Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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SANDEEP KUMAR SAHA says : ST ON TRANSPORTATION CHARGES-reg
AN ASSESSEE(PROVIDER) HAS SHOWN TRANSPORTATION CHARGES RECEIVED IN THEIR INCOME & EXPENDITURE A/C AN AMOUNT OF 50 LAKH. IS HE LIABLE TO PAY SERVICE TAX? IF YES,THEN TAX LIABILITY HOW MUCH? IN WHICH CATEGORY THAT SERVICE FALLS? IF THEY DID NOT RECEIVE SERVICE TAX ON BILLS OR INVOICES,THEN THE TAX LIABILITY WILL ARISE OR NOT?

PRASHANT KUMAR SOM says : valuation of shares
what will be the treatment of revaluation reserve for the valuation of shares of the company

sajani aryal says : bonus share in the book of investors
we all know that bonus issue requires no accounting treatment in the books of investor.But sir would you please kindly state if there is any statement in accounting standard that substantiate such treatment of bonus issue. Hoping to get your reply.

RUSHI GSTM says : Reverse Charge Mechanism Payment
R/Sir, Service Provider: Proprietor Service Receiver: Pvt Ltd.Co. We are a pvt Ltd company receiving service from proprietor firm for Rent a cab scheme operator service. Service Provider is not charging service tax in bill. How much service tax is payable by company under Reverse Charge Mechanism Payment.is 100% or 60%(40%abatement)

Ruchi Agarwal says : purchases not accounted in 2011-12 BUT PYMT MADE
A Pvt Ltd Co. has not recorded a bill in the preceeding Financial Years on which VAT is levied. But the Co. has made the payment to creditors on 06/01/2014 through cheque. We are Builders & Developers eligible for Composite Scheme on MVAT.i.e. we are not claiming Input Tax Credit. CAN A PVT. LTD. RECORD THE PURCHASE BILL OF PRECEEDING YEARS IN THE FINANCIAL YEAR 2013-14 ??