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Sagnik   30 January 2013 at 16:47

Who is an importer? &; what are his rights?


Dear all,
We used to import goods from a certain foreign manufacturer under a contract. A clause in the said contract stated that the title of the said goods shall remain with the foreign manufacturer until the entire sale consideration of the goods were not paid off by us. In this situation after the goods were brought into our country but before we could pay off the entire said sale consideration towards the foreign company; the bonded warehouse were the goods was stored in, was burned down in a fire incident & all the goods perished.
In such situation can we claim ourselves to be the importer of the said goods? In what legal relation do we stand in respect of the goods which perished in the fire?
Regards,
Sagnik Sanyal

Rahul   30 January 2013 at 10:24

Vat liability on reimbursement of expenses

Reimbursement of expenses on which Vat paid, during rendering of services which liable for service tax and as per contract such expenses wholly & exclusively incurred by client and on providing actual supporting those are reimbursable, attract the liability to pay Vat on such expenses reimburse by client?
Voluntary registration under the VAT Act obtained for that year.
Advice with suitable case law if any

PRIYA   29 January 2013 at 10:38

Taxability of emoluments ontechnical resignation

Sir, I worked with Central Government for 15 and half years and now I have joined a central autonomous body after submitting technical resignation. I want to know whether amount received for EL Encashment is taxable or not? I cannot transfer my leave account to the new organisation as per their recruitment rules. Please clarify.

denis   28 January 2013 at 16:03

Letter format for cancellation profession tax no

Sir, Profession tax Department allotted Two PTRC no our company. One is from Bandra Office & another is from Nariman Point office. We have paid profession tax as per Bandra office no. Now Nariman point profession tax department send us notice for show case in default filling & payment. Now we want to cancel PTRC no from Nariman Point PTRC no so kindly help me how to draft letter to Profession tax department

HARISH KUMAR   26 January 2013 at 14:42

Short term capital gain

one of my client acquired Property at Rs.18 lacs and sold it at Rs.9 lacs. He sold Malwa .i.e Iron , Bricks etc. worth Rs.10 lacs.He can substantiate it by taking receipts from various persons and Kapadia. In my opinion ,A.O Can make valuation of property from the valuer and check the rates. In that case , No Cash of differential price will be allowed. Suggest remedy also.

veerappa s vandal   25 January 2013 at 18:55

Apply of society pancard

my query is new pan application no status of co op society.how to application is filed

HARIDAS.P.R   24 January 2013 at 15:26

Taxability of job contracts

we are a firm engaged in the work contract execution for another firm.we manufacture animal feed in our plant at fixed but revisible rate per metric tonne and the other firm take supply using their own vehicle from our factory premises.this is going on for the last 8 years.My question is whether this job contract manufacture is liable to service tax?or is it an activity still in the Negative list?

SUDHIR   23 January 2013 at 16:56

Vat recerse against form e in up vat

Dear Sir,
Please guide us, is there any need to reverse VAT credit on sale against Form-E in UP VAT (sale to manufacturer exporter)
Thanks & regards.
Sudhir Chaurasia

DEEPAK ROHERA   23 January 2013 at 13:29

Entry tax rate on iron

I had import a consignment of Aluminium Scrap and iron scrap is attachment of aluminium scrap than what is the entry tax liability comes on me

TARUN BANSAL   23 January 2013 at 11:42

Audit in case of speculation loss

in case of one of my client,there is loss from speculative business. whether such loss is liable for audit u/s 44AB or not?