I am working in partner ship firm we develope and construction of residential flats as we pay service tax or not. If we pay what is the rate of Tax.

My accountant has advised me that Service tax is deposited on receipt basis not on bill basis.

I have a following query.

For example the service tax for a period is Rs. 1ac.

service Tax receipt for the same period is Rs.80K and tax is deposited in time.

Balance service tax amount Rs. 20K is realized in 1-2 months.

Please advise, What is the time frame to deposit the balance service tax amount.

Regards.

Our company purchases steel pipes. From those pipes, we get scaffolding manufactured from another company. Scaffolding is given out on hire to our clients. It is erected & dismantled by our labour at client's site.
Are we eligible for CENVAT credit on those pipes? Can we use CANVAT credit on those pipes against service tax on labour charges for erection & dismantling of scaffolding?

A chartered accountant has rendered taxable services for a value of rs. 9 lacs. In the same year he gets a bank audit assignment which would take his taxable service beyond the threshold of 10 lacs. In this case, how will he raise a bill for the bank audit services because a portion of the bill would be within the threshold and balance only would actually be taxable. However, to the bank, you have to intimate whether you are liable for service tax or not and levy service tax if it is applicable.What is the methodology for raising the bill, filing returns and payment of tax as you would have collected service tax on the total bill value and not on the amount exceeding the threshold. Learned forum members views solicited.Thanks

Dear Friends,

I want to know the accounting code for penalty under late filling return. is it possible to make payment online of above penalty?

your early reply will be appriciable to me.

Thanks

The assessee an individual was registered under the category of Cable Tv operator under service tax rules.Search operations were carried out at the assessee's premises and certain documents were seized. The assesse died before issue of SCN. The assesse's legal heir along with another person formed a partnership firm and took over the assets and liabilities of deceased assessee's business. The department issued SCN to the newly formed firm demanding tax, interest and penalty. Is the SCN Valid. Kindly clarify.

I have purchased one Residential flat in Nov 2010 in Pune , for which I came to know that the Builder has already completed 60 % of this project before 1st July 2010 ,

So Could you please confirm me if I can claim benefit of this Partial Completion and I need to pay Service tax only on the balance 40%.

if service tax paid on transport bills under goods transport agency. whether claimed taken or not on service tax paid.?

A company is doing the business of software game development. The games will be downlaoded by the the ultimate customers through an intermediary channel.

Is this business a service and taxable under Service Tax

Sir,

If a company as awarded two contract to one agency for civil construction work and in the rate of service tax charged are two different rates in first contract it was 4.12% (Composite rate) and in second contract 2.58 (75% of 10.30% - under the head "commercial & industrial construction). Is it viable to charge.

Regards,

Lijo Philip