Dayal's Expert Profile

Queries Replied : 921

Greetings to you.

Have been in the profession of Indirect Tax since 25 years.

Have crossfunctional skills to deal with subjects with a good flair.

Working hard on addressing complicated queries.

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suraj says : ECB - Loan from a foreign holding company
When a company takes loan from a foreign holding company, would it fall under the purview of the ECB master circular issued by RBI and could you pls guide me the procedure to be followed for the same? Is it under automatic route or approval route?

venkat says : Service tax creit for stpi units
Hi, Dayal this is venkat ipcc student i am doiong internal audit of stpi unit, they have domestic sales and export sales. they are claiming entire service tax input credit which is paid for providing both DTA and export services. they are not maintaining separate input credit acconts. according to cenvat credit rules they can't claim input credit of exempted services. they have to apportionate it. is the point correct. plz urgent resolve my doubt

Purusotham says : service tax
Thanks for the reply, where do i get the list of codes for classification With regards Purusotham

Abhishek Nanda says : is service provider will sales tax
Dear Sir I working in company which mainly works in creating a software for company like hcl and etc. i just wanna to know are they comes in sales tax or if they then how much will they pay up vat