Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vinayak Zambre   10 October 2013 at 07:46

Propery service tax

Sir,
I have purchased flat in 2012 which agreement was done before 1 april 2012. At that time service tax was 2.575%.Till date I have not given tax to builder. Builder is insisting me to pay the tax at the revised rate of 3.09%.Should I paid at the rate of 3.09% or 2.575%?

Please suggest and what document I heve to show him so that he will get convinced to accept at the rate of 2.575%.

anil   10 October 2013 at 03:28

Amount limit in bank

Hi,

If my account every month has a transaction of 30000 for last 15 years.

Now my question if i earn a commission of 12 lakhs and i deposit the money in account.

1 Will i be asked question for this transaction.

2 Being a real estate deal i have taking the money in cash and not in cheque.

Please advise me on legal ground.

Thanks

sachin lokhandwala   09 October 2013 at 11:35

Vat credit

Dear Sir

We are providing engineering service to shipping industry in Mumbai I would like to know the applicability of MVAT to my industry I have sold Furniture and P & M during Oct-Mar 14 half and I have purchase of Office Materials and other regular Consumables for office so can I get credit of VAT on purchases on my sale of Fixed assets. Please advice

Ravi Rangaraajan KV   08 October 2013 at 10:48

Tnvat

is there any case law related to unfurctified sales return of motor vehicle trade... My client who is a vehicle (car) dealer at a small level.. The VAT authorities rejected his claim of Rs.49500/= due to sales return of unfructified sales...for the reason that the return date exceeds thirty days, as prescribed by the act......Please advise on how to get the refund of tax.....

Mukesh Khandelwal   07 October 2013 at 16:13

Waiver of interest on sales tax collect under deferment scheme

One of my client avail the tax Deferment scheme 1989 for the period of 22.01.1992 to 21.01.1999. He collects tax from purchaser and the 75% amount use in his business. This business was run under Pvt. Ltd. Co. Due to Honorable Supreme Court guidelines, state Government Issue an order to shut down the business in manner of Population Control. The Commercial Tax department held possession on this unit for recovery of balance Deferment tax liability. Till today from closer the possession of Commercial Tax Department.
The business was closed in running position and suffered with a great economic loss.
After it commercial tax department issue a notice to deposit the tax liability with interest. Assessees apply for waiver of Tax and Interest. The application was rejecting. CTO issue notice for proclamation of sale. Assessee has deposited the original tax liability and request to CTO to please stop the proclamation of sale.
Now assessees want to reapply a fresh application for waiver of Interest amount.
Please guide me and if any case laws available then pleases provide me….
Thanks a lot
With regards
Mukesh Khnadelwal
9828242065

ritesh   05 October 2013 at 12:08

Service tax registration

I filled up online ST1 and submitted for getting registration. Now I went to the jurisdictional officer to submit the hard copy of ST1 with other supporting documents. But he asked to make some changes in ST1 and bring it after changes. I want to ask How I can make changes now online. Pl guide. whether by way of withdrawl of ST1 or making new registration ID.

Pranav Parmar   04 October 2013 at 11:57

Tds u/s 194 c

Whether the limit of Rs.30000 and 75000 under section 194 C is contractor wise or aggregate of all contractors.

gopal   03 October 2013 at 13:43

Agricultural sale

Dear Respectable Experts,

our family have some agricultural lands, due to the need we decided to sale the property.

after selling the agricultural lands

is it income tax is applicable for Agricultural lands sale?

if so , is there any concession for sale of agricultural lands?

kindly provide the info so that we can ask the buyer to afford the taxation amount

Thanks and regards
gopal

Charudutta R. Mhalgi   02 October 2013 at 16:09

Assessment order

Respected Sir,

Sales tax assessment order received without date and same is taken by assessee whether it is valid or not ?

Secondly appeal is made for another matter not for the without date whether that appeal will be valid or not?

Kindly advice for the same.

Ashok Jogalekar   01 October 2013 at 13:06

Service tax on ipr-royalty

"Royalty payments or IPR are taxable under VAT / sales tax as deemed sales, so no Service Tax is applicable as per Service Definition, however it also appears under declared services. When the definition of the service excludes such deemed sale transaction, then why temporary transfer for use of IPR not been deleted from declared services? This anomaly/ contradiction existing in Act/Rules is creating confusion and will lead to unnecessary litigation"... This being the case whether Service tax should be paid in case IPR service is received from abroad under reverse charge mechanism.