Asha
24 December 2011 at 09:55
I have a querry regarding works contract under respective state VAT's, My querrie is that when a person is executing WC transactions, he even operates interstate transactions,
For suppose when a person in A.P is executing the work contact for a person in Maharastra. To execute this when the contractor is using the goods from Karnataka state and those goods goes to Tamilnadu for finishing and these finished goods are used in for executing WC in Maharastra.
Now my question is :
1.Please tell me the levy of tax all yhe transactions.
2. When in some cases if the Contractor not under Composition sub contracts to a Contractor under composition the how will the levy and tax credit goes?
3. Please tell me all the possible Issues.
Thanks in advance,
Regards,
Anonymous
23 December 2011 at 20:45
What information can be deduced from ITR filed in business category about business of any person?
Asha
23 December 2011 at 19:02
Dear Sir,
We have registered Service Tax under "Repair & Maintenence" Category.
I am raising the Tax Incoices on monthly basis & take liability of Service Tax at the same time according to new rule.
I would like to know the service tax entry if I received 1 year advance. For instance, Amount given below :
One Year Advance : 86,292.00
Monthly S.Tax : 741.00
Regards
Asha.
Anonymous
23 December 2011 at 18:23
While filling the ST-3 online, there are only 6 cells to fill in the challan details. In case, there are more than 6 challans, where to enter the details. It does not accept if I put comma or slash or space.
Please do reply urgently.
RAJESH CHOUDHARY
23 December 2011 at 18:14
Hi kinldy check the calculation on interest on Tds.
Bill Date 8/4/2011 amount Rs. 35000/- on profeesional services.
Tds Amount Rs. 3500/-
Interest Rs. 420 for 8 month Delay if deposited on or before 25 days of December.
TDS IS DEDUCTED
Rakesh Panwar
23 December 2011 at 13:04
Dear Experts
Myself Rakesh Panwar working in Hotel Industry, my question is that can we claim ITC on the raw material which is used for cooking of food for the staff, if not what is the criteria to segregate the amount of ITC which is not to be claim as the purchase is booked totally and its not possible to book them seperately.
Anonymous
23 December 2011 at 09:42
Assessee proposed to avail benefit of an Exemption Notification (Condition that no CENVAT Credit will be availed). The department has objected on the ground that the assessee is not an eligible unit as per the Exemption Notification. Assessee is still of the view that it is an eligible unit, and hence, duty was paid under protest.
For this purpose, the assessee has neither availed the Credit on Capital Goods nor has he included the CENVAT portion in the value of Capital Goods, rather the CENVAT Credit is kept in a separate account.
There may be two cases:
Case 1: Where finally Exemption is allowed after litigation, this credit would not be available.
Case 2: Where finally Exemption is disallowed even after litigation, this credit would be available.
Question - 1: In case 1 above, whether it is possible to include the above CENVAT portion in the value of Capital Goods on receipt of the final decision and claim depreciation on the same?
Question – 2: In case 2 above, whether it would be possible to avail the benefit of CENVAT credit on receipt of the final decision?
Please suggest as per the provisions of Central Excise Law.
Anonymous
23 December 2011 at 09:23
I have purchased the property in 2001 in Rs. 275000/-lacs now in 2011 I have sold it in 1000000/-. My annual income is 450000/-.
Please tell me in detail the IT provisions regarding sale of property & how this deal will have impact on my return? How can I can save max. tax ?
d. chandra sekhar
22 December 2011 at 12:14
Service Tax Department has issued a demand notice for payment of service tax on provisions (current liabilities) mentioned in Balance Sheet.
My client utilize lorries for transportation of commodities to different places in A.P. He got the service tax registration as GTA. For that, he will pay service tax on the payments made to lorry owners as per the service tax provisions. At the end of year my client provide provision in balance sheet for payments of lorry freight to different lorry owners. The contention of the department is service tax is also applicable on the provisions provided in balance sheet.
Can any one clarify this matter or if any judgments available on this issue?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Reply experts
DEAR SIR,
What is the meaning of Works contract.Under the works contract if one party are providing goods and services to other party and other party are in composition scheme,at that time how much rate charged under service tax and under vat.WHY? Explian in briefly manner sir.