PG Mathews
13 January 2014 at 22:02
We have purchased a flat in Pune in 2012. The agreement is dated Feb 29,2012. The building was completed and ready for occupation. We obtained loan from HDFC bank and made the full payment to the builder at the time of agreement. Stamp duty was duly paid and the agreement was registered. The bank while sanctioning the loan must have verified all the required documents and only then passed the loan. The builder handed over the completion certificate dated Mar 07,2012 in Jun 2012.
Now last month ie. Dec 2013 he has asked us to pay the service tax.
Kindly advise us as to whether we are liable to pay the service tax as we had made the full payment at the time of purchase and surely the bank had also verified all the statutory documents including the completion certificate. In case the builder insists, what is the remedy open to us. Please let us know where we stand on this issue.
Thanks in anticipation.
P.G.Mathews,
Pune.
BEENA SINGH
13 January 2014 at 12:55
under which act of law a legal action can be initiated against the C Forms defaulter
Raju bhai
12 January 2014 at 10:29
We often give discount to the customers. I want to know about LAW on what value we have to pay discount ?
I have purchased a Tin of Mustard oil in
Rs: 1000.00 Per Tin.
Added my Profit Rs : 50.00 .Its landing cost became Rs: 1050.00 Per Tin .
Added Vat @ 5 % ( Rs: 52.25 ) then it became Rs: 1102.25 Per Tin.
Now We have to pay 2 % Discount to the Party. Let me know according to law on which Amount we can deduct 2% on Rs: 1050.00 or on Rs: 1102.25 ?
atul shkeharbhai nagarkar
11 January 2014 at 18:10
how to give answer of vat notice? please suggest book or links.
yogendra prakash sharma
11 January 2014 at 14:47
मेरी माँ के saving bank account में 1600000 रूपये थे। जो कि उन्हें मेरे पापा की मृत्यु के बाद पापा के gpf और gratuity के कारण मिले थे ।चँकि जिस खाते में ये पैसे थे वह खाता एकल था इसलिये उन्होंने दूसरी बैक में अने बेटे और बहू के साथ नया खाता खोलकर अपनी बेरोजगार बहू का pan card लगाकर पूरे रूपये (सोलह लाख ) transfer कर दिये । मैं यह जानना चाहता हूँ कि इस process में किसी पर income tax तो नहीं लगेगा और यदि लगेगा तो किस पर और कितना ? gpf और gratuity का पूरा पैसा इसी सत्र में आया है । अर्थात उन्होंने अपने एकल खाते से अपने ही दूसरे बैंक के JOINT ACCOUNT (SELF+HER SON+HER SON'S WIFE) में TRANSFER कर दिये हैं ।
YAGNESH HASMUKH DAVE
11 January 2014 at 12:05
A FIVE FAMILY MEMBERS PURCHASED THE LAND JOINTLY HAVING EQUAL SHARE IN THE YEAR 1992 NOW THEY WANT TO CONSTRUCT THE RESIDENTIAL COMPLEX JOINTLY BY PREPARING THE P/DEED AMONG THEM. NOW THE COSTPRICE OF LAND BY EACH MEMBER BEING SHOWN AS HIS CAPITAL IN PARTNERSHIP AND LAND VALUE ACCORDINGLY IN THE BALANCE SHEET OF PARTNERSHIP FIRM. WHETHER INCOME IS PAYABLE ON MARKET VALUE OF LAND IF THE LAND OF EACH FAMILY MEMBER IS CONSIDERD IN THE B/SHEET OF PARTNERSHIP AS STOCK OF LAND AT COST PRICE ONLY IS RS 12500 EACH.MARKET VALUE AS ON TODAY IS 10,00,000/- PL EXPLAIN HOW TO ENTER THE LAND VALUE IN THE BOOKS OF PARTNERSHIP AT COST PRICE OR MARKET PRICE WHETHER MARKET VALUE IS COMPULSORY OR NOT
Ashraf
11 January 2014 at 11:34
Dear Sir,
please reply the following qestions
1. Whether Goat farming on agriculture land whether considered as agriculture activity or Not ? is it exempted income ?
2. Whether cattle farming on agriculture land whether considered as agriculture activity or Not ?
3. if above farming on other than agriculture land? ?
Himanshu Kothari
11 January 2014 at 10:24
Sir,
1.Is Sale Tax is applicable in Sale of Plots.
2. Is Sale Tax Applicable in Sale of House /Flats.
3.When we are constructed by own.
4.We are giving construction contract to any contractor.
5. we are laible to deposit sales tax on sale of flats or we are only laible to Dedeuct WCT and deposit it to sales tax department.
What we have to do if the contractor have no TIn no..
i am from Uttarakhand State
Amit Kumar
10 January 2014 at 11:03
There is late filing fee of Rs 1,000 + Rs 100 per day prescribed for late filing of return under Service Tax. But under which head it should be paid - under 00441461 or any other code !
Did not get proper reply from Range Officer... and code as provided on ST-2 are:
Types of Services Accounting Codes (Tax Collection Other Receipts [Interest] Penalties )
1 Information technology software service 00440452 00440450 00441461
CESSES
1 EDUCATION CESS 00440298 00440299 00441486
2 SECONDARY AND HIGHER EDUCATION CESS 00440426 00440427 00441487
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Goods imported at cocessional rate of duty under not.25/99 for manufacture of intermediate goods
A FIRM IS IMPORTING GOODS'A' ON COCESSIONAL RATE OF DUTY UNDER NOT. NO.25/99-CUS THRU A PROPER PROCEDURE FOR MANUFACTURE OF INTERMEDIATE GOODS'B'WHICH IS TOTALLY BEING USED IN MANUFACTURE OF FINAL PRODUCT'C' & FINAL PRODUCT'C'IS BEING CLEARED ON PAYMENT OF EXCISE DUTY.CAN THEY AVAIL THE BENEFIT OF THIS NOT.25/99? IF YES PLEASE CLARIFY THE SAME.
THANKS & REGARDS,
R.S.RAWAT