Re: [aurangabad_ca] Querry Form 704

Saturday, February 6, 2010 9:57 PM By Livemail

 

Dear Sir,
 
pl refer schedule details asked are pertaining to set off available or claimed, purchases effected @ 5 % are of construction contracts, and set off of purchases effected by way of works contracts resulted in immovable property are not eligible for set off.so there is no need to declare such purchases.it will be shown in col.purchases from regd dealers not eligible for set off.
 
Thanks,
 
suhas padhye.
--- On Sat, 6/2/10, canuknow <canuknow@gmail.com> wrote:

From: canuknow <canuknow@gmail.com>
Subject: [aurangabad_ca] Querry Form 704
To: aurangabad_ca@yahoogroups.com
Date: Saturday, 6 February, 2010, 4:59 PM

 
Dear All,
 
I have querry regarding form 704
 
One of my client having 6 categories of purchase eligible for set off i.e. 1,4,5,8,12.5 & 20 % but Sch III (Section 7) 0f 704 allow to entered only 5 categories purchases in tax rate wise break up of purchases from registered dealers eligible for set off. due to this wrong set off amount reflect in form.
Please guide how this would have present in 704?
 
Thanks in Advance.


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