uttam jain
02 March 2016 at 18:58
Whether pulverization of sugar amounts to manufacture?
One dealer who is purchasing sugar from manufacturer who is charging excise duty and cess on his sales bill..and dealer is pulverising sugar and packing in the size of 50 and 100kg packs under its own brand and then selling it to other party who's using the same for making cookies and confectionery.
If we want to passed on the excise whether he needs to take registration as a first stage dealer?
And if he is taking registration as a manufacturer then what will be the rate of duty on pulverised sugar..
Please suggest..
vikrant patil
01 March 2016 at 13:07
respected sir ,
I am government employee and want save my huge income tax deductions per month from salary.
actually my monthly salary is Rs90000,and my income tax deduction from salary is about
Rs 9000 per month which very large.
Means in a year I contribute Rs 1 lakh for income tax which is very huge amount.
actually i very strongly need this money for my future which iam losing every year.
my salary dicription ias below.
TOTAl salary Rs90000/-
DEDUCTIONS
Income tax Rs9000/-
G.P.F(Fund) Rs10000/-
Other Deductions Rs11000/-
TOTAL DEDUCTION RS30000/-
IN HAND SALARY Rs60000/-
does increasing my monthly contribution of RS
40000 per month to GPf(FUND)can reduce the tax deduction per month.if yes then by how much
2.please tell the chances how i can save my income tax
Please guide from when the provisions in budget 2016 will apply for stay of demand against depositing 15% of total demand while appeal is pending with CIT (Appeal).
AJAY KUMAR AGRAWAL
26 February 2016 at 15:43
We are going to hire vehicle liek jeep/cars for providing Women Helpline services i.e. to attend to various problems faced by women like home problems, eve teasings etc. I want to know Service Tax implications thereon. On which party at which rates? kindly clarify.
Nitin
25 February 2016 at 16:38
Dear Sir, I have a query relating to transaction Value, please find as: 1. A Government Ordnance Factory is engaged in manufacturing of Guns which are issued to Armed forces and police Forces, as per the orders of the Ministry of Defence (MOD), all the guns are required to be compulsorily inspected & tested by its testing wing before its removal from Factory. Thus Inspection of Gun is mandatory before removal. MOD issued another order that 4% of the cost of guns to be recovered from the all the police forces under state Govt under state Govt. as cost of inspection. Cost of inspection need not to be recovered from Armed forces as it already falls under the ministry of defence itself. Now my query is that whether inspection charges to included in Transaction Value and charge excise duty on the 4% along with the Value of Gun or, testing and inspection be treated as separate service rendered by ordnance Factory to State Police Forces, or both service tax and excise duty is payable? As per the definition of Transaction Value under section 4 of Central Excise Act, price which the buyer is liable to pay includes in transaction value and liable to duty of excise. since the inspection charges are incurred before removal and the buyer is liable to pay inspection charges along with the price of product so in my opinion it must be included in transaction value. Is there any case law / circular/ notification available which state that service tax and excise cannot be levied on same value. Please look in the above matter and guide me.
Shehbaz H Naqvi
24 February 2016 at 16:48
Sir,
I have sold my property for Rs 92 lakhs and i received Rs 50 lakhs in cheques for this deal.
Now i want to purchase a property which is of Rs 11650000/. How much should I take amount in cheques. plz reply urgently. i am a govt servant working in university as assistant professor.
Service tax applicability in case where project is complete.Apply for approval for completion with competent authority.
Approval is deemed to granted as per law.
50% of Flats are sold & 50% appox. un sold.
Physical possession is hens over to 75% customers those purchase the flats from builder 7 other are paying their installments as per their agreement.
What will the status of un sold flats. Is service tax will applicable or not.
Thanks
hkbabber
anil kumr
21 February 2016 at 06:54
we are returning apprx. 5000 Nos of. used and empty catridges to HP, under HP's Take Back to Recycle in order to reduce environmental impacts.
These catridges have no commercial value and is being sent to HP for dstroying without causing any damage to the environment. This is NOT ASALES activity. We are a charitable hospital at Ernakulam and have no K Vat registration as we are exempted from registration as no commercial activities are carried out by us.
When we approached HP to take these catridges from our premises, HP engaged their transporter for picking up it from our stores. However, the transporter is now asking us to provide a form 15 and transaction slip. On the above we request you to kindly arrange to advise on the below ;
As we are being a Non commercial and a charitable hospital How we can issue a form 25 and transaction slip to the transporter for taking out all these items to HP upto Mumbai? Do we have any alternative on this.
As this activity does not involve / attract any commerical activity why these documents are still required by the transporter.
Is there any alternative way to handle the situation instead of submitting the form 15 and transaction slip as required by the transporter.
Kindly advise on it.
with regards
Anil
If we sell the goods more than Rs2 Lakhs It is mandatory to mentioned the PAN of sell and Purchaser, Pl give the comments
Claims only through revision of return?
Capital gains accrued to the assesse against which exemption was claimed u/s 54. Inadvertently the CG schedule was not filed in the return as there was no tax effect. Is it necessary to file a revised return? Can the AO deny claim of exemption on grounds that the schedule was not filed or a revised return was not filed? Refering to the decision of the Supreme Court in Goetze India Ltd., please guide. Also, can anyone provide a copy of the high court/ tribunal's order of this case?
Rgds,
CA Ritika Pundir