2. Mere transportation of products is just not lined in the classification of cargo managing and is particularly consequently not liable to Company Tax.
Cargo Handling Provider: Desire: Keep: Dealing with of products throughout the factory premises and things to do for example shifting of unfinished and concluded items from the factory premises doesn't amount to giving 'cargo managing services': Pre deposit waived.
It can appear stock flip all over, gross sales and manufacturing and creation rising as a way of salvaging the problem. It is vital for 1 to determine the corporate financial ratio so as to ascertain the issues this firm is struggling with.
Within this case, due to the fact“Eye Eyesight has never offered, nor does it offer to sell, the Clear See Laser without the embedded software package because the software is important to perform...
Cargo Dealing with : The applicants ended up unloading the coal wagons, crushing and conveying and feeding of coal to inventory pile or bunkers via conveyer belts.
If Hitachi Chemical compounds could source the pellets, Kota will control to lessen its Pellets` inventory from two months to simply two or a few times. The final proposal from the operations supervisor helps make suggestions on the specified volume of once-a-year creation. The operations manager highlights numerous Positive aspects that the corporate is likely to get which include: its gross profit margin will improve up to 3 p.c due to a secure workforce.
Changes to Guna Fibres funds administration coverage could aid to cut back the problems that Guna Fibres is presently dealing with. By analyzing Guna Fibres coverage of spending shareholder dividends Each and every quarter and their coverage of trying to keep 750K Rupees readily available all of the time one can begin to see wherever these procedures place additional force on the organization to borrow.
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4 Web pages Kota Fibers Exploration Paper ...December twelve, 2010 To: Ms. Pundir – Running Director and operator, Kota Fibers Ltd. Pricey Ms. Pundir, As you realize, Kota Fibers has actually been increasing its income regularly within the 15-20% selection yearly for the last three years and the important link 2001 forecasts are displaying 20% advancement. Regardless of these robust revenue figures, Internet money is forecasted for being only $one.3 Million, Nearly 50 % of 2000 Net Cash flow despite the forecasted incremental rise in product sales of $15 million. Additionally, the organization is facing a funds crunch and the Company’s banker, the All-India bank and Trust Company are extremely nervous because they see their financial loan posture with your business staying prolonged and Kota has didn't repay the bank loan According to the deal. This can be a serious challenge and ought to be resolved right away. I have reviewed the Company’s projections and cash flows with the fiscal calendar year finished December 31, 2001 within an try and discover: a) the operational difficulties and alternatives offered by numerous departments and b) the integrity of the data inside the forecasts and hard cash flows. I've finished so With all the intent of furnishing your organization with a far more precise fiscal photo for 2001 and to find out if the organization can fulfill its fiscal obligations towards the financial institution and various essential creditors. The following report is often a summary of my findings. Be sure to also check with Appendix one which is a numerical summary of my results.
Cargo Handling Service: Board clarified that if Cargo Dealing with Services and transportation companies are rendered and if from the costs elevated for that services rendered, transportation is demonstrated separately (on genuine foundation, verifiable by documentary proof), the tax would be leviable only on the cargo handling charges.
Cargo Handling Services: giving manpower and providing manpower can't be equated with furnishing the service in dilemma.
It's clarified that no cargo managing assistance might be mentioned to happen to be rendered in these kinds of cases, consequently Service Tax just isn't leviable.
Guna Fibres can be a textile producing enterprise situated in India that is definitely subject to seasonal swings in need as well as an more and more competitive setting. Guna Fibres has Traditionally used a line of credit history from All-India Financial institution & Have faith in to finance the purchases essential to satisfy the spike in desire that happens Every single summer. Traditionally, Guna Fibres would zero out the balance on this line of credit history in Oct, per the financial institutions policy.