AMARENDRA SUTAR
12 September 2011 at 12:39
WCT (work contract tax) is now solely under jurisdiction of Sales tax authority of the concerned state. WCT is applicable where work/composite supply is being executed i.e. contract consisting of supply & service both. Payer will have to deduct WCT and deposit the same in the local ST authority. Confusion is arising where an entrepreneur of different state entered in to an agreement for work.
1) Is the payer capable to deduct WCT when the contractor has not the VAT no in the state wherein the work is being executed though he has got the CST No?
2) What is the mechanism to tackle the transaction, I am from the state of Orissa?
Anonymous
12 September 2011 at 06:42
WE are machinery manufacturers. We are billing machinery and paying VAT/CST on machinery billing. We are also doing the service under 'Erection,Supervision/Installation, Maintenance or repair services' of the above machinery. For this service we are registered under 'Central Excise Department (Service Tax) under Service provider of 'C&I, Maintence or Repair service'.
We are billing separately and collecting tax and paying to service tax dept.
Can VAT is chargeable on 'Erection Supervision, Maintenance,repair service' apart from 'Service Tax'
We are under 'Andhra Pradesh Value Added Tax'
The AP commercial taxes are proposing the tax on 'Erection Supervision, Maint.Repair Service.
Can any body advise/help me is this correct. Can we pay the VAT on Service Bills. with related case laws
Pravin
11 September 2011 at 12:29
Dear Sirs,
I am an salaried employee. I have returned my file for A.Y 10-11 in the month of June 2010 on the basis of my Form 16 issued by employer.
Now i have been issued notice from AO for further informataion.
I am unable to trace the documents for the H.R.A claimed as it was submitted to our company.
What would be the penalty in case of inability to produce documents demanded by A.O.
Thanks in Advance
Anonymous
10 September 2011 at 15:11
whethe boring comes under the service of site formation service. if no then any case law related to that. we do this only to provide drinking water to schools and some govt. departments.
upasna
10 September 2011 at 14:49
Dear sir,
I would like to know that if money huge amount of money is borrowed and lended by the relatives from each other at the time of wedding, then does it come under the money lending act???
n v sudhakar
10 September 2011 at 13:49
A partnership firm is running for the last 7 years. The firm got business income and lease income. In FY 2010-11 there is not much of a business and the partners are also not interested in continuing the business. But they would not like to close the firm since they are getting some lease income from the building owned by the firm. One of the partnership deed clause is as follows:
"THE PARTNERS SHALL BE ENTITLED TO INTEREST AT 12% PER ANNUM ON CAPITAL INVESTED BY THEM IN THE FIRM. HOWEVER, THE SAME MAY BE WAIVED BY ANY PARTNER, IF HE DESIRES NOT TO CHARGE ANY INTEREST FOR ANY PERIOD"
Basing on the above
1. is it obligatory on the part of the firm to provide interest on capital?
2. Out of 2 partners, one partner is only interested in getting interest because of his obligations where as the other partners they are not interested in getting interest on capital since there is no business income to the firm.
3. Can we work out interest to only one partner basing on the above clause or is it necessary to provide interest to all the partners?
Kindly clarify the above points.
Thanks
N V Sudhakar
Anonymous
10 September 2011 at 11:25
I want to surrender my Service Tax code due to not carrying on the business.I have never any income.I have not filed any Return.Whether penalty is applicable.
Anonymous
09 September 2011 at 15:13
R/s,
A transport company is engaged by a company to supply of "fly ash" from power house to company's site.
Is there is any exemption of service tax ?
Anonymous
09 September 2011 at 13:13
sir but we do it only for drinking water in schools and other govt. departments. is this work comes under this service?
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