dear Sir,
one of my clients under karnataka Vat Act are running a lead processing industry where scrap battery is subject to processing and a semi finished product ie lead is got which is sold.
1) My query is i have been claiming input tax credit on scrap batteries @12.5% which is paid by me on purchase. wheras the lead processed is taxed at 4% and thereby i claim refund every month of 8.5%. my question i am doing anything wrong or is there any part of input Tax which i have to restrict or not to be claimed in such cases.
2) My another query is if the said industry undertakes Job work ie, raw materials/scrap battery is supplied by another industry in Tamilnadu and our clients process the same and supply the processed lead (out of the raw materials supplied) back to them. I know it does not amount to sale. but my question is does it amount to works contract.
The requirements of processing other than raw materials are 1) Labour 2) Electricity 3) Chemicals 4)Fuel(charcoal, firewood etc).
Since raw materials is supplied by another industry and as we know labour does not attract sales tax. and further treating fuel and chemicals as consumables. can i remain without paying taxes stating the work as pure labour work/job work
OR does the chemicals and fuel used are deemed to be transfer of property in goods, therefore should i pay taxes, treating it as works contract.
However the chemicals are used to vary the quality of lead ie by adding certain quanties of chemicals, the quality of lead differs ( pure/ average etc)
Note: Only raw material is supplied by Another industry. Fuel and chemicals are to be purchased by us locally.
3) my third query is am i eligible to claim input tax credit (ITC) on fuel and chemicals if the above (query No 2) is a pure labour work.
waiting for your reply sirs,
vishwanath
Dear Experts,
Whether ESIC is applicable to Schools, Colleges running by trust, Private Hospitals running by either private or trust?
Regards
NAC
Vaibhav
13 January 2009 at 16:30
I am having a house in bhopal and it was given on rent on 11 month contract. Last three month my tenent is not paying rent and when ever i was asking he was replying that i have some problems i will give you next month, then he issued a cheque which was bounced and now next month is 11 month of contract.
What can i do against him ?
i am having rent aggrement with me also cheque which was bounced due to insufficent fund .
Vaibhav
Aditya Mudgal
13 January 2009 at 12:50
Dear experts,
A very happy new year to you all..
This is with regard to a advance that I wish to give my stockists towards purchasing a storage equipment. I do not want to show those equipment in my books, yet i want to somehow retain the rights over the assets in case there is termination of our relationship with the stockiest in which case i can take the machinery back and install in the new stockiest's premises.
Is there any arrangement by which this can be done?
If i enter into a hire purchase agreement, can i maintain control of the assets and yet not have to show them in my books? Please advice..
Warm Regards,
Aditya
how to sue a foreign buyer who defaulted in payment. The country be USA or Isreal. Can I write to their commerce ministry to blacklist the defaulted firm from doing business.
HELLO FRIENDS,
PLEASE LET ME KNOW IF MUSLIM WOMEN CAN INHERIT AGRICULTURAL LAND WHICH BELONGS TO HER PARENTS.ALSO IF YES THEN IS IT NECESSARY TO APPLY FOR A SUCCESSION CERTIFICATE.IS THERE ANY LIMITATION PERIOD?.
THANKS IN ADVANCE
Respected Forum members,
I am a Hindu, from AndhraPradesh State.Am married, in the year 1978.My father died in the year 2003.My father wrote a will bequeathing all the property on my brother and his siblings name.The property,so willed is Ancestral.
In the above condition can i approach a Civil Court for Issue of Succession certificate on the names of my Brother and Myself? Can I claim my Share under" HINDU SUCCESSION ( Amendment) Act 2005,under Sec. 6."/OR go for the PARTITION of Property?
What is the Procedure to be adopted? Is there any Fees to be paid(to the Court)? Kindly GUIDE me. Matter is very Urgent please!
Thanks in advance...
Can anybody advise me that my client want to take an objection for dismissal of application, in a special criminal trial (in N.D.P.S.) pending before District Judge, on the application of discharge filed by the accused. My cleint neither the witness nor the complainant in the said charge sheet. Can he has locus standi to file the said objection, if yes, then under what provision and by what authority or citation (if any).
Whether case may be filed for the dishonour of cheque U/s 138, when part payment already received by the drawer?
Deposition by Wife
Sir,
I am investigating a case where one of officer has complained that he has been manhandled by another officer and he wants me to record the statement of his wife who was present at the scene.
my question:
Is this a valid proof for a crime to have been committed?