CAclubindia

Queries Replied : 570

I am a Guwahati based Chartered Accountant. I serve my clients on direct and indirect taxation matters.

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pupun dutta says : queries
sir i'm working with shilpa associates it has vat dealer of karnataka & andrapradesh work contractor please say about TDS (WCT) and what % briefly

Ramesh Kumar Nibhoria says : E1 form for TAX FREE goods
Dear Sir, Is E1 form can be issued/ required for TAX FREE goods. It is TAX FREE only in the state of sales. What is the procedure otherwise Warm regards, Ramesh nibhoria@gmail.com

Dayal says : Reimbursment
Just a thought process and I thought of sharing it with you I was reading an article on Reimbursement amount group companies which is an unavoidable process. After a fair reading I have the following views Reimbursement of Expenses among group companies [subsidiary] would now, according to my understanding will attract service tax in view of the enlarged definition of BSS and would be covered under the administrative services This is because the words mentioned in the said definition “operational assistance for marketing” has now been substituted with the words “operational or administrative assistance in any manner.” Therefore reimbursement of expense like air fare, hotel stay paid by one and claimed as reimbursement from the subsidiary through debit note would attract service tax If you could possibly express your views on this

RAJESH JAIN says : INPUT VAT CREDIT REVERSIBLE DURING STOCK TRANSFER
SIR WE HAVE OUR BRANCH OFFICE IN BANGALORE AS A DEALER AND OUR HEAD OFFICE IN TAMIL NADU AS A DEALER. AT HEAD OFFICE WE IMPORT THE MATERIAL AND SOME MATERIAL IS TRANSFERED TO OUR BRANCH OFFICE BY MEANS OF STOCK TRANFER AGAISNT FORM F. THIS IMPORT IS NOT CHARGED ANY INPUT VAT. SO PLEASE LET US KNOW HOW TO REVERSE THE INPUT VAT WHICH IS NOT CHARGED

srikanta says : VAT/Service tax
Sir At first sorry for my bad English. I am a student of MCA. I develop some software my self. I am facing some problems bz I want to business with them. And also I design web pages. My purpose: 1. I want a company name. 2. I want to accept account payee cheque. 3. I want to design web pages+service and develop software+service. 4. Software are note only custom design( 1 to 1) but packages(I want to sell 1 software to many) also. Present position: 1. Already I have got Trade license form howrah municipal corporation as a “Software development” company. The trade license is generated by HMC followed by act 102. And the give me a permission of a store room.(Gudam). 2. I have got Professional tax papers etc. 3. PAN card. Problem: what is relation between software and store room? Bz in software business there is no transfer of goods(as I see your previous note in caclubindia.com). My Questions: 1. Was HMC made some mistake to generate my trade license? 2. how much% vat will I charge against my client(if any)? 3 how much% service charge I charge against my client(if any)? 4. what is the true type of my company(like- software development/it consurn/other)?