Generally Software Companies claim Service Tax paid as input credit . Therefore the Govt is collecting the Service tax from Partys and Returns the same to the Companies..Then where is the question of Revenue to the Govt?

What is the meaning of the Input credit availed & input credit utilized.

Is availed means the amount eligible for cenvat credit being credited in the books( but the payment has not been made)

& Utilized means that how much out of availed has been paid during period & hence is eligible for deduction.

What will happen with the cenvat credit if the Company is doing both the trading of goods & the service providing activity & receiving the bills for say auditors fees, Rent etc. Will the Amount of bill be apportioned & hence the cenvat credit will also be distributed & can be availed only against the service providing activity. if yes in which proportion

What is the latest requirement of documents for Registration of services provided by an advocate?

Dear All,

We are manufacturing unit situated at vapi phase 1, the premises is on lease/rent basis and hence we are paying service tax on immovable property. Now, can we avail credit as "INPUT services" and clear the duty on our finished goods. please reply on commercial_vapi@eltete.co.in

please anybody will say.....whether Service tax on GTA will be allowed as Input Credit.??

Sir,

XYZ as a Company under CSR (Corporate Social Responsibility) wanted to constuct a Hospital in a near by Villages.
XYZ is giving contract to ABC Contractors for constuction of such hospital building.
Contract is between XYZ and ABC for constuction of the Hospital building.
Finally after completion of the Hospital building XYZ is going to hand over to Govt/ Villagers.

1st Transfer of property of the building transfers from contractor to XYZ.
Later Transfer of property of the building may transfer from XYZ to Govt.

My question is applicability of the Service tax or any other Tax for the ABC contractors for construction of the Hospital building ?.

If service tax is applicable at what rate ? is there any abatement or exemption for that ?

Can anyone clear me whether the rental income on residential property is taxable or not. Please send me any link where i can see and show to my client.

Thanks

Construction of Commercial Complex have been made taxable from 1st July 2010.

Whether advance received prior to 1st july 2010 but service provided after appointed date will be taxable.

Circular No. D.O.F 334/03/2010-TRU point no. 2 Specifically exempt on amount received prior to appointed date whether it is applicable to commercial complex

Dear Sir, We have to export our own packaged software products to european countries, please let us know, what are the taxes applicable while exporting the packaged software product?


Chandresh Singh