Rate of Vat

hello, experts
plz tell me the rate of Vat charged on Electronic Weighing scale, Weigh bridge, & load Cell. under Punjab VAT Act, 2005

Thanx

Sales Tax Registration

Hi ! Every one,
would U Plz. tell me that after Registration in sales Tax Department on a Shop address, can a person open an other branch on other place on basis of same Registration.

He will issued his Bills of Branch office on the name & address of Head Office (Regis. under Sales Tax), is it possible to open other or more branches of shop on single registr.


He also want to mention branch off.address on the bills being issue from
branch off., is this Possible ?

Accordiong Sales Tax in Faridabad(HARYANA)

MBA or LLB

Dear sir,

I am a graduate person and I am working uder a Taxation advocate last one year . I want to do MBA or LLB. Plz guide me which is better then above two choices and why. Plz guide me.

capital gain on sale of ancestral property

hi my father has got a share in house property of my grandfathre.there are three shares.the property is old house bought in 1960.the will is of 1994. wht are the effects of sale considration to my father .and wht shall be the capital gains and tax thereof if the property is sold for 30 lakhs. how the capital gain tax be avoided.my father has a personal i t file and also huf i t file

Disallowance of CENVAT Credit if show caused

Sirs,

I am a service provider. I have taken service tax registration belatedly and claimed demand confirmed.

Now if I deposit the service tax with interest for the past period and claim from the service receiver, does the Department disallow the CENVAT credit to the Service Receiver because I am (service provider) is show caused and adjudicated.

This part is not clear in the CENVAT Credit rules. Is there any departmental clarification or case laws available in this context. What is the legal position plese.

Kindly provide your valued opinion.

Service tax paid to the builder

Sirs,

Are the purchasers of flats eligible to get the refund of the Service tax they paid to the builder (during 2007-08) ?

From the circular,issued by Central Board of Customs & Excise issued Service Tax Circular No.96 dated 23rd August 2007 which covers the issue, it looks like that the property buyers need not pay service tax to builder/developer. On the other hand if the developers had employed the services of a contractor, it is the contractor who will have to pay service tax and not the developer builder.

Please clarify?

1. Which section of service tax act demands that the service tax to be paid by the property buyer to the builder ?

2. Is there any relevent decision by the SC or any advance ruling on this matter?

Thanks,

Brindha

Computation of capital gains on sale of flats

Mr.X being the owner of land has entered into a Joint Development Agreement in oct.2007. His share in the developed property is 8 units. He has purchased the property in 2004 May. He wants to retain 2 units and sell the remaining 6 units.

What is the date to be taken for calculation of capital gains?

whether it is a short term or long term capital gain If Mr. X sells his property now(NOV.2008)?

Whether the date of the joint development agreement or date of registration of flats to be taken for the purpose of computation of capital gains?

VRS - Is pre approval from IT required

Is pre-approval from Commissioner of Income Tax is done away or still exist?

Which is the provision / notification / ciruclar supports your answer.

Thanks in advance

Senguttuvan

Karnataka Special Entry Tax

Service tax on postage franked

Postage is defined in Indian Post Office Act as "duty for transmission of mail by the Postal Department". Just like Customs Duty. Is Service Tax due on postage?
S. Krishnamoorthy