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RENGARAJ R.K's Expert Profile

Queries Replied : 1466

About me

Advocate and Consultant on Indirect Taxes (VAT/GST, Service Tax and Central Excise) based at Coimbatore, Tamilnadu. More than 30 years experience in the field of Indirect Taxation. Presently working as whole time director in Ms Lore Tax Professionals Pvt Ltd., Coimbatore, Tamilnadu.

Writing articles in Corporate Professionals Today (Taxmann), Excise Law Times, CACLUBINDIA, Tax Guru, Tax matters, Punjab and Haryana Taxes, Taxmanagementindia, Study Cafe.in, Tax Consultants Society News Letter.

My Educational qualifications: M.Com.,MBA (FM), LL.B, DIT.

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raj shekhar says : regarding purchase tax.
hi sir. everytime u r giving a valuable answers. sir this time plz give me a solution for PURCHASE TAX. My query is a company purchased goods from a URD. WHo has to pay the tax. Who has to deposit the tax, who is responsible to pay the tax, what is the VAT rate, CAn we claim it as SETOFF ( INPUT TAX CREDIT ). Thank you sir

PRAKASH D GOSAI says : Rejected Goods recd and clearance as scrap
Sir, How r u, My question is that, some day ago we recd back retrun goods from customer after that we take cenvat credit on the same. after a day our management decided to do scrap and sale it. my Q is that can we reverse cenvat or paid ed on sale of scrap amount?

bhavesh says : Please help in this matter ....Thanks in advance
Dear sir, Please read my query and give me ans. suppose, x ltd. is mfg. co. in UK and taking service (Selling and R & D work) from y ltd. in India. Y ltd. is also in the business of Export of pharmaceuticals (only providing services). Now Y ltd. refused to work for x ltd. so, x ltd. open a new company in India named z ltd for its selling and R & D work). Now when Y ltd. transfers his Plant and Machinery to z ltd. there will be vat @ 5% to be paid by y ltd. Is there any rules which can save us from VAT ? (In the above case y ltd. and z ltd. are providing only services outsides India so no credit of VAT available).

CHIRAG BAHRI says : Service Tax Query
Dear Sir, Pls advice: I am wkg as Paid Consultant for my UK based clients, which has been registered in UK as not for profit Company and have offered my services for 1 yr.We are wkg on Humanitarian Project for Indian Citizens and am getting paid in USD/ month. 1. I would like to know, do I have to pay service tax on my own as the fees is inclusive of all and I get paid as Lump sum for a month. 2. Procedure for paying service tax. 3. How much tax do I need to pay on the total income as Consultant. My annual income is more than 10 Lac inr. 4. Do I need to pay advance tax every quarter? 5. Pls advice , is there any consideration for Humanitarian Services ? Thanks in Advance. Chetan

CHIRAG BAHRI says :
Dear All, Pls advice: I am wkg as Paid Consultant for my UK based clients , which have been registered in UK as not for profit Company and have offered my services for 1 yr.We are wkg on Humanitarian Project for Indian Citizens and am getting paid in USD/ month. 1. I would like to know, do I have to pay service tax on my own as the fees is inclusive of all and I get paid as Lump sum for a month. 2. Procedure for paying service tax. 3. How much tax do I need to pay on the total income as Consultant. My annual income is more than 10 Lac inr. 4. Do I need to pay advance tax every quarter? 5. Pls advice , is there any consideration for Humanitarian Services ? Thanks in Advance.