the property is held by husband & wife having 50 % each, the area in the property falling in their share is identified & specified.

The property was let out w.e.f 1.2.2009 at monthly rent of 120000/- per month each, however consolidated cheque of 240000/- recd and deposited in joint account.

the security in the shape of advance rent is 2 month rent on which tds not deducted by the tenent.

pl advise - whether to calculate thresh hold limt of 9 lacs for registration the rent would be seen jointly or individually.

also will the advance rent which is basically security deposit refundable after 3 year will be added to check 9 lac

in totality advise what would be status if the registraion is applied w.e.f. 1.4.2009

Sanjeev jain
9811274429

How much amount is an IATA approved air travel agent liable to pay as service tax of a ticket?

Iata approved airlines (Air India,Jet,kingfisher)ticket has two components -
1.basic fare
2.taxes
Agent gets commission on basic fare.

Low Cost carriers (eg-Spice Jet,Indigo)gives transaction fee to agents.

please send me procedure of cancellation of service tax number

we are charging service tax on basic price of service provide in the invoice.
After that we add freight (upto the place of delivery) actual + Rs.50/100.

we are paying service tax as per invoice.

Is service tax payable on actual freight?

Is service tax payable on actual freight +Rs.50/100?

sir
I am an CHA.
I purchase clearance with servicetax & sale with service tax.Some time the purchaser charges excess agency charges.agency charges are charged service tax.some time we deduct the excess agency charges and its service tax.

Eg: agency charges 1000
service tax 10.36% 104
total payable 1104
paid (800+83) 883.00

can i reverse the remaining charges with service tax (200+21) 221.00 same like purchase return and say the duration for reversing the entry
entry:(agency purchase )dt1/10/09
party ac cr 1104.00
agency dr 1000.00
st 10.36% dr 104.00

reverse entry (deduction)dt 31/3/09
party dr 221
agency cr 200.00
st 10.36 21.00

please say

please say me how shound i call. interest:

service tax payable: october to december
Rs.66700.00
this amount is to paid on 1/4/2009 so how much should i pay the interest.How to calculate the interest

pls.so eg: for calculation

please say the date for payment of service tax qtrly & also return filling dt.

what is the accounting treatment of service tax on telephone expenes

Sir If party has deposited excess amount of service tax @12.36% instead of 10.30% and we have deposited it with the service tax authority . Can the party asked for the refund of the excess amount of service tax which he has paid to us.

Can anyone help me out in a doubt relating to the above subject.

Q: Turnover for FY 2007- 08 - 700000
Total receipts in 07-08
(a)in respect of bills raised
in 07-08 - 650000
(b)advance received in respect
of service to be rendered in
Fy 08-09 - 400000
--------
Total receipts - 1050000
--------
The business was commenced on 31st Jan, 2007.
My queries are:
(i)Can i claim general exemption upto Rs. 800000 receipts, given to small service providers as my turover in 07-08 is less than Rs.800000?

(ii)Should I pay service tax on receipts exceeding Rs 800000 i.e on Rs.250000 which constitutes my advance receipts?

(iii)As my turnover is less than Rs.800000 in 07-08 can i get general exemption of Rs.1000000 in FY 08-09?

(iv)Finally what are the consequences if I am not registered in FY 07-08?

I would be grateful if any one provide me with the answers for the above queries as soon as possible.

Thanks in advance

Regards,
SRAVANI P

Sir,

We pay Service on Job Work and GTA (Goods Transport AGency) For Example We purchased Machiney and obtain Cenvat of Rs. 2,00,000/- (Input Credit) and Output through Job Work is 1,00,000/- and Rs. 25,000/- on GTA Service (with getting 3.09% Abatement on GTA) our total liability to Service Tax Department is 1,25,000/- (1,00,000+ 25,000/-) but out Credit through Cenvat is 2,00,000/- Can we pay GTA Service through CENVAT.

Thanking You

Sunil Kumar

My E-mail id is = sunil_kumar10520@yahoo.com