n v sudhakar
05 November 2009 at 14:52
We started our manufacuring activity during FY 2008-08 and availed exemption of Rs. 1.50 crores. This year also we are availing exemption. We may cross exemption limits in the next year i.e, 2010-11 or 2011-12. But we bought some capital goods during 2008-09 and 2009-10 also. Can we avail cenvat credit on capital goods after we cross exemption limits or is there any time limit to avail?
Is it necessary that we have to show these capital goods particulars in our quarterly returns when we are availing exemtpion.
Kindly clarify on the above at the earliest
Regards
N V Sudhakar
Ram
05 November 2009 at 14:33
Dear sirs,
We are a partnership firm in Karnataka. We are converting the same into a pvt ltd company. The existing partners shall be the directors. We are aware that we need to apply for new registration of company after canceling the registration of firm under KVAT Act. We are holding stock of Rs 1 crore (commodities taxable at 12.5%) in firm to be taken over by company.
Our query is are we suppose to pay VAT @ 12.5% on stock held by firm by billing the same with out put tax of Rs 12.5 lakhs to the new company and the new company claiming input tax of the same ( treating the same as purchases from firm).
We find it difficult to discharge such huge vat at one point and claim input for the new company. Is there any provision where stock can be transferred by means of agreement between firm and company. We will be in trouble if at the later stage if the authorities demand tax on closing stock transferred, if we transfer by means of agreement. Or is it better to raise tax invoice as said earlier.
pls advice
Anonymous
05 November 2009 at 14:15
I have the Query on the following:
If any individual is working in an Hospital and is the beneficiary of the health service scheme but his parents don’t fall under such scheme as the parental income is not less than 3000 p.m as per the pension scheme in order to claim full reimbursement. One of his parent acquired the dreadful disease i.e Cancer and the cost of treatment for the same is very expensive(in lacs for chemotherapy and other investigations) ..Such individual made the representation to head of the hospital to provide relaxation in ceiling limits in order to provide coverage to his one parent but the head of the hospital refused to entertain his request with the remarks that “the same cannot be accede to”
Please inform whether the such individual can file the application in the court of law against the wrong use of discretionary power against the head of the hospital?
Please inform whether the suit is maintainable in the Hon’ble CAT or High Court having the jurisdiction??
Waiting for your reply at earliest
Swagata
05 November 2009 at 14:15
Can a Company file one application for getting environmental clearance for various projects? if yes,in what way the approval is received from the State Pollution Control Board?
RAKHI BUDHIRAJA ADVOCATE
05 November 2009 at 14:03
Hello Dear members of LCI,
Can anyone provide me the soft copy of ac Act of Haryana state co-operative housing fedration ltd.? Plz. its urgent. thanx in advance.
Anonymous
05 November 2009 at 13:45
The query with respect to the documents required for establishing the history of a house as part of a sale transaction.
1) X, the owner of the house offered the sale of the house to Y. X has provided the documents of the house to Y at the initial stage of the transaction for verification. Those documents do not establish the history of the property. So, Y requested X for the same. As a part of this ,X has made an application to RDO requesting ‘Pahni’ documents two months before present day. It has been two months, but the RDO has not provided the document so requested till today. Upon repeated reminders, the staffs of the RDO are delaying the process in providing the requested documents saying that it is not so easy to get those documents; and it takes so much of time. ------------------Now, the query with respect to the 1st listed issue is a) what does ‘Pahni’ document mean? How does it help in establishing the history of the documents? and b)As said by the staff of the RDO, why does it take so much of time in obtaining those documents?
2) On the other side, Y the other party to whom the property has been offered applied for loan to a bank. As part of that, initially the bank requested for NOC which has been submitted. Thereafter, the legal dept of the Bank requested for a Patta document to be issued by RDO establishing the Possession rights of X of the said property at the addressed location. The legal dept of the bank has returned the loan file as the Y could not submit the requested patta document within that time line. -------------------Now query with respect to this issue is – Whether Patta document and Pahni Document are one and the same? If not, what does each of them mean? Can the submission of Pahni document of the house to the bank is sufficient replace to Patta? Please clarify.
3) Also. Please explain what is the best way of getting the document related to the property from the staff of the RDO without any further delay, because it is delaying everything and if this continues the loan file may be closed in the bank. If there is any fast way possible please provide the details.
4) And how do we know the history of the property? And how do we know that the property can be bought without any hesitation? Is an EC sufficient for the same?
Anonymous
05 November 2009 at 13:10
Is there any restriction on a practicing Advocate for joining board membership of a Company ?
will the Advocate eligible for practice and be on the Board of a company ?
braesh upadhyay
05 November 2009 at 12:59
sir ,i am medically boarded out of navy because of depression because i was not happy with the kind of corruption prevailing needs help please any lawyer who has fought cases against navy please reply
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