a car.

What is the procedure for changing registered office of Private Limited company with in same state and in same ROC?
what is the format of Special resolution?

my partners in the business is retiring from 31.03.2014 . I have the stamp paper of rs 500 dated on 03.04.2014 . can i use for preparation of retirement deed on it ?

what next i have to follow step as per the legal view.

on which date i have to purchase or use the stamp paper in this matter , pl provide the range of date allow ability to use the stamp paper for this matter ?

what is the income tax rate for private limited company earning income from foreign clients through paypal?

What should be the Accounting treatment in the books of a Limited Company for following situations :
Q 1. what should be the journal entry for payment of Additional Demand of CST on account of assessment of earlier years in the current year. Can it be booked as current year's Expense.

Q 2. What would be the journal entry if Bill for Certification services by a CA for the year 2012-2013 is received in 2013-2014 and no provision for the same expense was made in the year 2012-2013

As per Section 14(1) of companies act 2013 for the said conversion approval of National Company Law Tribunal is required.

I want to know that what will be process to take approval and in which form approval needed to be taken.

Sir,
We are purchasing cash vouchers from a party where he will print our company name on the paper and delivery to us. in his bill there will be no vat and service tax. It is like composite contract where paper is material and printing is labour. Now the question is TDS applicability. If applicable on what amount we have to deduct. In his bill he wont give amount for labour and material. simply he will give total amount. monthly overall bill amount is Rs.35000/-.

Sir, Our Company goes for prepayment of loan taken from another Company (NBFC) against which security deposit amt will get released by lender. The net effect is receivable to us. but lender has not considered TDS on prepayment charges charged by him so we received lesser Amount and they told us that TDS is not applicable because prepayment charges is not come under professional fees nor as interest.

So please clarify whether Prepayment charges under above scenario will be subject to TDS Or Not ?

Respected sir,

If an assessee (Individual / Partnership firm) who is having TAN but they are not paying any such sums on which TDS is deducted…means there is NIL transaction then my question is that whether they have to file their quarterly TDS return of NIL activity… Like in VAT Laws, an assessee who is not having a turnover, but he has to file return of NIL turnover.

Please guide…