what is the procedure or extra documentation etc required once a private company is converted in to a public company regarding service tax,sales tax and PF/ESI???
My client is a dealer in passenger car vehicles.thay receive commission from finance institutions for financing vehicle purchase and insurance for the same, for which the figure is taken as inclusive of service tax and is also paid. Along with this they also collect labour charges from customers for certain pre delivery expenses and service tax on same is also paid. are there any provisions in the act stopping them from claiming service tax input on expenses like advertisement,cleaning charges, rent etc......
RESPECTED SIR....
ONE OF THE CONTRACTOR GET A CONTRACT FOR MAN POWER SUPPLY IN A FACTORY.FROM NOV 2007 ONWARDS. & T/O FOR 2007-08 IS ABOUT 5,00,000/- & FY 2008-09 FROM APR-08 TO SEP-08 HIS TURN OVER IS NEAR ABOUT 8,00,000/- & IN THE MONTH OF OCT-08 HE APPLIED FOR SERVICE TAX REGISTRATION & GET THE STC NO ..
FROM OCT-08 ONWARDS HE HAS PAID THE SERVICE TAX ON THE AMOUNT COLLECTION.
WHILE ENGAGING IN CONTRACT WITH FACTORY AN AGREEMENT HAS BEEN EXECUTED BETWEEN THE CONTRACTOR & THE FACTORY...
IN THE AGREEMENT ONE CONDITION IS THAT STATUTORY TAX AS APPLICABLE...
SO MY QUERY IS THAT..
ON WHICH AMOUNT SERVICE TAX IS APPLICABLE...
1.AMOUNT COLLECTED AFTER CROSSING THE T/O LIMIT ....
2. FROM THE BEGINING OF THE YEAR (BEFORE CROSSING THE T/O LIMIT BECAUSE IN AGREEMENT ONE CONDITION IS THAT STATUTORY TAX AS APPLICABLE...)...
THANKING YOU...
REPLY AS EARLIST....
A TRANSPORTER NOT CHARGED ANY SERVICE TAX IN HIS BILL.
IN THE YEAR AMOUNT RS. 8LACS PAID TO HIM.
NOW, HOW WE CAN UNDERSTAND THAT HE IS NOT LIABLE TO SERVICE TAX I MEAN TRANSPORTER.
Thank you once again.
the contractor is engaged in preparing finshed goods like misti dahi,fitness curd ,lassi etc.we do provide him raw material and he finishes his job by packing finished goods
At the end we do make payment @ per kg basis.
his margin is included in the prescribed rate.
thanking you in advance.
Dear sir,
Flex prinitng organization is eligible in service tax
dear sir,
we colleagus willing to form a co-op socities and build an apartment like and distribution of flats among the members of society, we want to know the srvice tax implications at the time of registrering in individual names
we make payment to work contractor on monthly basis engaged by us.we provide raw materials to the contractor and at the end he finishes the work as per contract.Whether his payments are chargeable under service tax?is there any exemtion to certain industries from paying service tax?if yes,kindly provide the list of these industries?
with regards
thanks in advance
Dear All,
Is there any notification issued for maintenance of roads under commercial construction services recently.
Thanks
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conversion of company