Client provides two main output service of – 1) Agronomy 2) Commissioning & Installation services, and also produce drip irrigation system.
Can it avail service tax credit from the following services.
AR Securitisation
AS related valuation
Certification work related to export
Company Secretory
Credit rating - dealer credit evaluation
Credit rating agency
Forex advisor
Hotel charges
HR Consultant
Legal consulatant/Lawyer
Sales Tax Consultant
Statutory Auditor and Tax Auditor
Transfer Pricing and Tax representative
US GAAP advisor
If freight is includes in the purchase invoice value, and we are paying the total invoice value with freight also, we have to show in ward freight seperately or it was added to material cost? if we show seperately in in ward freight we have to pay service tax on it or not?And also tell me we have to pay service tax on freight which comes separately by transporter with freight letter & also it includes in invoice price also?
Kindly give me ur suggestion.
1)If a person pays transport charges in cash to transporter then will service tax be applicable.
2) If a supplier of goods charges for freight charges in the invoice itself then will the same be liable to service tax.
Please provide the relevant source for your suggestion. It is very urgent !!!!
Works contract service was introduced on 1-6-2007.A composition scheme was introduced and the rate was 2.06% till 28-2-2008.It became 4.12% from 1-3-2008.
Now, if Work executed after 1-3-2008 in respect of contract partly executed prior to 28-2-2008.Is it liable to tax at old rate of 2.06% or 4.12%.Why?
secondly, can composition benefit be claimed on advance received before 31-5-2007 for works contract to be executed after 1-6-2007?
Pls answer
During the audit of a real estate company, it is seen that the companyhas availed the composition scheme of Service tax, whereby it deposits ST @4.12%. The company is claiming input credit of VAT @ 4.12% paid on purchase of raw material.
My question is whether the company is eligible to take input credit of VAT from Service tax? If yes, under what rule/ notofication has this been laid down?
Reply at the earliest.
I am a insurance agent, and my average yearly payout from icici lombard is around Rs4.0-5.0 lac, do i need to register for service tax, that is can i avail exemptiont till Rs.10.00 lac in a year.
While auditing i have came across that a listed company is paying unloading charges to its transporter when it send goods to its dealer n distributor, will it attract service tax liability? if yes, then what should be the minimum amount of bill/bilty ?
i am charging service tax on letout of commercial building....that service tax is output tome and...
i paid service tax to one consultant...that is input tome...
my doubt is can i setoff that input with myoutput.......i mean is there any specific criteria for set off if input with outpur or we can we can set off the out with input which u get in any type of payment
Hi There,
Could any one explain under what circumstances Service Tax shall not be applicable.
Our main business is copper rod manufacturing but we also trading copper and other maetals through mcx broker and broker charged brokerage and service tax on brokerage can we take cenvat of service tax paid to brokerage as somone told us we can take cenvat of service tax relating to trading of copper not other metals
pls advise
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Can Service Tax credit be availed on input service