Some of the invoices issued by the service providers, don't show the Service Tax payable seperately. Instead it is mentioned in the invoice that "the above charges are inclusive of Service Tax @ 10.3%."

The department is denying cenvat credit on such document, as the invoice should contain the Service Tax payable seperately as per rule 4A of STR,1994.

My query is whether the word "The service charges are inclusive of Service Tax" is enough to avail the Cenvat Credit. Please clarify my doubt with relevant provision.

Thanks in advance.

Hi
I wanted to know when does a professional needs to maintain books of accounts as per income tax rules. also tell me the section.
this is urget reply soon.
thanks

Hi
I wanted to know when does a professional needs to maintain books of accounts as per income tax rules. also tell me the section.
this is urget reply soon.
thanks

Whether rate of depreciation sholuld be charged as continous plant and machinery...?????


Actually my question is whether all the Asset used in hotel industry should be classified as Continous Plant and Machinery(According to Companies Act) and rate of depreciation should be charged as 5.28% or the dep. should be given of as per shift allowance.

this query arised because according to companies act an asset can be only classfied as continous assets if it is designed and required to be operated

What is the basic salary for which PF is compulsarily payable.

Thank u
If the premesis is not registered the no need to pay profeesional tax.Right.

There is a company which is in hyderabad and it has branches all over india which are not registered.Account are maintained in headoffice i.e in hyderabad. This company is deductinf profeesional tax for employees who are working headoffice i.e hyderabad. and for rest of the employees not deducting(NOT PAYING). Is it correct whathe company is doing
Pls help me in this

I am working in a wholly owned subsidery which is wholly owned by a foreign company. We bill for them for the services provided. How do we account for the remittance received 1) Income 2) Inter-company transaction. 3) If "Income" are any taxes applicable on the Income received 2) If Intercompany then how to record those transations ? Please explain

I (individual)purchases a share at 100/-(including brokerage ) and charged 5/- for STT and other charges so I paid to broker= 105/-. Five days later I sold share at 150/- (Net of brokerage) and charged Rs. 7/- as STT and other charges. Cheque received fro mbroker = 143/- so,
My Short term gain = 143-105=38/- or
= 150-100=50/-
Please clear.

SIR,
I WANT TO KNOW CURRENT RATE OF SERVICE TAX ON CONTRACTOR'S (CIVIL CONSTRUCTION)

THANKS & REGARDES