Sir,

We pay Service on Job Work and GTA (Goods Transport AGency) For Example We purchased Machiney and obtain Cenvat of Rs. 2,00,000/- (Input Credit) and Output through Job Work is 1,00,000/- and Rs. 25,000/- on GTA Service (with getting 3.09% Abatement on GTA) our total liability to Service Tax Department is 1,25,000/- (1,00,000+ 25,000/-) but out Credit through Cenvat is 2,00,000/- Can we pay GTA Service through CENVAT.

Thanking You

Sunil Kumar

My E-mail id is = sunil_kumar10520@yahoo.com

Thanks for reply
This project going to be a sep. legal entity in that case same rules apply?


We have started one project and all expenses related to that project am debiting capital WIP.Now we have purchased a vehicle exclusively using this project. I have doubt whether i accounted as fixed assets or as capital WIP

Kindly clarify the doubt

Thanks in Advance
Jagadish

Sir, If we have received tha amount from the party @ 12.36% as service tax can we deposit 10.30% as service tax to the tax deptt and show balance amount in service tax creditors/in misc receipt of the party.
Further tell me also that if party has given advance payment to us @12.36 % . then what to do.

Dear All

There is air time bill from party for the period 23-02-09 to 22-02-10,this is one year bill, raised on 23-02-09, my query is that what rate of service tax will applicable for this bill.

Party charge tax @ 12.36%.

We have started one project and all expenses related to that project am debiting capital WIP.Now we have purchased a vehicle exclusively using this project. I have doubt whether i accounted as fixed assets or as capital WIP

Kindly clarify the doubt

Thanks in Advance
Jagadish

We have started one project and all expenses related to that project am debiting capital WIP.Now we have purchased a vehicle exclusively using this project. I have doubt whether i accounted as fixed assets or as capital WIP

Kindly clarify the doubt

Thanks in Advance
Jagadish

According to Industries development and regulation act 1951, what are the industries specified in the first schedule of the act?
What are scheduled industries?
Pls reply soon

In case of an immovable property if the agreement is entered for sale and is registered but the part of remittance is to be received in next Financaial year i.e. 2009-2010 than when the Long Term Capital Gains will be subject to taxation in Financial Year- 2008-09 or 2009-10?

our company is a CPSU generating electricity.We are not availing input vat credit as our end product is not vatable.Our Co is situated at UP.May pl advise whether VAT Audit is mandatory for us or not.
P Ghosh.

Hi Experts,

Can somebody help me regarding the procedures to get license under PFA act and authorities to contact.

Thanks in advnace.