vijay kumar agrahari
11 May 2014 at 10:51
Dear Sir,
I got a 81(covered)/144 Sq Mtr Semi- furnished house registered in my name from UP Awas Vikas Parishad on date 16 April 2013 for Rs 2098513 only.After completion of over a year on date 29/04/2014, I have been asked to pay RS 63571 as service tax.
My queries are-
1.can the service tax be levied after registration of property in my name that also after completion of over a year.
2.Should the value of the land i.e Rs 1001052/- not be exempted from service tax.
I shall be highly obliged if I get a speedy response, as the referred letter dated 29/04/2014 has to be complied within 15 days.
Regards
Vijay Kumar Agrahari
Lucknow
9415884649
CA Vikalp Agrawal
10 May 2014 at 12:55
Please help…..if NRI works in Singapour (Foreign Country) earning income from salary and he transfer money from singapour to his Indian bank account and from out of such money he purchases Capital Assets (Land) in India, my query is…what is the Income tax implication arises in India and Singapour also?
saju sathyadevan
10 May 2014 at 12:45
Sir,
My client has encroached a plot coming under the municipality for which he is paying property tax. He built a house in the year 2001. Now he wants to sell it at 20.00 lakhs. What is the tax implication in the said amount. Will it attract capital gain tax. Also, While calculating capital gain whether I have to calculate indexed cost of acquisition.
Kindly suggest me accordingly.
Sajid.M
09 May 2014 at 10:21
Sir my friend has completed works contract undertaken by him, now i wants to know in which form he should issue bill to the customer and rate of tax charged by him under kerala vat.
Govindbhai
08 May 2014 at 11:29
sir,
We are the importer and holding central excise registration for Cenvat Passing now
we also paid service tax on Transportation
as service recipient.we also paying service tax on Business auxiliary service providing
service
Please advice us.
(1)what is the ratio for availing cenvat credit of service tax for providing service.
2. We are traders and trading is exempted from service tax the how we can avail the cenvat on input service for payment of service tax on Business Axillary.
DINESH NAGWANI
07 May 2014 at 20:08
Hello Everyone,
my clint is having a business of construction of flats. what are the various provisions of Incoem tax, MVAT applicable to him. flat sale turnover is above 1 crore
whether service tax is applicable on it?????
Rajesh G. Jadhav
07 May 2014 at 11:41
suppose one client register in Dealer and doing business. Now one order is received to me and for that I have to buy box from 1 party and accessories from another client and accessories I am giving to 1st party for fitting I am buying from both the client on CT1, I have these export order, please suggest what to do and how to do.
R R Ambavat
06 May 2014 at 17:05
Dear sir/madam, Our company is a trader of yarn having its operations in UP. We are registered agents of a mill (supplier) X in Maharashtra. We will be obtaining these goods under F Form from X. Following are the queries that i have with regards to F Form sale
1) What are the documents required to prove that it was only a stock transfer & not deemed sale to evade taxes. Would a transport L/R be sufficient?
2) Can we show profits in our books on the sale. Eg. goods are transferred at Rs. 150/- per piece & sold at Rs. 155/. Can we show Rs. 5 as a profit in our books?
3) Is there a minimum time period for which the goods need to be shown as stock?
4)Does the registered agent need to compulsorily have & show a godown?
5) What is the liability of a registered trader in case the tax authotiry implies that goods were sent as deemed sales.
6) X of Maharashtra would be transferring the goods to us at UP under F form. We in turn would sell these goods interstate to Mr. Y of Rajasthan under C-form & Mr. Y would be selling the same goods in transit to Mr. Z of Punjab under E-1 Form. What will the flow of forms be in this scenario? I would really appreciate a clarity on this matter as we have not dealt with F forms earlier. Many thanks in advance
Ram Avtar Gupta
06 May 2014 at 16:49
sir,
if we sold any fixed assets before 31st march can we not claim the depericiation for whole year for example we sold our scooter 25.2.2014 than we will not take the benefit of depericiation up to sale date please solve my query
thanks
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Service tax
Is it compulsory to register in service tax if services are given out of Indian boundary