Dear Sir,
In the Budget Speech today, no announcement has been made regarding the change in the Central Sales Tax rate (i.e. reduction from 2% to 1%).
Please clarify.
Regards
S. Anand

HELLO FRIENDS

I HAVE BOOKED A LOSS ON SHARE (SHORT TERM) RS. 1746/-FOR F. Y2008-09, PLZ TELL ME CAN I CARRIED FORWARD IT TO THE NEXT F.Y


THANKS

Dear Sir,
In the Budget 2009 speech today the Honbl. Finance Minister has announced the abolishment of FBT.

Since the payment of FBT for the 1st Quarter is due on or before 15th July, 2009, please clarify whether we should pay this amount or not.

Practically, the Finance Bill is yet to be passed in the parliament.

Regards
S. Anand

pls tell me is manoharan book is enough for pcc tax

We manufacture an electrical product which falls under MRP based valuation. For contract manufacturing for a BRAND, we pay excise duty based on Brand's MRP.

Some brand now advises us that we can print the brand and mark ISI but dont pack it, but despatch it as a wholesale pack. They would pack it and release it in their dealer market after paying MRP based excise. I.e. we are sending unpacked branded good ISI marked.

AND they want us to bill it and charge excise at transaction value and not on MRP-abatement.They would take the CENVAT, pack it and charge excise based on their MRP. They wish to show MANUFACTURING at their for some purpose.

The question is CAN WE charge excise from them at transaction value?? if we are selling brand printed but in unpacked condition in wholesale packing(so unsuitable for direct retailing and hence would not attract MRP based valuation acc. to Weights and Measures Sec 4). i understand there is reference case - VISHVAM supplying to CANON industries, Ernakulum.

Thanks for your cooperation and advice.

Is there any change in rate of Basic Excise duty

which items applicable set off for manufacturing company, means which expenses take for set off

Friends,

Whether VAT input credit can be availed and utilised in the following scenario ?

1 The company's Finished Product is exempted from VAT.
2 It pays VAT at the time of purchasing Raw Materials etc.
3 Scrap is generated during manufacture of Finished Product and the same is sold. VAT is collected and paid during such sales.
4 Can the company avail input credit on purchase of Raw Materials etc. and then utilise the same against VAT liability arising on account of sale of scrap?
5 Is there any provision for claiming input refund of VAT paid on purchase of inputs(ie Raw Materials etc.).

Do we need to take training of IFRS or we can study own by reading articel on IFRS

A private limited company has changed its name & altered the article Now what about the existing share certificate. Does company need to reissue the certificate with new name or can make any modification to existing certificate Or need not to do nay thing??