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Anonymous
10 July 2014 at 09:50

Implications of wrong hs code

We are in automotive industry. HS Code of our finished product which we are declaring in Excise documents and as per the technical specifications are different. But the Excise duty is same. Hence no any duty loss to Excise Dept.

What you suggest we should continue this as it is or we have to correct it.

What will be the implications if we continue this as it is.

Please answer.


Vishwas Gota
10 July 2014 at 09:40

Cenvat credit passing on by dealer

Dear Sir/Madam, We have received an Invoice from a Dealer, which he had Imported under "Vishesh Krishi yojana" of Exim Notification 95/2009. Our querry in this regard is that, can we(buyer) take cenvat credit on the said goods..?


shwetha balaji
10 July 2014 at 09:28

Cpt

hii,

i have given my 1st attempt for cpt(I'm basically a cbse student i scored 75% in my 12th grade). i not pretty confident abt aceing it this time.i guess i would get minimum in all but aggregate would be a problem for me.now i'm in a confused state what to do whether to proceed or not.i hav no backup because im going to do b.com in correspondence. people scare me by giving suggesstion such as:
1.there is a online cpt exam conducted before results are announced it seems.
does ICAI provide such exam.? is there any other alternate to write cpt again before august or december?
2.they say when you are not confident about your 1st attempt then better join college.this according to me i dont think i can simultaneously continue both CA nd regular college for b.com.
3.others say go for some other field (ICWAI,ACS,cs)simultaneously with CA.can yu please tell me about how all the three above mentioned careers go when compared with CA.(I mean the standard of those compared with CA )
please suggest some good alternate to set my career.Im very much worried and confused with this. I hope yu would give me a good suggestion. reply as soon as possible
thank you


Chirag Parmar
10 July 2014 at 09:27

Cenvat credit in excise

Is there any rule in central excise that credit of goods if not taken within 6 months of the date of invoice in books of account or excise return then credit can not be taken on such goods..? actually accountant has received invoice in the month of march for june month. so he is refusing to take credit based on above argument. can anyone guide in this regard? because i don't find this type of privision or rule in central excise rules..


SANIA
10 July 2014 at 08:55

Clubbing of income

hello friends, if a person died and he has written in his will that his rented house prop will belong to his son and he has also written in his will that some part of the rent from this house property will pass on to his daughter now my query is whether this part will be taxable income for daughter or clubbed in the income of son as house belong to him only.As per sec 60 it will be clubbed am I right?



Anonymous
10 July 2014 at 08:03

Interest u/s 234(b)

My Advance tax liability is 225000.

i pay 135000 as an advance tax.
so that 243(b) shortfall is(225000-135000)=90000

interest u/s 234(b)=900000*4%(Apr-jul)=3600

but if i pay the rest tax of 90000
on 20/4/2014 than what is amt. of interest???



Anonymous
10 July 2014 at 07:17

Auditor appointment

Sir/ Madam
Please tell me in which form company will upload for appointment of an auditor. As there is no ADT-1 eForm is not available


VIKASH KUMAR JAIN
10 July 2014 at 07:04

Input credit in works contract.

In case, where service portion is 40%, 70%, 60% of total value.Further, 50% of service tax on service portion paid by both SP and SR respectively.Whether Service Receiver can take take INPUT CREDIT of total service tax paid or 50% of service tax paid by himself.(Composition Scheme)


S.BABU
10 July 2014 at 05:59

Interest calculation u/s 234?

How to calculate interest u/s 234??



Anonymous
10 July 2014 at 00:38

Appointment of first auditor

Hello everyone
I formed a pvt ltd Co for my client as on 25, march 2014 till 09-07-2014 co never do any business. And I never filled form 23B till date.
Please suggest me either to file ADT 1 OR any other way to avoid any penalty