Jatinder Chugh
19 May 2010 at 10:28
I am a regd dealer in Punjab and if i bought goods from Delhi and want to sell it in Punjab through in transit sale agst E1 form whether such a sale of mine would be treated as centre sale and i should file the return in Form Vat 18 or it would be a sale with in Punjab and to be shown in Form Vat 23
Anil Mathur
18 May 2010 at 18:22
Dear Sir,
In Karnataka state, we are charging the VAT on MRP. Due to demand of Trade association, we have to charge the VAT at Trade price effective 1st, June, 2010. I am interested to know whether can switch over to Multiple tax system in between the financial year? if yes, any formality is to be completed?
Sumit Batra
18 May 2010 at 15:45
The Hon’ble High Court of Delhi has once again stayed the proceedings in matters pertaining to Service Tax on RENTING OF IMMOVABLE PROPERTY. The very essence of the recent amendments to the Finance Act, 1994 whereby amendment has been made to the category of Renting of Immovable property service has been challenged. The High Court has directed that no service tax can be recovered from tenants, landlords as the case may be till the S.L.P. regarding the same issue is pending in High Court. However, it was made clear that decision of Delhi High Court in Home Solutions case, wherein the services provided in relation to Renting of Immovable Property services will still attract service tax and also, the recovery in this regard can be made from the assessee’s.
The matter was listed today i.e. 18.05.2010 in Delhi High Court and the petitioner was Home Solution Limited.
Jatinder Chugh
18 May 2010 at 15:16
When a co. is regd under Vat Act in Delhi and opnes a frenchise in Punjab. Whether the co. would charge cst @ 2% on goods sent to frenchise or it can be treated as stock transfer. I also want to know when co is regd under Vat Act in Punjab and opens a frenchise in Punjab whether the goods sent to frenchise would be a sale or if not when it would become sale of the co
ncvijaykumar
17 May 2010 at 21:39
Whether any amount received for relinquishment of rights in the shares (destruction of an income earning apparatus)under an arbitration award passed under Arbitration and Conciliation Act 1996 is a capital Receipt in the hands of the recepient or revenue in nature?
Ram
17 May 2010 at 19:39
dear sir,
My client is a deemed university under the UGC Commission.Their primary objective is to impart education. Incidentally they sell applications, prospectus etc to students at the time of admissions. My query is a university a dealer and sale of prospectus etc amonuts to business for levy of sales tax?
Pls Reply at the earliest
Regards
Ram
Vidya Sagar Shukla
17 May 2010 at 17:48
DEAR EXPERTS
I WISH GET CLEARED WHAT IS TREATMENT IN ASSESSSMENTS IN I.T. DEPARTMENT FOR BELOW POINTS
IF WE SELL OUR PRODUCT WHAT IS THE LIMIT OF CASH MEMO (BILLS FOR CASH PAYMENT) COULD IT GO BEYOND RS 20000.00 IF WE DRAW A BILL FOR CASH FOR RS 1 LAC WHAT CAN HAPPEN WITH ME OR WITH PURCHASER (WHEN ITO CATCHES THIS RECEIPT. AM I LIABLE TO DISCLOSE THE PAN OF BUYER. ALSO IF THE BUYER HAPPENS TO BE ONE TIME BUYER ONLY AND ONLY THE NAME IS GIVEN BY ME(ALSO I DONOT KNOW WHO HE WAS) WHAT DEPARTMENT MAXIMUM CAN DO ?
SIMILARLY IF WE PURCHASE GOODS IN CASH MEMO FOR RS 1 LAC WOULD IT BE DISALLOWED OR ALLOWED ?
SIMILARLY WHAT IS THE TREATMENT OF SIMILAR TRANSACTION IN CAPITAL GOODS PURCHASE SALE ?
WITH BEST REGARDS
VIDYA SAGAR SHUKLA
ACCOUNTS.PERFECTION@YAHOO.COM
sanjiv batra
17 May 2010 at 17:10
REGARDING TDS ON WORKS CONTRACT U/S 194C WEF 01/10/2009, THE EXPRESSION “WORK” SHALL ALSO INCLUDE MANUFACTURING OR SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER. HOWEVER IT WILL NOT INCLUDE MANUFACTURING & SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM A PERSON OTHER THAN SUCH CUSTOMER.
WHAT WOULD BE SITUATION, IF MANUFACTURING & SUPPLYING A PRODUCT IS DONE ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BOTH BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER AS WELL AS MATERIAL PURCHASED FROM A PERSON OTHER THAN CUSTOMER.
THANKS
SKB
Anonymous
17 May 2010 at 13:27
If an excess S.tax is paid under under Reverse Charge, how can it be dealt with?
Can it be utilise in the next month to settle coming periods liability under reverse charge?
Is there any procedure to be followed with the Service Tax like compulsory initimation? What is the liability for not intimating?
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CONSTRUCTION SERVICES ABATETMENT
Dear Sir,
I have query about service tax abatement in the "construction of commercial & industrial" category. We were claiming abatement of 67%. I have read in newspaper before passing the budget that in construction of commercial & industrial services category will get abatement of 75% from new year.
My query is the above abatement i.e. 75% is passed and if passed from which date is applicable?
I will be very thankful to you, if you could give the answer and please quote the related notification, etc.
Thanks & Regards
GULSHAN BHARDWAJ