Registration process for Excise vat and service taxChidurala Kapil
This document discusses registration requirements and processes for VAT, excise, and service tax in India. It covers:
- Types of registrations required under each (dealer, manufacturer, centralized, etc.)
- When registration is mandatory, such as when taxable turnover exceeds certain thresholds.
- How to register online by filling out the applicable forms and providing required documents like PAN, address proof, etc.
- Details needed in registration forms, including lists of goods/services traded and taken as inputs.
- Options for registration of branches and roles of auditors in verifying registration details.
- Accounting treatment of registration expenses.
The document provides an overview of Indian tax registration
This document provides an overview and analysis of service tax and VAT in the context of works contracts, construction, and EPC contracts in India. It begins with defining works contracts and discussing the key legal cases that established works contracts as divisible into goods and services components for taxation purposes. It then examines the relevant definitions and provisions around works contracts under the Maharashtra VAT and Indian service tax law. Key topics covered include valuation methods, inter-state works contracts, exemptions, and the implications of important court cases like Kone Elevators. The document serves to explain the basic concepts and analytical framework for understanding the taxation of works contracts in India.
Here are the key points regarding liability to pay excise duty:
- The manufacturer of excisable goods is primarily liable to pay excise duty.
- The owner of the factory or premises where manufacture takes place is also liable if the duty cannot be recovered from the manufacturer.
- Every person who produces or manufactures excisable goods or stores such goods in a warehouse is liable to pay excise duty.
- Duty is payable on removal of goods from the place of manufacture or warehouse. No excisable goods can be removed without payment of applicable duty, unless otherwise provided.
- Liability arises when goods are removed from the place of manufacture or warehouse for home consumption or sale. The duty
An education loan is a form of financial support from banks or institutions that allows students to pursue higher education. Loans are available for graduation, post-graduation, and professional courses approved by state and central governments, as well as foreign universities. Students can receive loans up to Rs. 7.5 lakh for studies in India and up to Rs. 15 lakh for abroad. Banks assess loan eligibility based on personal discussions, family income and assets, course details, and university reputation. Interest rates vary by bank but are typically 1-2% above prime lending rates.
The document repeats the phrase "Forgotten photos !!!!", suggesting it is emphasizing forgotten photos or memories. No other details or context is provided about the photos beyond this repeated short phrase.
Modern Hindu law applies to three categories of people: 1) Hindus by religion, including Hindus, Jains, Sikhs and Buddhists, 2) Hindus by birth with at least one Hindu parent, and 3) those who do not practice Islam, Christianity, Parsi or Judaism. Hindu law also governs tribes that have been sufficiently influenced by Hindu practices. Under codified Hindu law, a person can be considered Hindu either by religion, birth or if they do not belong to another major religion.
Registration process for Excise vat and service taxChidurala Kapil
This document discusses registration requirements and processes for VAT, excise, and service tax in India. It covers:
- Types of registrations required under each (dealer, manufacturer, centralized, etc.)
- When registration is mandatory, such as when taxable turnover exceeds certain thresholds.
- How to register online by filling out the applicable forms and providing required documents like PAN, address proof, etc.
- Details needed in registration forms, including lists of goods/services traded and taken as inputs.
- Options for registration of branches and roles of auditors in verifying registration details.
- Accounting treatment of registration expenses.
The document provides an overview of Indian tax registration
This document provides an overview and analysis of service tax and VAT in the context of works contracts, construction, and EPC contracts in India. It begins with defining works contracts and discussing the key legal cases that established works contracts as divisible into goods and services components for taxation purposes. It then examines the relevant definitions and provisions around works contracts under the Maharashtra VAT and Indian service tax law. Key topics covered include valuation methods, inter-state works contracts, exemptions, and the implications of important court cases like Kone Elevators. The document serves to explain the basic concepts and analytical framework for understanding the taxation of works contracts in India.
Here are the key points regarding liability to pay excise duty:
- The manufacturer of excisable goods is primarily liable to pay excise duty.
- The owner of the factory or premises where manufacture takes place is also liable if the duty cannot be recovered from the manufacturer.
- Every person who produces or manufactures excisable goods or stores such goods in a warehouse is liable to pay excise duty.
- Duty is payable on removal of goods from the place of manufacture or warehouse. No excisable goods can be removed without payment of applicable duty, unless otherwise provided.
- Liability arises when goods are removed from the place of manufacture or warehouse for home consumption or sale. The duty
An education loan is a form of financial support from banks or institutions that allows students to pursue higher education. Loans are available for graduation, post-graduation, and professional courses approved by state and central governments, as well as foreign universities. Students can receive loans up to Rs. 7.5 lakh for studies in India and up to Rs. 15 lakh for abroad. Banks assess loan eligibility based on personal discussions, family income and assets, course details, and university reputation. Interest rates vary by bank but are typically 1-2% above prime lending rates.
The document repeats the phrase "Forgotten photos !!!!", suggesting it is emphasizing forgotten photos or memories. No other details or context is provided about the photos beyond this repeated short phrase.
Modern Hindu law applies to three categories of people: 1) Hindus by religion, including Hindus, Jains, Sikhs and Buddhists, 2) Hindus by birth with at least one Hindu parent, and 3) those who do not practice Islam, Christianity, Parsi or Judaism. Hindu law also governs tribes that have been sufficiently influenced by Hindu practices. Under codified Hindu law, a person can be considered Hindu either by religion, birth or if they do not belong to another major religion.
The document provides satellite images taken at night that show various cities and geographical features lit up across multiple continents. Key details that can be seen in the nighttime photos include major cities in Europe, North America, South America, Africa and Asia, as well as natural landmarks such as the Swiss Alps, Iceland, the Black Sea and the Red Sea. The photos demonstrate the beauty of the Earth when viewed from space at night.
Heart disease is the number one killer worldwide. It is caused by a buildup of fatty deposits called plaque in the coronary arteries that supply blood to the heart. This buildup is known as atherosclerosis. Risk factors include age, family history, high cholesterol, smoking, high blood pressure, diabetes, obesity, physical inactivity, and excessive alcohol use. Indians are at especially high risk. To prevent heart disease, one should eat a healthy diet low in fat and cholesterol, exercise regularly, avoid smoking, monitor cholesterol and blood pressure levels, and take medication as prescribed if risk factors are present. Maintaining a heart-healthy lifestyle can help prevent heart disease and its complications.
The document describes a 10 question personality test purportedly used by corporations to assess employees. It instructs the reader to take the test themselves, which involves choosing between answer options for questions about habits, preferences and behaviors. Scores are then totaled and matched to analyses of how others may perceive someone's personality based on the results. The highest scores are said to indicate being seen as bold and adventurous while the lowest suggest being viewed as shy and indecisive. Readers are encouraged to share their scores by forwarding the test.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
This document discusses several famous waterfalls around the world beyond Niagara Falls. It provides details about Victoria Falls, which has a width of 1.7 km and is the largest sheet of falling water. Angel Falls is described as the world's highest waterfall at 979 meters tall. Iguazu Falls are located on the border of Brazil and Argentina and consist of about 270 falls along 2.7 km of the Iguazu River, some up to 82 meters high. The document encourages remembering waterfalls beyond just Niagara Falls.
This 3 sentence document outlines 3 stages of life where an individual may have some resources but lack others. The first stage is when one has time and energy but no money. The second is when money and energy are present but time is lacking. The final stage is where money and time are available but energy is absent.
This document summarizes the scope and provisions of Section 372A of the Indian Companies Act, 1956 regarding loans, investments, guarantees, and securities provided by companies to other bodies corporate.
The key points are:
- The ceiling limit for such activities is 60% of paid-up capital and free reserves or 100% of free reserves, requiring board approval below the limit and a special shareholder resolution above.
- Specific details must be provided in any special resolution and registered within 7 days. Non-compliance may result in penalties.
- The board can approve guarantees exceeding the ceiling limit within 12 months if certain conditions are met.
- Some activities like loans to subsidiaries are exempt from these requirements.
Status Of The President Under The ConstitutionShiva Shankara
The document discusses the status and powers of the President of India under the Indian Constitution. It begins by providing context on the historical meaning and origins of the term "President". It then examines the key provisions of the Constitution relating to the President, including their election, functions, and powers. Some of the President's main powers discussed include: giving assent to bills, promulgating ordinances, granting pardons, dissolving the lower house of parliament, dismissing ministers, and declaring emergencies. The document analyzes debates around the extent of the President's independent powers versus acting on the advice of the prime minister and council of ministers.
Eggs are a versatile ingredient used in many dishes. They can be prepared in a variety of ways such as scrambled, fried, or baked into cakes and breads. Proper handling and cooking of eggs helps ensure they are safe to eat and brings out their best flavors.
Status Of The President Under The ConstitutionShiva Shankara
The document discusses the status and powers of the President of India under the Indian Constitution. It begins with providing context on the historical meaning and origins of the term "President". It then outlines the key provisions in the Constitution related to the President's role, functions, and powers. The President has executive, legislative, and emergency powers but courts have ruled that most powers must be exercised on the advice of the Council of Ministers. There is debate around some independent powers like pardoning and dissolving the lower house of parliament. Overall, the document analyzes the President's role as outlined in the Constitution and issues that have been subject to judicial interpretation.
A charitable trust can be formed as a trust, society, or non-profit company registered under section 25 of the Companies Act. To form a trust, one person is needed to create a trust deed or will. To form a society, at least seven people are required. A charitable institution can also be formed by registering as a non-profit company. The key requirements to form a valid charitable trust are that it must have a religious or charitable object, the founder must have the capacity to create the trust, the object and property dedicated to the trust must be clearly indicated, and the trust's objects cannot oppose any law. A written trust deed is generally desirable but not always required by law.
Freedom Of Speech And Expression Vis à Vis CensorshipShiva Shankara
This document discusses freedom of speech and expression with regards to censorship. It begins by outlining the constitutional protections for freedom of speech in India and internationally. It then discusses the reasons why free speech is important, including for discovering truth, self-fulfillment, democracy, and pluralism. The document outlines reasonable restrictions on free speech in India, such as for security, public order, and defamation. It then discusses laws relating to censorship in India and how censorship can restrict free speech, giving examples of pre-publication bans and defamation laws.
Impact Of M&A On Employees & Working ConditionsShiva Shankara
Mergers and acquisitions can have significant impacts on employees and working conditions. When two companies merge, there is often a clash of cultures that pulls employees in different directions and endangers the objectives of the merger. Individual employees and groups within the companies may experience ego clashes or a loss of control. Personnel issues like compensation and job roles can also be affected when organizational structures differ between companies. The merger process itself typically takes 6-9 months and involves reorganization that disturbs the work culture. Employees experience stress, uncertainty and fears about potential job losses or changes to their roles. Integrating the human resources of the merging companies is key to the success of the merger but can be challenging.
1) Email evidence in Indian courts faces challenges as existing laws were not designed to address electronic evidence like emails. While amendments have been made, they still focus more on computers rather than the email data itself.
2) Key issues include lack of clear provisions for authenticating emails, addressing tampering or deletion of emails, and recognizing emails as evidence of intent or character.
3) Foreign jurisdictions like the US have more robust standards for determining admissibility and authenticity of electronic evidence that Indian laws have yet to incorporate. The legal framework in India needs further reform to fully utilize the evidentiary value of emails.
Guidance Note On Tax Audit Under Section 44 Ab Of The Income Tax Act, 1961Shiva Shankara
The document provides guidance on changes made to the Guidance Note on Tax Audit under Section 44AB of the Income Tax Act of 1961. It outlines 4 key changes made by the Finance Act of 2007 relating to Section 40A(3), Rule 6DD, valuation of purchases/sales/inventory under Section 145A, and fringe benefits tax. It then provides detailed examples and adjustments to be made in accordance with Section 145A for trading concerns, manufacturing concerns, and on valuation of closing stock.
Nothing is impossible and God has given us many graces, though we often forget them. Children can remind us of important life lessons through their innocence and perspective.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
The document discusses key aspects of successful negotiation including communication styles, influencing styles, planning and preparation, and principles to follow. Effective negotiation involves resolving conflicts to achieve mutual agreements, modifying demands, understanding different communication styles, balancing push and pull influencing approaches, properly preparing with information collection, and separating people from issues to find joint solutions and mutual gains.
This 3 sentence document outlines 3 stages of life where an individual may have some resources but lack others. The first stage is when one has time and energy but no money. The second is when money and energy are present but time is lacking. The final stage is where money and time are available but energy is absent.
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The document provides satellite images taken at night that show various cities and geographical features lit up across multiple continents. Key details that can be seen in the nighttime photos include major cities in Europe, North America, South America, Africa and Asia, as well as natural landmarks such as the Swiss Alps, Iceland, the Black Sea and the Red Sea. The photos demonstrate the beauty of the Earth when viewed from space at night.
Heart disease is the number one killer worldwide. It is caused by a buildup of fatty deposits called plaque in the coronary arteries that supply blood to the heart. This buildup is known as atherosclerosis. Risk factors include age, family history, high cholesterol, smoking, high blood pressure, diabetes, obesity, physical inactivity, and excessive alcohol use. Indians are at especially high risk. To prevent heart disease, one should eat a healthy diet low in fat and cholesterol, exercise regularly, avoid smoking, monitor cholesterol and blood pressure levels, and take medication as prescribed if risk factors are present. Maintaining a heart-healthy lifestyle can help prevent heart disease and its complications.
The document describes a 10 question personality test purportedly used by corporations to assess employees. It instructs the reader to take the test themselves, which involves choosing between answer options for questions about habits, preferences and behaviors. Scores are then totaled and matched to analyses of how others may perceive someone's personality based on the results. The highest scores are said to indicate being seen as bold and adventurous while the lowest suggest being viewed as shy and indecisive. Readers are encouraged to share their scores by forwarding the test.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
This document discusses several famous waterfalls around the world beyond Niagara Falls. It provides details about Victoria Falls, which has a width of 1.7 km and is the largest sheet of falling water. Angel Falls is described as the world's highest waterfall at 979 meters tall. Iguazu Falls are located on the border of Brazil and Argentina and consist of about 270 falls along 2.7 km of the Iguazu River, some up to 82 meters high. The document encourages remembering waterfalls beyond just Niagara Falls.
This 3 sentence document outlines 3 stages of life where an individual may have some resources but lack others. The first stage is when one has time and energy but no money. The second is when money and energy are present but time is lacking. The final stage is where money and time are available but energy is absent.
This document summarizes the scope and provisions of Section 372A of the Indian Companies Act, 1956 regarding loans, investments, guarantees, and securities provided by companies to other bodies corporate.
The key points are:
- The ceiling limit for such activities is 60% of paid-up capital and free reserves or 100% of free reserves, requiring board approval below the limit and a special shareholder resolution above.
- Specific details must be provided in any special resolution and registered within 7 days. Non-compliance may result in penalties.
- The board can approve guarantees exceeding the ceiling limit within 12 months if certain conditions are met.
- Some activities like loans to subsidiaries are exempt from these requirements.
Status Of The President Under The ConstitutionShiva Shankara
The document discusses the status and powers of the President of India under the Indian Constitution. It begins by providing context on the historical meaning and origins of the term "President". It then examines the key provisions of the Constitution relating to the President, including their election, functions, and powers. Some of the President's main powers discussed include: giving assent to bills, promulgating ordinances, granting pardons, dissolving the lower house of parliament, dismissing ministers, and declaring emergencies. The document analyzes debates around the extent of the President's independent powers versus acting on the advice of the prime minister and council of ministers.
Eggs are a versatile ingredient used in many dishes. They can be prepared in a variety of ways such as scrambled, fried, or baked into cakes and breads. Proper handling and cooking of eggs helps ensure they are safe to eat and brings out their best flavors.
Status Of The President Under The ConstitutionShiva Shankara
The document discusses the status and powers of the President of India under the Indian Constitution. It begins with providing context on the historical meaning and origins of the term "President". It then outlines the key provisions in the Constitution related to the President's role, functions, and powers. The President has executive, legislative, and emergency powers but courts have ruled that most powers must be exercised on the advice of the Council of Ministers. There is debate around some independent powers like pardoning and dissolving the lower house of parliament. Overall, the document analyzes the President's role as outlined in the Constitution and issues that have been subject to judicial interpretation.
A charitable trust can be formed as a trust, society, or non-profit company registered under section 25 of the Companies Act. To form a trust, one person is needed to create a trust deed or will. To form a society, at least seven people are required. A charitable institution can also be formed by registering as a non-profit company. The key requirements to form a valid charitable trust are that it must have a religious or charitable object, the founder must have the capacity to create the trust, the object and property dedicated to the trust must be clearly indicated, and the trust's objects cannot oppose any law. A written trust deed is generally desirable but not always required by law.
Freedom Of Speech And Expression Vis à Vis CensorshipShiva Shankara
This document discusses freedom of speech and expression with regards to censorship. It begins by outlining the constitutional protections for freedom of speech in India and internationally. It then discusses the reasons why free speech is important, including for discovering truth, self-fulfillment, democracy, and pluralism. The document outlines reasonable restrictions on free speech in India, such as for security, public order, and defamation. It then discusses laws relating to censorship in India and how censorship can restrict free speech, giving examples of pre-publication bans and defamation laws.
Impact Of M&A On Employees & Working ConditionsShiva Shankara
Mergers and acquisitions can have significant impacts on employees and working conditions. When two companies merge, there is often a clash of cultures that pulls employees in different directions and endangers the objectives of the merger. Individual employees and groups within the companies may experience ego clashes or a loss of control. Personnel issues like compensation and job roles can also be affected when organizational structures differ between companies. The merger process itself typically takes 6-9 months and involves reorganization that disturbs the work culture. Employees experience stress, uncertainty and fears about potential job losses or changes to their roles. Integrating the human resources of the merging companies is key to the success of the merger but can be challenging.
1) Email evidence in Indian courts faces challenges as existing laws were not designed to address electronic evidence like emails. While amendments have been made, they still focus more on computers rather than the email data itself.
2) Key issues include lack of clear provisions for authenticating emails, addressing tampering or deletion of emails, and recognizing emails as evidence of intent or character.
3) Foreign jurisdictions like the US have more robust standards for determining admissibility and authenticity of electronic evidence that Indian laws have yet to incorporate. The legal framework in India needs further reform to fully utilize the evidentiary value of emails.
Guidance Note On Tax Audit Under Section 44 Ab Of The Income Tax Act, 1961Shiva Shankara
The document provides guidance on changes made to the Guidance Note on Tax Audit under Section 44AB of the Income Tax Act of 1961. It outlines 4 key changes made by the Finance Act of 2007 relating to Section 40A(3), Rule 6DD, valuation of purchases/sales/inventory under Section 145A, and fringe benefits tax. It then provides detailed examples and adjustments to be made in accordance with Section 145A for trading concerns, manufacturing concerns, and on valuation of closing stock.
Nothing is impossible and God has given us many graces, though we often forget them. Children can remind us of important life lessons through their innocence and perspective.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
The document discusses key aspects of successful negotiation including communication styles, influencing styles, planning and preparation, and principles to follow. Effective negotiation involves resolving conflicts to achieve mutual agreements, modifying demands, understanding different communication styles, balancing push and pull influencing approaches, properly preparing with information collection, and separating people from issues to find joint solutions and mutual gains.
This 3 sentence document outlines 3 stages of life where an individual may have some resources but lack others. The first stage is when one has time and energy but no money. The second is when money and energy are present but time is lacking. The final stage is where money and time are available but energy is absent.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Cover Story - China's Investment Leader - Dr. Alyce SU
Some Transactions Fall Between Service Tax And Vat
1. Some transactions fall between service tax and VAT
September, 15th 2008
A recurring challenge in indirect taxes is that of double taxation of a single transaction. The challenge comes
about because a particular transaction is both deemed to be a supply of goods, in terms of the State sales tax/value added
tax definitions, as also a provision of services, under the central service tax law.
The Supreme Court, in its decision in Bharat Sanchar Nigam Ltd Vs UOI [(2006) 145 STC
91], had of course held that double taxation was impermissible and that transactions could only be charged to one of the
two taxes and not to both.
An equally important challenge however is the prospect of double non-taxation in that a transaction is neither
charged to the State VAT nor to the central service tax. Of course, pure services which are currently outside the ambit of
service tax law and which are unrelated to the supply of goods are not charged to any indirect taxes at all at present but the
challenge is really with regard to those transactions which are intended to be taxed but which not charged to either the VAT
or the service tax as a result of the wordings of the underlying provisions contained in the respective statutes and their
interpretation by the Courts.
One such challenge was with regard to the taxation of the transfer of the right to use tangible goods. Now, it is an
obvious point that the relevant tax in relation to such transactions of goods would be the sales tax or VAT. Prior to the 46th
Amendment to the Constitution of India in 1983, only the outright sales of goods were chargeable to the sales tax. It was
only subsequent to this landmark amendment that several categories of ‘deemed sales’ of the kind described thereunder
were also charged to the State sales tax law.
One such category of deemed sales related to the transfer of the right to use goods. Consequently, while there was
no sale of goods, in that property and ownership in goods was never transferred, nevertheless transfers of the right to use
such goods were brought within the ambit of the sales tax.
This has led to a spate of litigation on what constitutes a transfer of the right to use, in order for the sales tax to
apply. In a landmark case, the Andhra Pradesh High Court in Rashtriya Ispat Nigam Ltd. Vs. CTO [1990]
43 STL 67) held that in terms of the particular contractual agreement under reference, the effective control and
possession of the machinery that was used in the execution of the contracted works continued to remain with the person
who supplied the machinery for the purpose.
In the instant case, it was the company which was the owner of the project in question that had supplied the
machinery in order for the contractor to put up the works.The Court held that there was no transfer of the right to use the
machinery in the complete absence of passage of control over the economic benefit of the property.
Following this decision, several other high courts have held to similar effect that unless there was transfer of
effective control over the goods, the sales tax or VAT laws cannot apply. Two recent decisions in this regard have been by
the Allahabad High Court in Commissioner of Trade Tax Vs. UPSRTC[2008] 16 VST 226) and
Commissioner of Trade Tax Vs. Nand Transport Co. [2008] 16 VST 381).
It is therefore settled that in the absence of any transfer of the right to use the underlying goods, the VAT laws will
not apply. Such transactions were therefore outside the purview of the goods tax and were equally outside the purview of
the service tax as well.
However, the recently introduced definition of the service of supply of tangible goods is intended to address this
particular matter of the double non-taxation of a transaction which was intended to be taxed but was not so taxed, as a
result of the above case law. This new definition states that any service in relation to supply of tangible goods including
machinery, equipment and appliances for use, without transferring the right of possession and effective control thereof,
would be charged to the service tax.
Since such a transaction does not, in terms, amount to a transfer of the right to use goods, the idea is to charge it to
the service tax since the goods tax in the form of the VAT cannot apply. The key expression in this definition is ‘without
transferring the right of possession and effective control’. This expression is almost entirely extracted out of the above
decisions of the Courts on sales tax and the endeavour is quite clearly to tax such a transaction to the service tax.
The issue of whether a transaction where the right of possession and effective control is not transferred is taxable
under service tax law has been discussed in relation to certain other definitions of taxable services as well, such as ‘rent a
cab’ operator services as well as ‘intellectual property services’. In relation to rent a cab operator service, the key words are
with regard to the ‘renting of a cab’.
In a situation where cab services are procured without the control and possession of the cab being transferred to
the user, the question was whether the definition would apply at all. As regards intellectual property services, the issue is
slightly more complicated as it extends not only to temporary transfers but also to transactions whereby the use or
enjoyment of an intellectual property right is permitted.
There have been several instances where the application of these other definitions has been seriously disputed, in
the absence of a ‘transfer’ of the underlying goods. However, with the introduction of the definition of supply of tangible
goods services, it clearly is the position that in all such instances the service tax will now apply. The VAT will not apply
and thus only the one indirect tax will be charged.