My client paid to fees to his client DEDUCTING T.D.S.(PAID NET AMT) on that total amount service tax should charged(Amt+T.D.S) OR THE NET AMT SERVICE TAX CHARGED?
IN SHORT S.T. CHARGED ON GROSS AMT OR NET AMT.?
Kindly clarify the rates applicable to :
1) Service rendered on or before 24 Feb 09 but bills raised after 24 Feb 09
2) Advances received on or before 24 Feb 09 but services rendered after 24 Feb 09
According to Rule 4 of service Tax rule 1994-where a person commences the business of providing a taxable service after such service has been levied, he shall make an application for registration within a period of thirty days from the date of such commencement.
Q- i am a retainer(proprietor) in a company w.e.f.1st april 08 and if my retainership is 2,00,000 p.m. w.e.f. april 08,when should i get registered with the service tax authority.
with in 30 days from being a retainer in the company i.e. 30th april 08 or within 30 days from the month in which my exemption is over i.e.30th sep 08?
dear Sir/Madam
We are Contractors, works taken from government as well as Private
Recently we have taken subcontract canal work (irrigation canals) nature of work is “Fabrication, supply, erection, commissioning and installation. Is applicable service tax? Canal is connecting to Dam; construction of dam is exempt from service tax. and also it is not commercial or industrial purpose. Please explain them
dear sir,
i am an interior designer practising as an Consultant. i have few commercial projects in my hand with material and labour.
what taxes are applicable to me if i am doing such jobs?
should i collect s taxes on the gross amount?
should i collect taxes if i cross 10 lacs after deducting material bills? i will not cross 10 lacs if only consultancy is there. should i also collect vat if i cross 5 lacs as billing is in my head? what is the percentage of taxes applicable and on what case?
i am not doing this kind of jobs on regular basis. will i have to continue collecting such taxes next year even if i will not cross 10 lacs?
please suggest me as i am in puzzle regarding collecting taxes from my clients.
anticipating your reply at the earliest.
New Rule 6(3) of Cenvat Credit Rules 2004,
gives two option for taking the cenvat credit i.e.
(i) either reverse the credit attributable to the inputs services used for providing the exempted service.
(ii) pay8% amount of the value of the exempted service.
Please advice what stand for value of exempted service whether the value of trading activities shall also become part of value of exempted service or not likewise other income like income received from sale of old newspapers/garbage shall become the part of value of exempted service or not for working out the percentage of ratio between value of taxable and exempted service.
when should we take the service tax credit at the time of payment or return ?
can any one tell me ?
with example
Hello, Friends
I want to know that whether there is any limitation of time period for filling the service tax return..for eg..if i have to file the service tax return for the year ending 2002-2003 can i do so and what are the consequences
Being a proprietorship firm , we are to pay Rs.1 lakh as a contribution to a medical seminar/ held last year .
Is there any need to deduct any form of tax ( service tax /income tax etc, ) prior to paying to the organisers. The conference has no regstartion under any tax authority. I am told that some companies have deducted a part of the committed funds and depositedwith Govt .
Please eductae me.
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rate of service tax now