S.Srinivasaraghavan's Expert Profile

Queries Replied : 3560

About me

I am a Chartered Accountant, Cost Accountant and a Company Secretary.

I am attached to Amalgamations group of Chennai. I am also on the Board of some of their group companies, besides being a CFO & CS of Simpson and Company Ltd..

Interested in Carnatic Music, Deep reading of Science and Spiritual books and reconciling scientific truths with spiritual experiences, Travel, Games like tennis, cards etc., Watching documentaries on Animal plannet, Discovery, National geographic etc., Internet browsing - websites of Wikipedia, Nature, Astronomy and Professional forums.

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NiDhI says : both grps or single?
sir .. i am a pcc student which is considered better . ? *scoring good in xams by giving it grp wise ( 1 grp in may and other in nov). or getting just pass marks but giving both groups in 1 attempt . (both grps in may)?? coz i have lot of syllabus of grp 2 to be covered and my attempt is due in may 09 .. my id is prab30aug@yahoo.com

reena says : service tax matter on Job Charges or Business Auxi
Advice us to what the exact implecation of service tax on Marble Job activity.from when it is applicable to the Job and whats the Exemption Limit for the same.also tell us what' the item include for taxable service? For Job any MAterial cost i.e. Block Cost and Freight thereon is included for calculation of taxable service limit?

prasad mullapudi says : ED, VAT
sir, i have passed PEII in november 2007 i wish to gain knowledge in in excise duty vat etc. I know about the subjects a little bit . But i want to be well versed with the subject. how can i get such knowledge

Prodip Das says : Rate of Service tax for Adv Agency
Sir,I have little confusion on service tax to be applicable on advertising agency. In general Service tax is applicable @ 12.36% on 15% commission. But I would like to know the treatment of tax where the agency pass on certain discount to it's client and there is proof of evidence of such discount in the invoice raised by the agency. Suppose the agency pass on 9% discount and reflects it in the invoice. In such case whether service tax would be on 6% net off discount ( 15%-9%) ? or it would as usual @ 12.36% on 15% . Can you refer me any notification or case study in this regard.

venkatrao says : service tax
A Company will contract with local vendor ( contractor) who will provide Human Resources - These resources will go onsite and work on the Company's client locations - Contractor will invoice the Company for the cost of resources in INR- local sales Company will invoice in US$ the onsite Company's entity at cost plus statutory markup- export sales Questions: Can the contractor avoid invoicing the Company without Service tax since the resource is working Onsite ( deemed export ?) Can the Company take duty credit/refund for the service tax paid on the contractor bill, since it will be exporting these services? Can the Company utilize the service tax paid on contractor bill for adjusting with service tax liability on Import of Other services – ie on Finance Shared Service Centre, payroll etc. Waiting for an early reply. with good example if possible