Hi,
One of my client earn commission from Thailand on the basis of sale of product of that Thailand's company done by him in India.Whether it is taxable or not?
Pls reply with details

what should be journal entry in case of work contract reverse charge mechanism?

Party A raise invoice as
material 4300
vat 172
labour 4600
service tax 284.28
TOTAL 9356.28

Party B make payment to party A after deducting TDS@1% and Party B has to pay service tax (i.e. 50% in case of reverse charge) of Rs 284.28

Now What should be journal entry in books of PARTY B?

kindly explain rules of payment service tax receipt basis and without receipt basis.

X ltd Company Pay Audit Fees in Financial 2015-16 for financial year 2013-14 and also in Financial Year 2013-14 company made a provision for Audit fees Rs 280000 (inclusive Service Tax @12.36%)but it paid in F.Y.2015-16 so can company avail CENVAT Credit and if Yes than how the Accounting Entry will be Passed in books of company Please Explained in Detailed

Thanks in Advance

PLEASE TELL ME A ACCOUNTING ENTRIES FOR THE SAME

Dear Sir/Madam,

Whether Service tax ids applicable on travelling expences Incurred by the company for its employee having contract with one travelling agency.

Please help me to know that whether service tax is applicable on that travelling expence or not?

Whether interest on delayed payment of Service tax is calculated on the basis of month or part of month concept or is it calculated on basis of delay in number of days?

For Eg:- If for quarter ending June i am paying service tax on 10th of July then whether interest @18% p.a will be calculated for one full month or just for 4 days which is actual delay?

Sir/Ma'am,

One of our client has not filed service tax return for the year 2014-15 till date and the same has not provided any services during the year.
so can it claim input tax credit during the year ? & can it file the return now?

I am owning Five Commercial shops in Hubli, and receiving Rs.10000/-p m for each shops in total Rs.50000/-from all five shops.Ihave only these commercial shops rental income, no other rental income to me .Shall I collect Service Tax on these commercial shops rental income ? if yes, at what rate I have to collect service tax from them.

Sir/Mam
i wanted to ask whether a private limited can be covered under the definition of educational institution for claiming mega exemtion (serial No 9.) ?

Hi,

The service in question is under the purview of reverse charge mechanism as per the service tax laws where the service provider is non resident and receiver is a resident.

The Rule 3 of POP Rules, 2012 is applicable here.

The service tax is normally borne by the service receiver but in this case the contract between the parties specifies that the contract price includes all applicable taxes (direct and indirect).

Quote:
"all charges quoted are inclusive of applicable taxes. Supplier will account to the appropriate authorities for ‘its’ income tax, applicable indirect taxes, any applicable statutory contributions and all other applicable taxes, liabilities, charges and duties."

Unquote:
So, in this case would I gross-up the contract value and do a reverse calculation to arrive at the service tax figure or the service receiver would still bear the service tax liability?

Please help.

Thank yoou