banner_ad

Sam Kuruvilla
06 November 2009 at 08:24

INTEREST ON DELAYED PAYMENT

An assessee is a construction contractor. He has not paid the service tax from 16.6.05 to as on date for the contract receipts. How to calculate the interest on service tax if the same has been paid on 07.11.2009?
Is the same has been calculated on day basis or month wise?
Status: Individual

Year 2005-06 Due date Contract receipts Service tax Interest
Q 1 05/07/2005 643665.00 20,960.00
Q 2 05/10/2005 1077240.00 35,079.00
Q 3 05/01/2006 1644144.00 53,540.00
Q 4 31/03/2006 1891081.00 61,581.00
Service tax is calculated on the assumption that contract receipts are inclusive of service taxes.


Raj Kumar
06 November 2009 at 00:35

for service tax registration

anyone tell me is it possible online service tax registration of the location of shalimar garden, sahibabad, ghaziabad, U.P.
if yes then tell me the commissionarate name and the range ot this particular location.
please send your reply as soon as possible.


Sonal Kulshreshtha

If the payment for bill raised in Nov.08 was received in March'09 and it was dishonored and I received the cheque again in April'09. Service tax has also been received @12.36% then I would be paying the same to Govt. at the same rate or I would be liable to refund the excess amount to the party? How should I account for it?



Anonymous
05 November 2009 at 16:19

How to avail Service Tax credit?

We have accumulated the credit for 6 months for service tax. How long it could be availed? Suppose my Service tax to be paid in Month of Oct is Rs.100000 and my Cenvat credit stands at Rs.10000 accumulated since April'09?Could it be availed now?


Sonal Kulshreshtha
05 November 2009 at 15:29

how to calculate service tax in a company?

As far as I know service tax can be paid on Bills collected basis. But what if bill for professional fees has been raised?Then while calculating Fees we credit Service Tax payable also. Is it necessary to pay the whole amount of Service tax liability even if the fees has not been collected yet at year end?



Anonymous
05 November 2009 at 12:59

GTA Applicability (Service Tax)

One of my Client is a Authorised Dealer of Hero Honda Motorcycle Ltd. in a capacity of Individual (Prop.ship Concern)

He paid freight to company.
Company frieght Invoice show Service Tax Amount paid by consignee.

Who is liable to paid GTA.

Hero Honda Company or Dealer (Prop.ship concern)

please suggest.


Mayank Kumar Agarwal
05 November 2009 at 11:52

Transaction with foreign Company

Dear Mr. Warrier

I has received two views of my quary

As u said that 1,00,000 divided by 110.3 & multiplied by 10.3 will be the ST Amount

whereas Mr. ravi told me that 10.3% on 1,00,000 will be the ST Amount

Is there two views on this simple question

Please give me some direction as i m on the audit of a multinational company



Anonymous

please guide me about rate of interest and penalty on late filling on service tax on transport by road ( steel products - resale materials ) for f.y. - 2009-10.it is necessary to file six month report, also last date of filling the return???


CA Ankit Zaveri
04 November 2009 at 16:48

ST on Transportation

We are traders in furnace oil & other chemicals. There are huge amount of transportation involved on what we have to pay service tax @ 2.575% under reverse charge mechanism principal. Kindly advice can we utilise our cenvat credit balance for making above service tax liabilities.

Wheteher there are any recent notfication/amendment/changes in the above provision ??????



Anonymous
04 November 2009 at 16:43

Input Service Credit on Intengible Assets

Can i take Input Service Tax Credit on Purchase of Technical Know how? and if Yes, up to What extent 100% or 50:50% in two years?






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details