Import of services

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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2016 A proprietor firm import services & no service tax charge by service provider.

whether service tax liability incurre to service receiver under reverse charges ??????????

whether CENVAT available for this?????????????????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

31 May 2016 Service tax applicable to service receiver under reverse charge. Cenvat credit available for this.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2016 A Proprietorship firm take a loan from bank. for bank loan bank open new account & credit loan amount in new a/c. now the question arises what is the entry for that transaction ???????????
bank A/c Dr.
To _________________
what is the entry in case of loan repayment ??????????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 June 2016 To bank loan ac Cr.

while repaying the entry will be in reverse.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2016 A PROPRIETORSHIP FIRM SALE BUILDING (FIXED ASSETS) ON AUGUST MONTH & NO OTHER BUILDING REMAINING IN HIS BLOCK OF ASSETS.

NOW THE QUESTION IS:- WHETHER DEPRECIATION AVAILABLE ON BUILDING FOR 6 MONTH OR NOT???????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 August 2016 No depreciation will be available.

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