One of my client who is service receiver from us asked below details to enable them to avail the Cenvat Credit

Quote-
Description, classification and value of taxable service provided or to be provided ; and the service tax payable thereon.
-Unquote

we are into manpower recruitment/supply, in our case what would be the 'description and classification'

With regards
Purusotham
9343323311

Hi All,

Can anybody guide me on following matter.

We have received service tax reg. no. from the department 3 months back and now we have to pay the service tax but the banks refuse to collect the service tax because they don't find our reg. no. in their records.Once the bank had refunded the tax on this basis.

As per the dept. records the status of registration is active.

can cenvat credit be claimed once registered under works contract(composition scheme)instead of using 4.12%

Hello,

As per the new service tax circular no. 120/01/2010, if the service tax refund is inexcess of Rs. 5 lakhs then declaration should be certified by the statutary auditors/or the tax auditors of the company.

In that event, companies who have international firms or like as their statutary auditors will have to bear an additional certification fees burden for this service.

Is this certification of declartion from statutary auditors/tax auditors is manadatory.

Regards

One of my client(Contractor/ Builder) has to give Performance Guarantee , question is that service tax is applicable on this guarantee or not ?
the amount involved is the whole of the performance guarantee amount.
Kindly Revert on this urgently as he has to enter into a contract

Dear Sir/Madam,

What are the taxes (e.g. Service tax, VAT, WCT, TDS etc.) applicable to a civil & interior decorator and how (tax break-up).

Two contractors (both civil and interior decoration) are carrying out their works at my office.

We are situated at Chennai, Tamilnadu

Total cost for the civil contractor is Rs.1,00,000/-
Total cost for the Interior Decorator is Rs.8,00,000/-

What type of taxes will apply to the above vendors? If the contractor provides relevant registration, the particular tax will be exempted.

I am not an accountant but for my job I need to know the procedure and calculations.

Pl. help me with some examples.

With regards
MadhuSudan

Dear Expert,

I am woking in a company and our company is providing free Lunch & Dinner to the labour staff. Few Months ago our admin dept has decided to outsource the same and had awarded a contract to the party. But the said contractor has remained failed on all front and hence, once again admin dept has taken charges. Later on admin dept found that the said contractor has not paid some of the bills of LPG, Provision Items etc. Our admin dept has decided to pay on behalf of the contractor and recover the same from his bill. Before making payment of these bills, I want to know that whether it will create implication of Services Tax / VAT on our company? Please reply at the earliest. I will be very thankful to you.

What is codes for payment in GR7 challan for advertising agency?

Service tax code :
Education Cess Code:
Higer & SecondaryEducation Cess Code:
Interest Code :
Penalty code :
My Email ID : jai_mourya117@yahoo.com

Thanks & Regards
Jai Prakash

We have a client who has a 'Pass through and monitoring assignment agency'.
It has received a assignment from the government of India. In this, the company will recieve funds from the Government to pass on to computer teaching institutes to teach to the backward areas of some places. It is a long project and a continous one. Also, Government will be paying the company 1.5% of the gross amount charged (disbursed to Computer training institutes) as professional fees.

In this i have a doubt regarding the:
1) the head of service tax: will it be business auxillary services'
2) Also, the service tax will be levied on the gross amount charged or only on the 1.5% ie professional fees.

What is the current rule of Service Tax for SEZunit?
Our company is located in SEZ. We are going to take a General Insurance Policy. Should companmy need to pay Service Tax on premium amount or it will be exempt?