Service tax is not applicable if amount of different invoices issued of services rendered during preceding year doesn't exceed Rs 10 lac. for instant:-
Suppose 4 bills are issued during the FY 12-13 by service provider.
Bill no1: Amount 4 lac. service tax not applicable.
Bill no2: amount 4 lac. service tax not applicable.
Bill no3: amount 2 lac. service tax not applicable.
total amount of 3 bills don't exceed 10 lac that's why no tax liability of service tax will be applied.
Want to know, would the same exemption be applied in the next financial years or service tax is applicable the moment next bill is raised becoz it exceeds the exemption limited of Rs: 10 lac????

HELLO,

MY QUERY IS IN WORKS CONTRACT SERVICES WHICH SCHEME OF ABATEMENT IS APPLICABLE 1) Notification No. 24/2012 - Service Tax, 2) Notification No. 26/2012- Service Tax. FROM BOTH WHICH ONE IS APPLICABLE FOR ME OUR CLIENT BUSINESS IS WORKS CONTRACT BOTH INCLUDE SERVICE 40% & MATERIAL 60% (INTERIOR & LABOUR).

THANKYOU

A lawyer/advocate is providing services to all categories of service receiver i.e. business as well as non-business entities having turnover less as well as more than 10 Lakh. Legal services as per Service Tax Rules is covered under reverse charge mechanism. Now my queries/doubts are:

Situation 1 : As long as lawyers/advocates gross receipts/turnover is below 10 Lakh, one is not required to register under service tax.

Situation 2 : When one is crossing or likely to be crossing the basic limit of 10 Lakh

Whether the service providing lawyer/advocate is required to obtain service tax registration in view of the fact that the category of service is covered under RCM and business entity is suppose to pay service tax?
If yes, then once obtaining such registration whether he/she is availed of basic exemption of 10 Lakh or he/she has to charge service tax on all previous bills as well?
Whether service tax is to be charged to all categories of clients (business and non-business entities) irrespective of their turnover criteria set in section or only to non-business entities?

Thanks

My client(Limited Company) contracted with a builder to rehabilitation work of basement slab & related drains & floor works for cabinet dyeing machines in dyeing shed.
For this purpose, steel, cement, water & electricity provided by company to contractor. All other material & labour expenses borne by builder. Company will pay a lump sum amount for this.
My question is whether value of cement, steel, water & electricity expenses are to be included for the purpose of calculation of service tax under reverse charge mechanism & what is the rate of service tax for this(40% or 70%)

Sir,


My Delhi based client engaged in the business of sale of goods supplied by a Foreign Company. The Foreign company does not have any business establishment in India.My client receives order from buyers in India and forward to the foreign company. The foreign company directly supply the goods to buyers in India and received payment from them directly. My client receives order and forward it to the Foreign company and in returns get commission. The foreign company transfers the amount to my client's account.
My question is-

1) Whether service tax is applicable in such transactions?
2) Whether DVAT is applicable in such transactions?

Dear Sir/ Mam,

Provision says that "GTA will be liable to pay tax only when both service provider and service receiver are individual".

The liability of service receiver under Reverse Charge Mechanism accounted to be
Tax @ 25% on abated value, if GTA does not avail CENVAT credit, otherwise tax on 100%.

How can we know that GTA has availed cenvat credit?

Dear All,

I had purchased a flat in a building of 3 floor (other than residential complex) from a promoter and paid an amount of 13 lac in the month of june'14 exclusive of service tax. However, promoter got himself registered to SERVICE TAX on september'14.The possession of flat was to be handed over at the month of dec'14, before giving the possession he issued the invoice charging service tax.
so pl let me know whether i am liable to pay service tax..
The payment was made before the completion of the construction..

somebody plz explain service tax levied on client of j & k , & service tax levied from client of j &'k . wat does d rule say ?? plzzz

Hi All
Being an Individual,My Income from commercial Rent is 924000/-in the f.y. 2014-15 which is non taxable.In the next yr.2015-16 it will be 1167250/-.GST will be applicable From F.Y.April 2016, shall go for St Registration in the F.Y.2014-15,????????

if he is doing work contracts to company and he is not registered does he liable for service tax and does company can get credit?