As per Notification 30/2012 under WCT ST liability of Service Receiver is 50%- Please Clarify following doubts
1.Liability of Service Receiver can adjust against his Input credit Claim or actual payment should make through challan?
2.He can claim input credit of the same against liability of that month itself?
Please help me to clear the same
HOW IS SERVICE TAX CHARGED FOR WORK CONTRACT WORK AND WHAT IS THE RATE OF TAX
Let's say if I as a consignor am a proprietory concern while my GTA is a company then do I have to pay service tax or is the GTA that is required to pay it?
Also if the GTA includes service tax in the invoice itself then do I still have to pay service tax separately as a service recipient under reverse charge mechanism?
Sir
I am working in PSU where some vehicle has been taken on hire basis, maximum vehicle owner's have turnover is less than 10 lacs so service tax as not paybale by them . whether we are liable for payment of 40% of service tax as a service receiver's liability.
Thanks in Advance
can we file revised Service tax return for October11 to March12 upto 25th July 2012?
For revision is there any different ST-3 is available or the same ST-3 as we filled in H2-11-12 is to be revised?
An NRI/PoI having property in India and having rental income, which is taxable under renting of immovable properties.
Now the question is,
a) is NRI/PoI is need to pay tax in India
b) In case he forms the trust and transfer the rights to the (discretionary) trust to receive the rent; whether it is taxable at the hands of trust or at NRI/PoI
c) The commercially rented rental income is more than 1 Cr. in a year; which was offered to income tax but to service tax. - what are the consequence.
Sir,I've read notification 15/2012 for reverse charge mechanisam, in that few services covered under that notification, Kindly confirm which taxable services covered under this notification or reverse charge mechanisam.
A warm Hello to all,
My firm is a manufacturing concern availing benefit of notification no. 12/2003 of Service Tax. Can anyone kindly let me know whether after introduction of negative list, whether the said notification will be still valid & can i still claim exemption on basis of that. If not, is there any new notification applicable to me.
Thanks
Pl explain in simple language
Dear Experts,
I have a query, please give your valued clarification. Is it required to pay advance payment for service tax like income tax advance tax payment. If so, what is the due dates. Please let me know at the earliest.
Thanks / Regards,
S.V.S.C.S.SASTRY
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Reverse charge method