Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

C.A Alok Mukherjee   18 June 2011 at 14:30

issue of VAT on sale of used paper Carton

We are belonging to Dairy Industry.

Paper Carton are basically end roll of main purchased materials like butter and poly film. It is like a spool on which the film is kept. Such Carton / Spool are made with paper or paper board. Hence this is a packing material for the seller and for us a generated scrap. We sale it as used item like scrap/ waste etc. The assessing officer is of the view since there is no reference in West Bengal VAT to treat such scrap item as packing material / input and be treated at 4% as per schedule C rather for this it would be at general rate. Now we have seen that waste paper bears tax rate at 4% in serial no 81 of schedule "C". Can we plea in appeal that such item since made with paper since scrap it is "waste paper" and hence 4% is relevant for this.

I prey experts please give your views please if possible some referance case law.

sunny bagla   18 June 2011 at 12:19

Central Excise

Hey frnds plz suggest on below query,
*can we take CENVAT credit on steel items (HR Plates, Angles etc) used during manufacturing of machine items like Oil Tank, Air Vessels etc. the steel items were provided by us to in-house contractor

*Are we need to take manufacturing Registration for the said machines from Excise Department for CENVAT credit purpose.

*Whether we have to pay excise duty on manufactured machines vale added items and shall we take Cenvat credit of the same.

rajkumar rawat   16 June 2011 at 11:49

commodity hsn codes of restaurants

pls sent me a common code of commodity of restaurant & kirana store.

Anonymous   15 June 2011 at 15:03

cenvat claim on purchase of Propane Gas

dear sir,

i want to know that can we take cenvat claim on purchase of propane gas which is used for production purpose

Anonymous   15 June 2011 at 14:49

cenvat claim on purchase of Propane Gas

dear sir,

my question is that can we take cenvat claim on purchase of propane gas which is used for production purpose.

Deepak Kumar   15 June 2011 at 14:46

Cash Payment Above Rs. 20000 - Income Tax

Hi

I have come across a interesting case wherein I wants to take your opinion.

Case: One construction company having various construction sites wherein site-in-charge have been appointed for dealing day-to-day expenses of the concern site. The company is transferring required amount of fund to their account for meeting expenses.

What I observed there that for avoiding cash payment above Rs. 20000, site-in-charge is making payment by issuing account payee cheque from his personal account to parties.

I wants your opinion whether this practice is legally allowed to avoid cash payment exceeding Rs. 20000 or whether it still attracts section 40a(3)for company.

Apart from the income tax, Is there any other non-compliance on the part of company.

Anonymous   12 June 2011 at 15:21

querry for tax

sir,
i am graduate, and want to become a trademark and patent agent sir tell how can i become an agent as earlier as possible

Anonymous   11 June 2011 at 16:49

GIFT TAX

Hi:
My son-in-law and daughter, who are persons of Indian Origin, have become U.S. Citizens.

They jointly own a residential flat in Mumbai, i.e. the sales aggreements are in both of their names.

They want to gift the above Flat to my wife, i.e. mother-in-law of first holder and mother of joint hol.der.

Please advise whether this is possible without attracting gift tax.

However, if gift tax is applicable in the above case, please advise whether the above flat can be jointly gifted to mother of fikrst hol.der and mother of joint holder without attracting gift tax.

Regards,

KRISHNAN

nikhil kumar   09 June 2011 at 20:46

supreme court judgement

how to find the complete text of supreme court judjement on excise law on internet

Anonymous   09 June 2011 at 13:50

VAT

Whether Slump sale will attract VAT?