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V V SATYANARAYANA   06 December 2008 at 17:21

Service Tax - Invoice under Rule 4A(1)

Sirs,

We avail CENVAT credit re.the services tax paid on the services received againt our output service.

The Invoice has all the particulars of Rule 4A(1) i.e. name, address & registration number of Service provider;
(ii) name and address of the person receiving the taxable service;
(iii) description, classification and value of taxable service;
(iv) the service tax payable thereon.

But, the date of Invoice is 24th .

Since the bill is to be issued not later than 14 days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable services whichever is earlier.

Since the date of the invoice is not within the stipulated period though other ingredients are fulfilled, can the department refuse giving me CENVAT Credit.

Kindly clarify and reference of supporting case laws if any.

Thanking you.

Keshav Kumar Saxena   06 December 2008 at 17:03

Interest on investment

Please tell the maximum exemption limit of income from interest under Income Tax Act ?

M Sandal   06 December 2008 at 11:23

Section 24-Deduction of intrest on borrowed capital

pl clarify
(i)As per Sec 24 of IT Act, intrest on borrowings for housing repairs are allowed to be deducted as loss from property and allowed to be taken into account by the DDO / employer for TDS .Ifeelintrest on personalloan - and not only int on housing loans - for repairs of self occupied house is allowed by the DDO/ employer. . Pl quote any clarifications given by CBDT/Courts.
(ii) Whether DDO/Employer can demand rent receipts for rents upto Rs 3000/- as allowed by the CBTD Circulars pl clarify. Pl quote any clarifications given by CBDT/Courts.

Dnyaneshwar   06 December 2008 at 11:07

TCS on Scrap Sales

If i goods sold to Germay.in this Case TCS is applicable or not.If applicable by what Percent.

Anil Goel   02 December 2008 at 11:14

Rate of Vat

hello, experts
plz tell me the rate of Vat charged on Electronic Weighing scale, Weigh bridge, & load Cell. under Punjab VAT Act, 2005

Thanx

Kanishk Saxena   28 November 2008 at 11:19

Sales Tax Registration

Hi ! Every one,
would U Plz. tell me that after Registration in sales Tax Department on a Shop address, can a person open an other branch on other place on basis of same Registration.

He will issued his Bills of Branch office on the name & address of Head Office (Regis. under Sales Tax), is it possible to open other or more branches of shop on single registr.


He also want to mention branch off.address on the bills being issue from
branch off., is this Possible ?

Accordiong Sales Tax in Faridabad(HARYANA)

RAHUL   24 November 2008 at 15:05

MBA or LLB

Dear sir,

I am a graduate person and I am working uder a Taxation advocate last one year . I want to do MBA or LLB. Plz guide me which is better then above two choices and why. Plz guide me.

jin   23 November 2008 at 10:25

capital gain on sale of ancestral property

hi my father has got a share in house property of my grandfathre.there are three shares.the property is old house bought in 1960.the will is of 1994. wht are the effects of sale considration to my father .and wht shall be the capital gains and tax thereof if the property is sold for 30 lakhs. how the capital gain tax be avoided.my father has a personal i t file and also huf i t file

V V SATYANARAYANA   20 November 2008 at 16:54

Disallowance of CENVAT Credit if show caused

Sirs,

I am a service provider. I have taken service tax registration belatedly and claimed demand confirmed.

Now if I deposit the service tax with interest for the past period and claim from the service receiver, does the Department disallow the CENVAT credit to the Service Receiver because I am (service provider) is show caused and adjudicated.

This part is not clear in the CENVAT Credit rules. Is there any departmental clarification or case laws available in this context. What is the legal position plese.

Kindly provide your valued opinion.

Brindha   14 November 2008 at 10:09

Service tax paid to the builder

Sirs,

Are the purchasers of flats eligible to get the refund of the Service tax they paid to the builder (during 2007-08) ?

From the circular,issued by Central Board of Customs & Excise issued Service Tax Circular No.96 dated 23rd August 2007 which covers the issue, it looks like that the property buyers need not pay service tax to builder/developer. On the other hand if the developers had employed the services of a contractor, it is the contractor who will have to pay service tax and not the developer builder.

Please clarify?

1. Which section of service tax act demands that the service tax to be paid by the property buyer to the builder ?

2. Is there any relevent decision by the SC or any advance ruling on this matter?

Thanks,

Brindha