Aashish
16 June 2014 at 17:22
Experts kindly advise on the following query:
A manufacturing company is selling a product to its customer on 45 days credit. The customer at the time of supply of goods itself has asked for 90 days of credit stating the company can charge interest for balance 45 days and has asked for proforma invoice from the company.
So on the value of goods excise duty and sales tax is charged (Since customer belongs to different state CST is levied). on the arrived value, the company is calculating interest @12% for 45 days.
My question is whether on the interest component also sales tax and excise duty to be charged.
Kindly advise.
Please quote the relevant provision or the case law.
Thanks in anticipation.
Raji
16 June 2014 at 13:34
We had entered a contract on oct2013 and started a construction work.after completeing the foundation they refuse to continue he work with us.square feet for the work also got changed ,they paid for that also,we supplied material for that money,Now 6 months completed after dispute and they deamnding their whole money back.what we should do.
anitas
16 June 2014 at 12:37
A partnership firm was constituted in the year 1975 and was dissolved(implied) by death of one of the partner int he year 2000. Since then there are some assets on the name of the Partneship which are maintained till date.
Who has the rights over those assets. The company later continued as proprietor ship on the same name maintained by one of the partners.
Lakshmipathy
15 June 2014 at 15:09
Appeal by petitiooner for specific performance dismissed in lower court. Now on appeal in High court. If the appeal is upheld can the court order higher price to be paid as price has shot up pending the casein lower court and high court.
Nimisha Vora
15 June 2014 at 11:18
Dear Team,
Can a Trust which is not registered as charitable trust and does not have 12A or 80G. The trust deed is only stamped on Non judicial Paper in Delhi, wants to lend money to poor and needy for housing at very less interest rate. Can they do it or do they need any permission from any authority?
BEENA SINGH
14 June 2014 at 17:59
WHETHER POWER OF ATTORNEY IS REQUIRED TO BE REGISTER FOR GETTING REFUND OF STAMP DUTY OR NOT?
naveenraj jain
13 June 2014 at 21:40
My father filed a suit for vacating the tenant. During the course of trial my father was cross examined. On cross examine day I joined him to court since he had undergone heart surgery.
At the time of cross the opp Advocate objected my presence and judge asked me to leave the court hall.
My query to respected experts is even though I was not a party to the suit is there any stipulation that son should not be present or rather how will my presence effect the cross examination.
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Delayed/non payment of wages
Most of the mariners working on Indian ships do not get paid in time,delayed by a month to four months, mostly by the manning agencies employed by the ship owners.I am among the affected ones.The arrears to be cleared at the time of leaving the ship(signing off)as per the articles of agreement,but is never done.Once we leave the ship we are like orphans, litterally begging the employers and totally at their mercy.Approaching the Shippihg offices,who are in charge of the seafarers' welfare,do not yield much result.Some times we are forced to write off to the tune of upto 3 to 4 lakhs.Please advise how do we deal with this & oblige.