CMA Ramesh Krishnan's Expert Profile

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

Give involvement on taken task,Donot divert your concentration from the taken task,

Always target your goals and commitment,Your future always better. Jai hind. Thank you for visiting my profile

To reach me : cma.rameshkrishnan @ gmail.com or send PM for queries & professional help

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Rajesh Kotkar says : Work contract tax - Inter state sales
Dear sir, We had sent the material for Job Work on 57F(4) from Goa to Mumbai for plating purpose, we have received the material along with the bills from the party where they have charged 12.5% CST on full value since he has added 90% of his material to the components and 10% his labour involve on it. My queries are : 1.Whether above billing what he has done is correct. 2.Whether he can charge 2% CST on full value and we can issue "C" Form for such transaction. 3.Whether he has to show labour charges separately and Material cost separately and on material cost he has to charge 2% CST for which we can issue him "C" Form. 4.Whether Work Contract Tax are applicable for interstate sale or not. 5.Whether TDS as per Income Tax Rules has to be deducted on entire bill or on labour charges only. Regards. Rajesh Kotkar BCOM,CS,Inter ICWA CIL Madkaim Goa

Akriti Sharma says : share transfer
A shareholder wants the amount of share he hold to be distributed among his four brothers equally..he wants to known the procedure to do the above mentioned case please suggest the reply i should make to the shareholder.

taruna says : Required Notes
Sir, Could you please provide me notes of direct tax and accounts for CWA Inter-1 Group

bharat rathod says : Tds
while paying maintenance to the society should member cut tds & pay the net amount (rent pm. is Rs. 2,80,000)(premises use by the member for commercial purpose)

vipin says : Custom & VAT
Sir, I am working in Autonomous institute under Govt. of Inda. Institute is exempted for paying Customs Duty and Excise Duty under 51/96 being a reaserch Institute. Some of our vendor has quoted imported item in rupees and insisting to issue CDEC certificate and also to pay the VAT. They said that we have to pay VAT as sale is happening in india. Kindly guide us whether we have to give both CDEC and VAT.