CST/VAT on right to use

This query is : Resolved 

24 March 2009 We have hired a porta cabin ( Temporary structure) from a vendor and he is charging CST or VAT as we have taken right to use the cabin. Is it correct.


In another case we have got made / fabricated a setup in a conference. Electric wiring, wooden wall, synthetic carpet , LCD display etc. We have used this set up for three days and vendor has taken back the entire structure with equipments.
Vendor has charged CST @ 2%.

As per our knowledge he has to charge service tax but he has charged CST.

What is "RIGHT TO USE" and its cover in service tax or sales tax (VAT or CST).

Thanks

24 March 2009 Dear colleagues.
an assessee has only speculation income from share trading. he has received full the profit from the broker by way of chq.
is balance sheet and profit & loss a/c reuired to be given in ITR 4 ?

if yes,his balance sheet shall be NIL? as he does not have any business assets/liabilites like debtor,creditor,stock etc

regards

paresh zatakia

24 March 2009 No, it is not necessary becuase If you read thoroughly ITR - 4 after the balance sheet one option given is that the if the regular books of account not maintained fill the following. in that field ypu have to mention only the cash balance in your hand and write against debtor , creditor and stock as nil. and in the balance sheet write Not appliacble




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