Hemant Kumar's Expert Profile

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RUSHI GSTM says : Reverse Charge Mechanism Payment
R/Sir, Service Provider: Proprietor Service Receiver: Pvt Ltd.Co. We are a pvt Ltd company receiving service from proprietor firm for Rent a cab scheme operator service. Service Provider is not charging service tax in bill. How much service tax is payable by company under Reverse Charge Mechanism Payment.is 100% or 60%(40%abatement)

SENTHIL MUDALIAR says : TED & DEEMED EXPORT DRAWBACK
This question is with respect to, “when Advance Authorisation holders buy goods against ARO from domestics supplier TED & Deemed Exports Drawback shall be available “ I have following question. 1) Which steps to be followed by domestic supplier in terms of excise duty paid on Raw material to get Deemed Exports Drawback? 1a) Do domestic supplier needs to get certificate from his supplier stating “they have not taken cenvat credit on Input which were used to manufacture the finished products that they have supplied to them”? 1b) if yes, isn’t it lose of excise duty credit (cenvat credit) available to his supplier? How his supplier gets back? 2) If Advance Authorisation wants to claim Deemed Export Drawback, should he need to provide declaration from Domestic Supplier stating cenvat credit for input used for manufacture of material supplied were not taken? 2a) If yes, Don’t Advance Authorisation holders get the Deemed Export drawback for the excise duty paid on Raw material (Finished products for domestics supplier) purchased from domestics supplier? 3) Which steps to be followed by domestic supplier in terms of excise duty PAID on finished products { Raw material for Advance authorisation (AA)} to get TED refund? 3a) Do AA needs to give declaration in Annexure II saying he won’t take cenvat credit? 3b) if yes, isn’t lose to AA? How he gets back? 4) Do AA get benefits of excise duty if he buys from Domestic supplier? 5) Do AA get TED refund? REGARDS, SENTHIL

Aryaveer Singh says : Excise Rule
Dear Mr. Hemant can you please of Excise rule RG1 and form ,Return format & last date any Register use in Excise

Pramod Mishra says : Form 26QB for two buyer with one seller
Me and my wife have booked an under construction flat at Bangalore whose value is 52 lakhs. We have paid 9 lakhs to builders. Remaining money will be paid as per construction progress in installment. I think we have to fill up form 26QB twice i.e. one for my wife and other for me. If this is correct, So while filling 26QB form, Amount Paid to seller will be Rs 450000 in each Form 26 QB and TDS will be Rs 4500. Hence total TDS for both of us will be Rs 9000. Please let me know if this is correct, assuming 50 % share in the property between me and my wife. Also do I need to do the similar thing for each installment when we pay builder?

RONALI MOHAPTRA says : career guidance
Dear Sir, I qualified my CMA final this june with an all India 18th rank. But still i have not been shortlisted by the recruiting companies.How should i proceed from here? I lack relevant work experience and most companies look for candidates with work experience.Please provide me with suitable guidance as to how i can get a good job as a fresher. Thanking in advance, Ronali Mohapatra.