Greetings of the day to all the learned experts!!!

We have let out our factory through lease rent agreement. Factory consists "factory Building and plant and machinery"

What will be VAT and Service Tax implications.

Lease rent is Rs. 250000 per month.
This is only an operating lease.
We are based at Karnataka.

Warm Regards

Pls help me about due date for payment of service tax on legal consultancy service as per reverse charge mechansim.

Dear Sir,
I have referred about my query previously asked by somebodies in our site. According to that what i understood is
Bill by Man Power supplier

100 emp x 1000=100000
S.tax 12.36% =12360
Total Bill Amount=112360


In Tax amount 12360- 75%=9270 to be paid by the contract receiver
remaining 25% of Tax amount 3090 to be paid by the service Provider.

Dear all please confirm whether i understood right or wrong if not please explain me.

i'm expecting your valuable replies.

how to fill st 3 oct ot mar 13 i have paid servic tax and recved servic tax different is my net servic tax payable which i have paid by challan but how fill this details in st 3 return i am confused becoz it taking full service tax amt on my gross value where to take service tax paid setoff value so my net servic tax payable will come and that should be match with h1 challan and acual paid pl reply urgent

In case of reverse charge , is service receiver required to register under reverse charge to pay the tax liability?

We are a Software compny, & Applicable MVAT & Service tax on our product.

Now we want to bill Out of India, So we need to charge any tax? or pay any export duty?

Thanks in advance

one of my clients has not yet paid the service tax collected from april to june till date.

any one please tell me the interest rate for delayed payments and also the penalty provisions that may be attracted.

Dear Sir
I am accountant of small scale co I want assistance for reverse s.tax mechaism.
If iam taking services from lawayer is s.tax deductible from the bill? Is employer responsibility create?

Kindly suggest the journal entry of below transactions.

We received the bill of Security charges from the Security Service Provider. They charge us 30,000/- Basic and 25%(3.09) Service tax as per (Notification 45-46 dated 07/08/2012) We have to deduct TDS 1% in Case of INDIVIDUAL Or 2% Other than INDIVIDUAL on Rs 30,000.

My firm is a partnership firm, shall I liable to pay service tax under reverse charge on service received from lawyer (like Consultancy on sales tax,income tax,return filing)etc. shall i liable to pay service tax under reverse charge on audit fees or any kind of fees payble to Chartered Accountants irrespective have they fallen under exemption limit (Rs10 lakhs.)?