We have appointed a Professionals at site out of india, We deduct TDS on Prof. Fees paid to Him as he is on contract as on now.I want to know that If he is Paid Fees more then 10 lacs he has to avail Service tax No. for being appointed as professional on contract or he should be treated as employee which is beneficiary in both cases.

What is company laible for taking the proof as if we pay more then 10 lacs as fees?

1. DOES ANY SOFTWARE DOWNLOADED FROM THE INTERNET ALONG WITH ITS KEY AND SUBSEQUENTLY SOLD ATTRACT SERVICE TAX? THESE TRANSACTIONS ARE DONE CONTINOUSLY AS BUSINESS.

2. WHETHER ANY TDS TO BE DEDUCTED ON PAYMENTS MADE FOR PURCHASE OF SOFTWARE THROUGH THE NET AND SOLD SUBSEQUENTLY?

FOR BOTH THE ABOVE QUERIES VAT/CST WILL BE PAID ON THE SALE MADE IN INDIA.

The High court has given the decision that no service tax is leviable on the renting of commercial property hence forth. So will this be applicable to all over India or just in Delhi.

And if yes and according to this order we do not charge service tax on the rent but if the government challenges this order in the Supreme Court, which is more likely then what will be required to do after that. Can we charge/ adjust in the subsequent invoices.

One more thing the DH says that that this order is applicable with retrospective effect from the day the tax was levied on commercial property rental.

Please do reply in brief.

Dear Sir,
What is the difference between service tax and service charge.?

Dear Professional colleagues

Assessee is an event management company. The company hosts events for which it collects registration fees from the individual participants and also collects sponsorship fees from various participants basically corporate and non corporate entities. As a result, these entities can advertise there products and services.

My query is

Is registration fees subject to service tax
If so which chapter
Is sponsorship fees subject to service tax if so which chapter

Thanks and regards

Ranga k S

As per Rule 2(1)(d), the receiver of sponsorship service is liable to pay service tax on the services received. Are they required to deduct the service tax amount from the amount payable.

For eg, A P Ltd has raised invoice on Shika, the service receiver for Rs. 2,00,000. Service tax is not charged as service provider is not liable to pay service tax.

Shika, instead of paying A P. Ltd (200000 less TDS applicable ), pays them (200000 Less TDS Less Service tax).

Is this correct? The payment of service tax is the liability and burden to be borne by service receiver.

In my view, Shika is not supposed to deduct service tax from the amount payable to A P. Ltd. Please comment whether my contension is correct or wrong

Dear colleagues

Our client is collecting service tax on export of services.

However due to fluctuation in foreign currency, service tax accounted will be different from what is actually received.

My query is

assessee should remit the amount of service tax accounted in the books at the time of invoicing or

the amount of service tax actually collected

Thanks and regards

Rang ak S

amt. of freight ex. rs. 500000 towards which rs. 100000 extra charges so that we book bill rs.500000 & we give him debit note rs. 100000 so on which amount tds is deducted rs. 400000 or rs.500000

kindly confirm what is the BASIC EXEMTION OF SERVICE TAX FOR SMALL SERVICE PROVIDERS


&


from when the rate of reduction from 12% to 10% if effective ?

Dear experts,
can any one help me
My question is regarding cenvat credit on input service.i know the cenvat credit on service is taken on payment basis but my doubt is whether cenvat is taken as per payment entry in books of account on date the cheque is issued to service provider or the date on which it is cleared by our bank.

this confusion mostly arises at the month end entries
Plz reply soon

Regards
CA mohd. kashif
Cont. No. +91-9810542862