Whether service tax is applicable on signing fees recd. from the customer(Debtors). Whether we had to pay a service tax or utilised the credit of the service tax levied on the signing fees.

Hi..I had charged service tax on my invoices last year and paid the returns accordingly. But the fact was that was wrongly done as my services fall in the category of exemption below 10 lakhs.
This year too I have charged tax on an invoice and paid it to the tax department.

Now, I want to surrender my registration as I fall within the exemption limit and hereby don't want to charge service tax on my invoices.

It is possible for me to do so ?

Dear Sir,

We are paying service tax under reverse charge mechanism. Generally GTA doesnt charge service tax in their invoice. We pay to them their fee and deposits service tax @ 3.09%

We have received one invoice in which service tax is charged by GTA in their invoice.
Invoice is as follows.

Fee = Rs 1000.00
Service Tax @ 3.09% = Rs 30.90
Total = Rs. 1030.90

We have paid them Rs. 1030.90.

Do we have liability to pay service tax under reverse charge even we have paid to GTA.?

Dear All,
Please help ::
I just receive a 1st bill of labour contractor of Rs 100000.00 for M/o April 13.

Following point is to be noted:


1. His labour is getting wages from company as casual worker and company deduct and deposte PF and ESI upto it.

2. Contractor is Permanent employee of company and getting salary via Bank Tarnsfer.

3. He does'nt charge any service tax on it as its an individual hence Service tax reversal charges is applicable upto it.

4. Now I want to know any other liablity upon Bill and any rule that an employee is able / not able to provide labour to its company???

My contact NO is 09654605754.
Please discuss if you still have any doubt or provide your number so can i call you. upon it.

Dear Sir,

Under Reverse charge system, if company pay service tax to transporter(not to govt.) and later transporter deposit service tax to govt.

so can we shift our service tax liability to Transporter as per above manner?????

Thanking you,

Dear Sir,

Under reverse charge system where service receiver is liable to pay service tax can take exemption of 750/1500.

in short Exemption of 750/1500 is also available under reverse charge sysytm???

Thanking you,

Sir
My client is Private Ltd Company and the contractor is an individual .Now the Company propose to construct a gowdown .
1. Our works contract is for an ORIGINAL WORK of construting a Godown.

2. Since the value of the materials used for the construction will not be completely identifiable with reference to the bills, immediately, at every stage when the contractor submits his bill, we hope to follow the COMPOSITE system of payment.

3. Under the above, 40 % of the total value of contract - i.e. in our case, 40 % of each stage bill into 12.36 % - to be shared at 50 % by the Receipient and 50 % by Provider.

Kindly confirm the above is in order for the Companyto advise the contractor and get his concurrence before starting deduction and remittance.

Thanks & Rgds

A newly co. registered with S.Tax dept. and applied for amendment in registration cert.(ie. ST-1 amended and submitted online) but required docs and acknowledgment could not submit within 30 days.
What are the consequences and whether late submission will be accepted? Please suggest!

Dear Sir,
A partnership firm engaged in business of Bricks manufacturing. And the annual turnover would be around 60 lacs.

Suppose above said firm pays professional fee to lawyer. Then whether the firm is liable to obtain service tax registration as service recipient and pay service tax under reverse charge mechanism as a business entity?

Please clarify.

Dear Experts,

A registered Pvt Ltd. Company is engaged in Paper Trading.

Company is paying GTA / service tax on incoming consingments . Total incoming freight amount annually is

Total Annual Freight Rs 12.00 lacs
Less : 75% Abatment Rs 9.00 Lacs
Balance Rs 3.00 Lacs

Service Tax Liability @ 12.36% is Rs 37,080/= annually.

My question is as after deduction of abetment, service tax is applicable only on Rs 3.00 lacs which is very less than TRASH HOLD LIMIT of Rs 10.00 lacs !

Is said TRASH HOLD limit of Rs 10.00 lacs per annum is applicable to GTA Payments ?

Please guide me with quoting notifications / circulars etc.

Regards