It firm Start it new Firm & During construction period paid all Payment from Old Firm for New firm. at that time services tax paid for New firm but from Old firm can be taken as Setoff for Old Firm.

my Q? is that Old firm can take cenvat credit of new firm which is still in Construction & for that payment is made from Old firm.

Dear Friends!

My brother is into Hair weaving business and also does Obesity business. He is having his own setup with an investment of about 5 lac. He earns Rs.0.50lac (net) aprrox per month. His queries are:-

1. Is this attract service tax?
2. If yes, what is the procedure of getting registration?
3. What is the procedure of getting his business registration?
4. He wanted to file Income Tax. what is the procedure of doing that?

Your advice in this respect will highly be solicited.

who is liable to pay s.tax in case of insurance agent under commission and brokage and which amount?

One of our client (individual) had taken S.T. Regt. NO. in Oct'09 but he has not done any business and also he has not filed any return. Now he wants to cancel the regt. no. Is he liable to pay penalty on Nil return, which will be submitted in this month. Also, is he liable to submit return for the period Oct'10 - Feb'11

by mistake i filed the written for wrong assesment year by clicking on 2008-09 instead of 2009-10.. what is the remedy?

R/Sirs

kindly Guide us for due dates of Service Tax deposit for Indvidual,Firm , and company.

Thanks in advance

There is still confusion in service tax on rent of immovable properties.
Whether it should be collected from Service recipient and paid to govt or not.

Respected sir,

Suppose we have of raises 5 invoices in a month and payment recieved 4 invoice out of 5 invoices. What is rule of service tax payment . We will have to pay 4 inovice's service tax and one will be pending and payble after receiving amount ..or.. we have to pay all five invoice on due date.

With thanks & Regards,

Sir please adivise to us that if our cnsolidated contract is made with party for unloading and transportation of that material and that party is unregistered with service tax. and we have depsoited the service tax on full amount after taking the abatemend 75% on full amount due to contractor has provided consolidated bill of transporation and unloading. Is this method is right or not and if wrong then on which party is responible to pay service tax to department.

hiii., Service tax for works contract in composite method is 4.12% of total bill or 10.3% of labour (in karnataka ratio is 30:70) if my labour charges is less then or more then 30%. wat i should do., can take the actual labour charges into 10.3% or 30% of contract value is for labour is fixed. hope u vill guide me