Respected Sir / Madam,
We are a Pvt. Ltd. Company situated in Maharashtra. We are doing activity of Works Contract and doing a work of supply, fabrication, erection & installation of material. The work order issued by a customer is inclusive of all taxes & duties & hence we do back calculation, while paying all applicable taxes to such type of transaction.
1. We are paying excise duty @ 10.30% on material required for works contract and taking input credit material against excise liability.
2. We are paying VAT @ 8.00% on entire sale value & taking input credit of 64% against VAT liability.
3. We are paying Service Tax @ 3.399% (33% of 10.30%) on entire sale value under Erection & Commissioning category of service tax & taking input credit of services used for this activity.
We want to ask can we pay Service Tax @ 3.399% & still can take input credit of services.
Or
Whether we have to pay Service Tax @ 4.12% (composition) under Works Contract category of Service Tax, And if we are paying service tax under Works Contract category under composition scheme, can we take input credit of services used for this activity. We are not taking any input credit of material, as the same is taken against excise liability. There are no capital goods which are used for this activity.
Pls. guide under which category we should pay service tax
Regards
Kamlesh
mr.x ,a service provider who pays service tax regularly,was of the opinion that a particular service was not liable for service tax. he,therefore,did not charge service tax in his bill. he received the bill amount without service tax.how will service tax liability of mr x be determined in such case.
Dear all
Pls tell me whether the rent is paid Rs.68000/- in that we have to give the service tax extra in this transaction what should be the entry passed and the service rendered by us should be paid what should be contras for service tax entry, for example if we giving rent is Rs.50000/- and service tax is 5150/- and we giving service to the customers is Rs.100000/- and service tax is Rs.10300/-, what the exactly should be paid service tax and what the accounting entry for all these transactions.
the company has centralised registration at mumbai service tax office...the company wants to start a business at pune as well.....can the same be included as additional place in the existing centralised registration at mumbai....or a seperate registration is required at pune?......whether this registration in mumbai is valid for all inida basis..or else we have to take seperate registration for states / commissionerate levels...etc...
Is there any exemption from payment of Service Tax if the receiver/provider of the service is Govt organization or PSU ?
Where can one file claims for refund of service tax paid on taxable services used by the exporter of goods?
Which banks provide the facility of e-payment of Service Tax?
Dear Sir,
We have take a godown on rent for material dumping, because of my factory godown is full. so pls. tell me about the applicability of service tax on rent.
because the owner of godown charged service tax in monthly rental bill.
the rent is Rs. 120000/-
service tax 12360/-
total 132360/-
We have not received the service tax for Dec 2008. what can we do. how will we make the payment any forms for that? If it is available please sent it
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Service Tax on Works Contract