Hi,

We are registered Private Limited Company and providing ELECTRICAL Works Contract Services to our various Client.The Scope of Works includes Supply of Materials as well as labour and we are registered as Works Contractor.
Now the Questions are: -
1. If we are providing Electrical Works Contract then the Material & Service Portion are divided in the ration of 75:25 (75% Material and 25% Labour Charges). Am I right?
2. We only need to remit the State Value Added Tax (Sales Tax / VAT) on 75% of the Total Value of Works Contract Provided. Is this correct way of calculation?
3. We also need to remit the Service Tax on 25% of the Total Value of Works Contract Provided. Is this correct way of calculation? Please confirm
4. If the above stated methods are correct, whether we need to raise separate Invoices for Materials Cost and Labour Charges? Or can we raise single Tax invoice?
Please explain about the applicability of Service Tax and VAT for the above stated transactions in detail.

Thanks.
Gireesh Hegde

our respective regional offices are receiving certain services at their regional offices on which they wish to avail the cenvat & then distribute the same credit to our only plant at Silvassa through ISD invoices.

The officer is of view that, we need not take the registration for ISD, as per him due to changes in law from 2011, regional offices can endorse the bills (received at their end) in favour of Silvassa plant who in turn can avail the credit.

Sir, my client has constructed a Warehouse in rural area under Gramin Bhandar yogna and given on rent to Haryana State Co-op. supply and marketing federation ltd(HAFED)for ten years. Pls advise me, whether service tax is applicable or not on above rent.

Thanks & Regards
Randeep Singh

Hi

We hired an advertisement agency for TV Ads. The agency issued us a bill mentioning separately charges paid by it to TV Channels + service tax charged by them + Agency Commission + Service Tax on commission.

My query is can we take cenvat credit of service tax charged by tv channels to agency.

regards
Manish Gugnani

Dear sir,

we are a manfg.co using tanker lorry for the purpose of fire water

water is taken from our Co. the only use of the vehicle is hiring of tanker lorry

It is covered under which service?

if the service provider will not claim service tax,do we need to pay Service tax under reverse charge?

Pls explain

thanks
karthik

I have received a service falling under RCM ,In Bill entire 100 percent of service tax is charged for which i have paid ,Now the question is can i claim cenvat on entire amount ? My liability as per rule stands only for 40 percent.

Please Suggest with provisions Asap

Dear Sir

I have Two Doubts Please Explain if its is not clearly explain by me please tell

1.)
Oct-12 to Mar-13
ST Payable to GOVT - 7,00,000
Less: Cenvat 15,00,000

Balance Cenvat C/f 8,00,000

After 01-04-2013 My Business was closed and I want to Surrender my ST Registration after FIling the 2nd HALF ST. At this situation Non Utilized CENVAT of Rs. 8,00,000 is Refund to me

2.)
one my Sub Contractor raise a bills to me in the moth of Nov-12 Value Rs. 15,00,000 and ST on Value is 1,85,400, these bills not paid by me at the end of Mar-13 am I eligible to claim ST on these bills as CENVAT

3.) is Compulsory Bills Paid with in 90 Days if CENVAT Utilized?

Please guide me on the following matter

I had booked office premises in under constructed property. I was regularly paid their installment as and when due. In addition to this he is charging Service Tax also calculated on my installment amount and this also paid.

Now I sold this office to other person. The property is not registered till date so now the procedure is to cancel and return back to Builder and he will allot this property to the other person. Now he is charging from the other person total amount along with service tax again. As he is already collected service tax from me, why he is charging again from that other person.

Please guide with proper Law.

IS RCM APPLICABLE FOR THE INDIVIDUAL AND PROPRIETORSHIP FIRM????
AND IS THERE ANY LIMIT FOR BOTH CONDITION

PLEASE SUGGEST ME

Hi Everyone,

Am new to this site, can anybody tell me how to calculate tax for works contract as per the below details.

Comapany A - Service Provider ( Partnership Firm)
Company B - Service Receiver ( company)

How to raise a bill for works contract under reverse charge mechanism.

Please help me with calculations.
Basic value 100000