What is the procedure for registration?

Dear Experts,

Pls guide me on difference between interest and penalty. If a person deposit Service tax 17 days after due date (i.e. 5th of Every month), how would he determine that he should pay interest (13% p.a. on service tax payable) or penalty ( whatever the rate of penalty is)? Should he pay interest or penalty in above case?

Regards
XYZ

Sir,



We are undertaking execution of interior work as per the drawings provided by the Architect. We have registered under Interior Decorator Service. The department says that since we are not giving any advice or consultancy our services are taxable under Construction (Finishing and Completion) Services and ST is payable on gross value without abatement. Is that correct?



Secondly, Tax is being arrived on the following method.


Sales as per Balance Sheet 10872500
*Labour Charges received 2065265
Advances received 1065208
TDS deducted 565902
Total 14568875
Value on which VAT paid @ 12%(-) 2586966
Sundry Debtors (-) 1065896
Total Taxable Value 10916013
Cum tax Value 9715212
ST payable 12.36% on 9715212 = 1200800

*Pure labour charges without any material involvement

My doubt is

Is TDS is includable in the Value?

We are charging ST in our invoices. But ST is calculated on the receipt basis? In such a case is cum-tax value is applicable?

Whether the VAT value deduction is correct?


Overall is that above calculation is correct?


Thanking you Sir,

What is current procedure to amend Address in Service Tax ?

Naresh

hi friends

Please guide me is there any service tax liablity to intermediary if insurance commission received from insurance co. and it includes service tax also before deductting TDS?

as tax are paid to us so we should deposit or insurance co. will deposit?please suggest ASAP

Mr. A provide taxable service to mr. B Rs. 50000/- Gross amount and Mr. b goes insolvent and no amount is recovered

will it be included in taxable service ?
Is service tax payable on it ?

Q1. Mr. A provide taxable service worth Rs. 12500 to mr. b,
Mr. B in consideration provide Rs. 10000 in cash and a law book worth Rs. 2200

CASE I >
What will be the amount of taxable Service & amount of service tax to be deposited ?

CASE II >
what if Law book in worth Rs. 2600/- What would be the taxable service and service tax payable ?


please provide detailed and case wise answer

we are contracting company. When we get a contract we charged service tax to the client @4.12% on the total bill further we also get work done from the sub-contractor but the sub-contractor does not charge us service tax in his bill and payment made by us to the sub contractor is more than 10 lacs during the year so does we require to pay the service tax on thier behalf by getting registered ourself as service tax receiver. please reply

Anybody tell me what reasons to be presented ahead Commissioner by which he would waived off our penalty for late filing of service tax return...



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My client is in trading of ceramics as well as a clearing & forwarding agent.

For trading business,VAT tax is applicable & for clearing & forwarding agent service tax is applicable.

should there be seperate entities so that the books of accounts are clear for respective businesses as well as it will help in assessment of the same?

Please advise.