If a trader in commodities with actual investment of Rs 1,00,000/- but with a turnover of Rs 1,00,00,000/- and loss of Rs 5,00,000/-. Will he have to get his books of accounts audited?
If not how will the sales be accounted for?

Dear sir,
this has tha referance of GTA service tax. i know about the service tax exmpted limit.In Present time our company pay service tax over amt Rs.750.00 in direct recd & 1500 in the case of direct material recd.We have know that this amount are velid in present.
plase give the answer.
thank you.

kapil Kumar

Goods where despatched from factory to customer directly. The transporter has charged the service tax on the invoice.
Can we shall pay the service tax amount or we shall deduct the same and deposit to Gov. revenue? can we get service tax credit?

Can a CA be appointed as a Statutory Auditor of the bank of whose he is Holding a CREDIT CARD whoes credit limit is Rs.500000.

Dear SHRI CA.BHARAT BHUSAN

Commission income is chargeble to Service Tax under "Business Auxiliary Services" if you are doing any work in India for which you are receiving commission then it will be Taxable services in India.

You can not also claim the benefit of Export of Services...b'coz the proceeds are not received in foreign exchange.

If the procdeeds are received in Foreign Exchange then it will lible for Service Tax or exemption.

CA. SURENDRA GANDHI

What is the procedure to incorporate a company?What are the forms required to incorporate a company?

Please tell me the procedure:

How we can register a partnership firm with the registrar of firms..
tell me the whole procedure..
Plz reply fast..

Anushree Bafna

Hi,

I am keeping book of A/c, I want to generate an entry systems where i am paying Lic premium. it should effect my Bank, Premium paid. Also keep a track of how much premium is paid for a Policy in total till date.

What are the entries should i do?

Can any one suggest the entries for this.

Thanks, and wiating for a reply.

In what case C form can be issued to a party within state.