Hello friends,

My client has purchased machinerys against C-form (for use in manufacture/processing) with the intention to use them for quarrying in his own mines.

Since his license is pending hence the same machines are given on rent & filed the NIL vat returns.

Is machines purchased against C-form cannot be used fo rent?

the officer issued notice u/s 10-A of CST Act levying penalty at 1& 1/2 times of 14.5% of VAT?

Is his contention correct?

Please help me with suitable case laws..

Thanks a lot in anitciaption.

Hi Sir/Madam

We are 100% EOU unit
So, while Exporting Finished Products(In Wooden Boxes) in containarised cargo, can we send loose cases (plastic Bags) in the same container....?
And Is it required to mentioned description of loose cases in Invoice,Packing List,Tax invoice & ARE 1 documents...?

Sir, my client has received his refund by cheque, but the bank account number printed is not correct, by mistake he had quoted a wrong bank account number.
pls, guide me as to how I should get it rectified

I have received a letter from the income tax department kalian stating that myself, my brother and sister have had a property deal of Rs. 78 lakhs and the tax on the same has not been paid.
however we (myself and my brother and sister ) do not have any such property on our joint names neither on our individual names. there was a deal of our ancestral property but the legal heirs are our parents and two other uncles and not us directly, however the income tax letter has only our names and not of our parents or uncles.

what should we do in reply ?

Income Tax Refund order is received on the account mentioned in the return form, but said bank stops clearing because of insolvency. How to get bank account No.of the cheque rectified.

DEAR EXPERTS

IF THE LAND OWNERS OF THE PROPERTY COME TOGETHER AND FORM A PARTNERSHIP FIRM TO CONSTRUCT A RESIDENTIAL COMPLEX ON THEIR UNDIVIDED SHARE OF LAND AND CONTRIBUTES THEIR OWN CAPITAL FOR CONSTRUCTION PURPOSE AS WELL AS RECEIVES THE ADVANCES IN THE NAME OF THE FIRM FROM THE PROSPECTIVE BUYERS, ON WHAT VALUE THEY HAVE TO PAY SERVICE TAX ?

ARE THEY LIABLE TO PAY SERVICE TAX ON EVEN CAPITAL CONTRIBUTED BY THEM FOR CONSTRUCTION OR ONLY ON ADVANCES RECEIVED
FROM PROSPECTIVE BUYERS OF THE RESIDENTIAL HOUSES / MULGIES.

MY CONTENTION THAT THE OWNERS AND BUILDERS ARE SAME HOLDS GOOD. PLEASE CLARIFY THANKS IN ANTICIPATION

hi friends

pls tell me how to maintain books of a/c person have business of scrap purchase and sell but doesnt issue invoice for such.

so how can we assess his income from such business. i hav to file his income tax return

thanks

I have recently got Excise registration 4 months (Feb.2013) back & not filed as yet Return due to Ignorance. My total turnover in the FY 2012-13 is NIL. I have purchased a Machine (not for sale) & Paid CVD. Please let us know what types of Return i have to file & due dates etc for filing of returns with Excise. Can i claim CVD as input. Thanks.

Good afternoon experts,

1. If a partnership firm pay freight inward Rs.2000/- in a single entry & similarly paid Rs. 82000/- in the whole f.y. 2012-13. whether it is necessary to take registration of Service Tax. (Total sales = 1.2 Crore)

2. Same condition for individual having tax audit & with out tax audit.

Please advise.

What is the appropriate head for expenses on return filing and quarterly statements submitted