Nimish Karwa
22 September 2014 at 10:10
In ER 1 Return in case of purchase return of dutiable goods we have to show " Reversal of cenvat credit in serial no 5 as " Credit utilized when input goods are removed as such "
My question is whether we have to show assessable value of purchase return in ER 1 Return
Nimish Karwa
22 September 2014 at 10:08
If exporter get payment in foreign currency then bank charges some service tax as per Rule 6(7B) of Service tax Rules 1994 which is as follows
Upto 100000 - 0.12% of the gross amount of currency exchange
Or RS. 30 which ever is higher
Exceeding 100000 – upto 1000000 120+0.06% of the (Gross amount of currency exchange
-100000)
Exceeding 1000000 660+ 0.012% of the (Gross amount of currency exchange
-1000000
or
6000
Whichever is higher
My question is whether exporter can take the cenvat credit of this.
Argument 1. As per Cenvat credit rules 2004 Input service includes financing , auditing . accounting etc
(In inclusive part of Definition)
Argument 2 N.N. 52/2011 of Service tax For refund of service tax on specified services in point 12 this service is mentioned for refund (This notification is applicable before negative list came . After this it has been with drawn
After negative list regime came this (N.N. 52/2011) is withdrawn , then N.N. 41/2012 has been been placed it also support for refund of service tax .
This means if refund is possible we can take cenvat credit .
Please confirm wheather we can take cenvat credit of this service of bank
Monesh Agrawal
20 September 2014 at 12:47
सर
मैं होलसेल सप्लाई का काम करता हुँ, और मैं फॉर्म ३८ के द्वारा U.P. बाहर से खरीद करना चाहता हुँ. और ये चाहता हुँ की वो माल कंपनी से सीधे मेरी पार्टी को डिलीवर हो. इसके लिए मुझे क्या करना पड़ेगा जिससे कंपनी सीधे माल पार्टी को भेज दे।
धन्यवाद
bishal shaw
18 September 2014 at 11:32
what is tax treatment of sales proceeds from rural agricultural land? in case of long term capital gain and income from other source ... plz advice
i am assessee under profit from business & profession ?
ravi
17 September 2014 at 20:25
I had Booked an under construction flat in Panaji, Goa. the work started in aprl 2010 and is still underconst. in my agreement there is no mention of ST or VAT and the flat was booked @ 38000/- per sq mts all inclusive ( except stamp duty) .i have paid 26 lacs already and only 5% is left as balance- on possession. My builder is demanding 80000+/- as ST and 24000+/- as VAT
Some lawyers say i have to pay whereas some on second opinion say i don't have to.
Please, Kindly guide me.
Thankful to You
Regards
Ravi
rajsinghkadyan
17 September 2014 at 18:40
rate of tax on empty lpg gas cylinder in Haryana
Upendra P Sinha
16 September 2014 at 14:51
My son has purchased a Flat for Rs.25 Lacs in an under construction property at Patna in Sep 2012. The property is in the final stage of completion. The 1st sale agreement has been registered after paying stamp duty & registration fee as applicable.
Can someone help me,how much VAT and Service Tax is applicable at present and how it has been calculated.
The builder is telephonically asking Rs. 1.25 Lacs including 20,000 as interest for delay in service tax payment which he has not paid. He is not willing to give anything in writing.
Please let me know whether interest for non payment of service tax by the builder is applicable to me. Till date there is no demand in writing for this. However he has sent several reminder for final 20% payment applicable on completion of the construction.
Your advise is solicited.
Nitish
15 September 2014 at 11:54
Dear Sir
we need your little consultancy in Vat matter
we are Haryana registered party and we do our total sale on F form to our consignee which is situated in Delhi. In Fy-2011-12 we have done around 15 crore sale to our consignee on F from for which we received total amount F from but in same yr we received around 12 crore as a sale return so in our balance sheet only 3 crore is shown as a sale turnover.
But according to our sale tax consultant F form that he needs for assessment is only 3 crore . But total sale was done on F from is for 15 crore. our consignee issue his F from on quarterly bases
I just want to know is that right to do the assessment on balance sheet turnover. But sir according to my knowledge Total F from is needed to do the assessment with sale return
Sir Plz help as we are in deep trouble as demand letter is issued by department
waiting for your reply
hdshardik
14 September 2014 at 14:49
when firm is making loss in last two years , is it necessary to provide the interest on capital on partners capital account ? firm is ready to amend the partnership deed? pl give the insight on it.
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Taxation
a person has taken service tax no as a work contract he can take benefit of cenvat credit on service tax he paid and also on pure labour charges work or not pl explain