Dear SIr

There are two entity. ABC pvt Ltd. and M/s XYZ partnership firm.

ABC pvt ltd is in printing business so it is not liable for Service tax.

Certain process of ABC pvt ltd is carried out by M/s XYZ partnership firm like puching,pressing and cutting.

So M/s XYZ partnership firm is liabeble for VAT or service tax?

respected advisers our organisation is registeted u/s 12/A & we act as an society,our pan based on AOP. submit nil returns in ITR 7 due to accounting policies we still unable to finalised our ac since 2011-12. my query is there any limit of profit earned (let our gross receipts 30 lacs & we spend 25 lacs,i.e. more than 85%, is this 5 lacs is taxable & if yes then what is section in which it is taxable & tax amt how much. plz plz reply rajib kolkata

My query is--
What if I give a Loan to a Company in which there is no related director but there are shareholders who are related.
For example:
there are 2 companies A & B
In Company A there are Mr. Y & Mr.Z directors & Shareholders
In Company B there are Mr. U & Mr. V are directors and Mr. W and Mr. X are shareholders.
What If Company "A" give loan to Company "B" in which relative of directors (Of co.A) Mr.U & Mr.V are shareholders i.e. Mr. W & Mr. X (Of Co.B).




Pursuent to Section 185
Explanation.—For the purposes of this section, the expression “to any other person in whom director is interested” means—
(a) any director of the lending company, or of a company which is its holding company or any partner or relative of any such director;
(b) any firm in which any such director or relative is a partner;

(c) any private company of which any such director is a director or member;

(d) any body corporate at a general meeting of which not less than twentyfive per cent. of the total voting power may be exercised or controlled by any such director, or by two or more such directors, together; or
(e) any body corporate, the Board of directors, managing director or manager, whereof is accustomed to act in accordance with the directions or instructions of the Board, or of any director or directors, of the lending company.

SIR ANY ONE TELL ME WHAT IS THE PROCEDURE TO START THE PRIVATE LIMITED COMPANY IN THE IN THE ANDRAPRADESH WHAT FORMS ARE REQUIRE TO TOTAL PROCESS TO START A PRIVATE LIMITED COMPANY

what whould i study for exam so that it is sufficient to make good score...

sir iam the partner of andraparadesh based firm now the state will bufiricate we have the branch in telnganga we are rigster the both of states vat registrtion no s alloted
it s not a private limited company it is only partner ship firm the company have same name in the both states how to treated the sales and final accounts in the company. till the june 2nd and from june 2nd the how to prepare the financial accounts

for claimang rebate of 2000 the income after deducting 80c of 100000 need to be <500000..is it correct

Dear All

My query is regarding Centralized Registration under Service tax in case of existing Service provider having Various branches with separate registration Numbers ... i Want to know following ...

1. Procedure for centralized Registration
2. what should be done with existing Registration of various Branches ..?whether the existing Registration will be surrendered
3.time limit for the same within which the procedure should be completed ?

Dear Experts,

As we are registered in Service tax under GTA registration...

We are receiving Steam Coal.
Clearing agent is charging Transportation charges of Coal Rs.300 per Mt.we are found their LR copies enclosing with the Invoices at the end of the month on which they have mentioned that "service tax will be paid by the consignee".

There is no any such amount mentioned on the LR Copy.. but at the bottom of the Consignee copy the have mention the same thing "service tax will be paid by the consignee"

In this case whether the liability of service tax payment will be on our side??

we are already paying the service tax on such Invoice after availing the abatement 75% of the freight value..

whether we are liable for the 100% service tax or only for 25%

Pls give your reply to solve my query

Thanks!

Sohil Patel

my client's business is of event management. in this business my client has raised some bill on which service tax liability has been levied in the year 2011. and some input credit also has been taken in 2011 but payment not made. Now my client want to write off debtors as bad debt and also want to book the income as non payment to creditors. what would be the income tax and service tax liability? please advise