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Displaying Queries 1 - 10 of 352 in 36 pages

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CA Anurag Vishwakarma

asked On 10 May 2016 at 10:55

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Excise returns er4, er5, er6 and er7 are not required to be filed

The Central Excise Returns ER4, ER5, ER6 and ER7 are not required to be filed w.e.f 1st April 2016 (refer notification No.8/2016 CE(NT) dtd 1.3.2016 & 13/2016-CE(NT) dtd 1.3.2016 ). Assessees can continue to file these returns in ACES for the past period.

A new Annual Return, is prescribed under Rule 12 (2) (a) of Central Excise Rules, 2002 read with Rule 9A of Cenvat Credit Rules, 2004. The new format will be notified by the Board. The same has to be filed by 30th November 2016.

Whats the meaning of this line - Assessees can continue to file these returns in ACES for the past period.

Bhagwan das

asked On 11 March 2016 at 01:11

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Telangana VAT act stock transfer restricted

In 2014 June andhar & Telangana separated
And we open our branch in andhra and Ho at Telangana and we transfer stocks from Telangana to branch in Andhra And sales done in Andhra and we paid output tax and input tax is 0 now Telangana commercial tax officer restricted stock transfer and put
Tax labity on stocks transfer .what his obligation is thst we are taking input in Telangana where we purchase locally and sending stock transfer to other state and paying VAT their so Telangana govt loseing VAT. Pl advice us any act to clearly on this.

CA Ronak Jain

asked On 14 February 2016 at 12:09

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Please Help, I had applied for the trust and the trust is registered as Religious Trust Due to Religious Trust we are unable to get 80G exemption Certificate . We carried out charitable activities during the last three to four years. 80G exemption was rejected on the basis on some objects of Trust deed . After this rejection we communicate with Alibag Charity Commissioner and given application for remove religious object. The Assistant Charity Commissioner Raigad Region, Alibag Passed the order and accepted the changes. As per me IT Officer (Exemption) should consider the changes and accept the trust as charitable. But the officer told to terminate(cancel) the trust and form a new trust. My doubt is new trust will have same trust name and even pan number will be same. I think trust should be amended rather than cancelling and forming new trust. Please help me by any section or case law to proof

Sachin Gole

asked On 30 January 2016 at 22:18

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is car theft claim settlement taxable in india

Respected experts,

My car was stolen in May 2015, the insurance claim was settled after 8 months of mental torture and harrasment.

My car was 14 months old when it was stolen, I had renewed the policy after 12 months and the idv was 80% of initial ex showroom price.

I had done some partial payment of my car loan hence idv was more than my loan outstanding amount with the bank.

The insurance company had a weird requirement of receving loan closure documents before the claim could be settled which bank was not comfortable with.

I had no choice but to close the loan by arranging for the loan outstanding amount and then finally received the whole of claim settlement amount in my account.

Could you please help me understand if this claim settlement amount of idv would be taxable as per IT laws.

Logically the idv of a car can never be more than the depreciation value of the car. but wanted some expert suggestions on this matter.

Please feel free to reach me on in case you need additional details pertaining to this.

Appreciate your guidance on this issue.

Sachin Gole.


asked On 21 January 2016 at 10:06

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West bengal purchase tax applicability

Dear Sir,
We have engaged the contractor who is a non resident to west Bengal state vat tax act.
The contractor mainly does civil, plumbing, interior, electrical supply, laying & installation works at the property owned by us towards renovation.

In this regard we are deducting
works contract tax as per the applicable section of the WB vat act.

In this scenario,whether the purchase tax will be applicable , if so this will be liable in the hands of the contractor or to the person(company) who is owning the asset .

surajit manna

asked On 15 November 2015 at 15:25

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Filling of er - 7 return

Dear Sir,

we are filling ER - 3, so Can we are liable to file the return ER - 7 ? pls mention the notification also .


Surajit Manna

Nookala Subrahmanyam

asked On 06 October 2015 at 09:28

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Penalty and interest

Recently EA 2000 audit was conducted, the audit officer has pointed out that one of the entry of excess credit taken in April 2014 amount, and asked us to reverse the cenvat we have done the reversal in Sept 2015. In review meeting Commissioner (Audit) advising the audit officer to demand of penalty under 15(1) of CE rules and interest. This rule is not retrospectively amended, how could they demand u/r 15(1).
Further we have been maintained the balance of amount in our cenvat account. It is very clear that the cenvat availed but not utilized. Hence, there was no question of interest. Experts please comment on this.

Please comment on this

Dilip Domadiya

asked On 16 September 2015 at 19:05

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Vat credit reduction in gujarat ogs sales

Dear Sir

i want to know credit reduction on outstate sale under gujarat vat law

purchase within state 2515015/- tax 126016
purchase from outside state 13471718/- tax 269434/-

sales within state 17260935/- tax 863045/-
sales outside sales 8277654/- tax 165554/-
branch transfer 1780250/-

please find attached file for detail information of sales & purchase


asked On 07 August 2015 at 17:26

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Regarding notice for vat assement u/s 29(2) and u/s 29(4) of punjab vat act, 2005

Dear Sir,

We have received notice from the department u/s 29 (2) and U/s 29 (4) of Punjab Vat Act, 2005. I want to know that can department send us the notice under this section for financial 2009-10. Is this the right time to send the notice. We deal in sale of Electricity which is Tax Free Goods, Are we liable to receive this notice if receive notice under this section. If we have replied against this notice can department refuse to give us the copy of our letter after signing.Please advise


asked On 29 July 2015 at 08:18

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income tax deducted

Sir, i am working in psu bank as a clerk is a ST of assam Deori tribe and presently posted in arunachal pradesh. When my arear came, income tax was deducted from me. When i enquired whether i have to pay income tax in scheduled area from the hr dept. they said tat only the ST hill people are exempted from income tax here. Plz guide me.

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