PCC tax Nov 2011

Page no : 2

CA Ankur Mittal (Assistant Manager @ Reliance Communication) (759 Points)
Replied 10 November 2011

hey guys dont write to icai these question are from pcc itself..

Q4 (c)-i applicabilty of service tax liability in case of job work.

Ans This is a practical knowledge based question..

Job work is a contract for service so very simple serve tax is applicable

Q6(c)-ii services provided for issuing fitness certificates of vehicle by regional transport office

This question is regarding exemption from service tax and the answer is service are exempt because public authority perform functions which are statutory in nature, they are for the benefit of general public.

Q 3(c)(i) whether service tax is payable by independent director who are part of BOD under management cunsultancy service.

This question looks a bit out of course but again then for getting marks you have to attempt that question even if ur answer is wrong.

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Puneet (Audit/Articled Assistant) (30 Points)
Replied 10 November 2011

It was not a bit lengthy.......rather it was a very leghthy one.....out of that 4 marks questions are out of syllabus for PCC. Seing the reasonability of length and the portion not covered under the syllabus, institute must grant some grace or lineancy in checking must be given so that discrepancy can be balanced.

M. N. JHA (CA) (8316 Points)
Replied 10 November 2011

Anyone who are free, pls solve and share pcc answer here. . . . . . . . . . Pls

Sarthak (Chartered Accountant) (81 Points)
Replied 10 November 2011

Yes!! paper was bit difficult means a bit conceptual ... one need to be good at tax rules ... paper is not that much lengthy if one writes fast ...

baki paper dekh ke to mai bhi ek baar daar gaya thaa ... lets hope for good ... :)

can anyone shares the answers?

how that vat Q.1.d is to be solved in exemption?

how that resident or non resident question is solved?

Thanks in advance

CA Ankur Mittal (Assistant Manager @ Reliance Communication) (759 Points)
Replied 10 November 2011

@ sarthak for vat question you have to reverse 25% vat credit as the output is 25 % exempt and for resident question he is nor resident becuase he is covered in special category, all allowance to govt employees of gvot posted abroad are exempt and income accruing outside india and received outside india is not taxable