C.J.Sriram
27 June 2016 at 18:15
In view of the decision of the Delhi High Court in June 2016 w.r.t WP(C)2235/2011, what is the position of collecting of service tax on under construction flats, or flats to be purchased.
If a person book a new flat with UDS registration for land and a separate construction agreement registration as it exist in TamilNadu, should he undergo still the service tax element OR is it that it is not applicable after the High court judgement as above. Pl advise
Sanju
26 June 2016 at 14:03
A (P) Ltd. is a manufacturer that transfers stock from state of Punjab to another state X with NIL tax liability via transfer under Form F. In the Invoice it is mentioned in BOLD that it is Consignment transfer.
Goods are received by a Proprietor Mr. Ram in the other state X. Mr. Ram has taken VAT, CST and ET registration in his residing state (i.e State X). He gets Form F issued and submits it to the Company periodically.
Now, Mr. Ram sells the goods to customers of different category as follows:-
Category 1 - Sales made at NIL Margin
Category 2 - Sales made at 4 % Margin
Category 3 - Sales made at 12% Margin
Also Mr. Ram receives Commission at 2% on Goods received and sold out.
Mr.Ram pays Output VAT collected and also Entry Tax on value of goods received. However Entry Tax is Reimbursible by the Company to him.
Consequently I am confused as to the treatment of such transactions in Income Tax and Sales Tax in the hands of Mr. Ram the proprietor regarding following matters:-
1) Whether this transaction Comes under purview of Consignment Agent or Distributor? what will the nomenclature or nature of Business of Mr. Ram?
2) Whether Form F given is valid as per law?
3) What will be the Turnover in his hands (Mr. Ram) for Income Tax purpose?
4) Can Mr.Ram make sales to customers at high margin when he is receiving goods via Stock Transfer under Form F ?
5) Whether the company A (P) Ltd. has to take VAT registration in the transferee state X for showing stock transfer under Form F ?
Karan Arora
25 June 2016 at 14:27
MY QUES IS WHETHER WE CAN REVISE AUDITED RETURN FOR A/Y 2015-16 WHICH HAS BEEN ALREADY PROCESSED BY CPC BANGALORE?
WE HAVE ALREADY SUBMITTED REVISED FORM 3CB-CD FOR A/Y 2015-16 ON 28-10-2015 BUT FORGOT TO REVISE THE RETURN AND NOW THE RETURN HAS BEEN PROCESSED BY THE DEPARTMENT. CAN WE STILL REVISE THE RETURN WHEN RETURN HAS BEEN PROCESSED AND REFUND HAS BEEN ISSUED.
AJAY KUMAR
24 June 2016 at 11:56
Sir,
If we give goods on free as a business promotion than vat applicable or not.
please advise.
AJAY KUMAR
24 June 2016 at 11:11
Sir,
If we have give any taxable goods to any shopkeeper on zero value (as a sample). than vat or cst applicable or not.
Advocate Ankur
23 June 2016 at 17:48
Dear experts
My father died 2 month ago. He has Rs.6 lakh outstanding service tax for past years which is not yet paid.
Do I need to pay his service tax since i received all his assets ?
Do i have to pay interest/Penalty as well ?
Someone told me too get stay from court and take time to pay.
what will happen if i don't pay tax ?
Please Help.
Pawan Kumar Yadav
23 June 2016 at 12:17
X & Co has a industrial unit wished to sell it and invest some amount in a office space at a commercial space.Can they claim exemption of capital gain tax on the invested amount in office space?
MANOJ
22 June 2016 at 15:06
Sir / Madam
Can anyone let me know , within how much time formalities for change of business address needs to complete for AP Vat.
Thanks ,
PANKAJ
22 June 2016 at 10:44
1. IS tds is applicable on deputed employee
2. is service Tax is applicable on Reimbursement of expense/ Debit note
Pls solve this query
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GST
Sir's can you please suggest me some remedies to settle past tax dispute before GST is implemented.