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Rakesh Rao   21 November 2013 at 16:01

Form f for sales tax

Dear Sir,
We have send one mold ( made by steel) from kalol - Gujarat to Navi Mumbai Maharashtra for Hardcrome platting process (some material deposition occurs during process) (for jobwork) and will received back from Navi Mumbai.
my query is whether we have to send material with Form 'F" is mandatory or we can issue form F afterward but before receive back material if we missed to send. second query is my suppiler is charging for Maharastra Vat @5% on 75% of basic value and also charging service tax 12.36% on 70% of basisc value. As per my knowledge for inter state transation cst 2% must be charged

Please relpy as soon as possible

Rajesh   21 November 2013 at 12:53

Housing property

Housing Property purchased in 2009 is sold in 2013 and inflation indexed capital gain is invested in bigger house with additional funds arranged by way of housing loan.

I have another housing property purchased in 2007, which also i have sold now. Can i claim for capital gain benefits from sell of this property by way of clearing my housing loan taken for bigger house as it is not a directly investment in my already purchased bigger house.

Vinod   21 November 2013 at 00:24

Applicablity of pf and esi act

Dear Expert,

When PF and ESI is applicable to an organisation. What are the No. of workers or employees in an organisation.

Thanks

Amit Kumar   20 November 2013 at 20:52

Service tax by receipient

The notification no 30/2012 http://www.servicetax.gov.in/notifications/notfns-2012/st30-2012.htm talks about payment of Service tax by receiver of services. I have queries regarding the following clause: "services provided or agreed to be provided by any person which is located in a non-taxable territory and received by any person located in the taxable territory;"

1. Was this implemented for the first time w.e.f. 1 July 2012 ??? So if some one wants to pay the tax voluntarily, is the same is to be paid from 1 July 2012 only.

2. Is the limit of Rs 10 Lakh not applicable to it ???

3. I submitted ST-1 form and got print out from https://www.aces.gov.in/, it refers to some documents for individuals like PAN Card and Address Proof, are the same enough. And is this to be submitted to the Service Tax Department by Post or in person.

Atul Aggarwal   20 November 2013 at 18:01

Punjab vat refund

Whether refund can be claimed against ITC standing in respect of Capital Goods?

Nirav Mehta   20 November 2013 at 16:52

Transfer of property before registration

Dear Sir, I purchased a property from a builder and a Agreement of Sale (not registered) was executed. The same was done two and half years ago. I have paid 95% of the sale consideration to the builder. I now wish to sell the property for the same price which I had purchased (Due to some urgent requirement of funds). How to go ahead with the transaction and show the same in my books of accounts? The Sale Deed between the Builder and me is not yet executed the property is not yet registered on my name. Can I get the registration done on the name of the purchaser of my property? Please suggest the tax implications for me ?

Alpesh   20 November 2013 at 11:49

Winding up of company : distribution of assests to members

Dear Experts

In case of Winding up of Pvt. Company, distribution of surplus Assets to Members : Whether the capital Gain Tax is attracted ?

If we have only Capital of Rs. 3 crore and not any physical Assets then Whether we need to pay any Tax thereupon ?

KRISHNA RAO GOWD   19 November 2013 at 17:15

Issue of form h by an eou

We are an 100% EOU engaged in manufacturing and exporting of petrol run three wheelers from Andhra Pradesh. We bought CNG kits from a Pune party and issued a Form H against thier invoice. We have submitted the BL copy for the entire vehicle with CNG kits.
We have fitted these Kits to our vehicles and billed the same to a Merchant Exporter in India sending the goods directly to the port as prescribed in the customs and Central Excise rules and claimed the export benefits from DGFT.
Now the Pune dealer says the Sales Tax dept in his state has rejected the Form H saying under the Sales Tax rules the sale of goods purchased against Form H can not be sold to any body else and have to be directly exported. How a transaction which ia allowed by the Customs and Central Excise is invalid under the sales tax law?

C..a......STUDENT   19 November 2013 at 16:54

Tds on licence fee to private gas agency

Will TDS provisions be applicable on payment of license fee to a private gas agency?

If yes, under which section TDS be liable to be deducted?

Please reply.

sundar sastri jain   19 November 2013 at 01:29

Drafting of these points and mode required in lease deed

Sir, can the legal heirs let out house property,even if it is not registered in their name as the joint owner(lady) and her only son expired, can the grand son let out the said property along with the other legal heirs i.e.members and get the Income from house property divided(equal share) in all legal heirs name as this would highly reduce the tax liability.....

Another question can 194-I of income tax act,1961 be evaded(as section says 1,80,000 limit per member) if all the legal heirs authorise grand son to collect rent OR still tds be deducted as rent pm exceed the limits specified....How grand son be assessed in respect of his share including tds if any

My last question mode of authorising grand son

My last query will it be suficient if in lessor(grand son) introductory para merely named followed by a sentence Without mentioning all the legal heirs name as "......the legal heirs jointly authorise grandson(name) to do acts,deeds,favours in relation to or in connection with let-out of said property/shop"