Hi,
In the current finance bill there was service tax leveid on all properties under construction on the buyer. I have purchased a flat in Nov 2008, its still under construction. So far I have released 90% of the total sale value to the builder. Will I have to pay the service tax as part of this finance bill even though I have got into an agreement in Nov 2008? Any help on this would be highly appreciated.
Regards
Swaroop
Is it mandatory to file half yearly returns of service tax for FY 2008-09 electronocally, considering the recent notification no. 1/2010.
Will the Service tax Department accept phisycal return for FY 2008-09?
Please advise
Dear all,
My transporting income exceed rs.10lacs in february and my s.t. registration dt.24.03.2010 please tell me s.t. charge on whole bill of march or not
i am not charged s.t. up to february bills
please tell me i am liable to pay s.t. in whole amount y/n
Thanks
I am a contractor....i get contract from aircel regarding tower work....I provide labour work to aircel and also use materials for said work....I raise Invoice which consists of service tax....When aircel makes payment it deducts TDS and WCT.....what will happen to WCT..will I get its credit in Service Tax.???
My client collectiong 12% service tax from mhis clients and showing in his books as 10% and paying to govt 10% and remaining 2% adding to professional charges means showing as revenue.
ex:collecting fees as
professional charges 50000
service tax 12% 6000
But showing in books as
professional charges 50500
service tax 10% 5500
And paying to govt Rs.5500 can he do like this. is it valid as per law
dear all,
my income from rented house property (4 nos.) is above 10 lacs. and i am not charged service tax on rent.
pls tell me how to save service tax
Dear All
We had provided a service to a Japanese MNC in India and raised a Service Invoice in USD to Japan Head office with Charged Service Tax @10.3. now we have received payment from Japan in excess due to rate conversion. So please clarfy that service tax payable is actual charged or actual received if it is actual received so what entry is made for this.
Dear Friends,
This half yeary service tax return last date on 25th April (Saturday). Thats why i have deposited service tax return on 28th April as per service tax rule but our Service tax inspector denied to accept service tax return. He said you can deposit service tax return alongwith Rs500/- late fee.
where can we pay the penalty amount ?
and is there any separate form to pay penalty ?
If an educational institute which is a service provider is paying depository charges on shares purchased from the income of institute. Can institute avail the credit of service tax paid on these charges against its own service tax liability?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Service tax on properties under construction