Answer Posted / vpnarasimhan@gmail.com

First of all we should find out are we really eligible for
such credits. If so, what ever Service Tax we have paid in
out payments viz., on Telephone Bils, Credit Carsd Bills,
Tourist cab bills etc., i.e wherever/whatever servicetax
paid by us bills should be taken carefully.
Steps: aa) Take xerod copies of all the bills.
bb) ascertain the amounts and total for the
expenses viz., service tax charged in that bill & paid to
the vendor.
cc) its better to aopen an excel sheet and fill &
update all the bills' data on service tax.
dd) sum up and assign the total for the period say
for that particular month.
Second Stage: Suppose your Service Tax due is Rs: 23585/-
for a partifular month and you have paid service tax for
the services you have enjoyed - thro' vendor's bill and the
total is as per statement (dd) is say Rs : 3585/- You may
remit Rs: 20,000 (net) But you have to keep the xerox
copies of the bill which is required at the time of
scrutiny/assessment. But you can send a details statement
(excel sheet) at the time of monthly return.
Most important thing : while accounting the above you
should not book the entire expense since you are going to
enjoy the input credit of service taqx expenses treatment
should be given accordingly other wise it will affect P & L

WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com

2288

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DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?

3323

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Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

3737

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Sir please confirm job work sale for clothes shat d1 yes & no

1767

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I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

4848

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as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com

2035

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if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?

1495

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What are the deductions under salary head?

1057

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we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format

6396

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My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?

2208

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Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -

2206

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kindly advise me any set off in excise duty in maharashtra

1613

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What is the procedure to take modvat and its form number

2490

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In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in

1773

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what is the objective of business taxation in private company?

2471

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