Dear Sir,
Kindly clarify whether the service tax applicable for the following case or not?
Mr. A & Mr. B are purchased a vacant site jointly (50% each) and they entered into an agreement for construction of commercial building with Mr. C and D. The agreement conditions are : 1. The land lords (i.e. Mr. A & B) holds the constructed property 50% on total constructed area by C & D.
2. The remaining 50 % shall goes to the builders' share and accordingly Mr C & D holds the share @ 50%
Now the four members are agreed to let out the property to xyz co., on a monthly rent of Rs. 4,00,000/- (Total per annum Rs. 48,00,000/-). Now let me know the service tax implication.
regards
Kotes

Dear Expert,

how much we charge service tax on site work (labour).

pls let me know asap, pls share notification also

Sir
I am running a coaching institute at Imphal
As advice bu the Central Excise Dept. I got registration of service tax in the year 2012
But as my annual collection of fee is less than Rs. 10 Lakh I only file return and not pay any tax till date.
But this year my annual collection may be about Rs.13 to 13.5 Lakh.
My question is total collected annual fee are my gross income?
Whether I have to deduct the expenditure, teacher's salary and advertisement cost?
Whether I have to calculate tax for whole amount or the amount above threshold limit?

Lastly Please Calculate my service Tax for my following income below:
Total collected fee Rs. 13,50,000/-
Teachers pay Rs. 4,50,000/-
Advertisement cost Rs. 2,90,000/-
Staff salary Rs. 2,20,000/-
Misc. (electricity,tetephone, paper, conumable item) Rs. 1,85,000/-
Total remaining is Rs. 3,05,000/-

Thanking you and waiting for your valuable responds.

HK
Admin

Dear Experts,

We have service provider. still we have 5 Lacs income not crossed 10 Lacs income but we have registered our self in service tax department. Now, the question whether we have required to pay service tax and file service tax return. Please advice.

Thanks

Assessee is into the business of fabrication on contract basis, all the material(iron sheets) is supplied by the contractee. The assesse cuts the sheets in the sizes as per specification of the contractor and supply it to contractor.
Whether the same is liable to service tax or excise or will be treated as works contract?
If service tax, under which head?

Can we make a TDS on SBC part of S Tax

Dear All,

Recently we have received our first MEIS scrip from the authority .

I understand that this scrip can be used only against the Excise duty payable on domestic procurement , Customs Duty & Service Tax.

Please confirm that this scrip can not be used against excise duty payable on the sale of goods.

Can we sale the scrip ?

Further , if we use it against payment of service tax what shall be the procedure for the validation of scrip.

If we settle the service tax liability against the scrip can we take CENVAT credit for the said service tax paid through scrip.

Please reply.

Regards,

Dear Sir,

A Contractor is doing some fabrication works like Handrail, Gate etc.in a Residential Complex.
Under which head he has to take Service Tax Regn? He is doing labour contract works and works contract.

As per my knowledge, Labour Contract should be under "Erection, Commissioning and Installation Service" , and Works Contract under "Works Contract Service".

But I'am confused with the definition of 'Construction of Complex', in which all finishing works also will be included under this head.

(i) “Construction of Complex” means —
(a) construction of a new residential complex or a part thereof; or
(b) completion and finishing services in relation to residential complex such as glazing, plastering, painting, floor and wall tiling, wall covering and wall papering, wood and metal joinery and carpentry, fencing and railing, construction of swimming pools, acoustic applications or fittings and other similar services; or
(c) repair, alteration, renovation or restoration of, or similar services in relation to, residential complex;
(Section 65(30a) of the Finance Act, 1994)


Please reply

I request the learned and experienced to please clarify on the following:

An Indian Company (registered under Central Excise & Service Tax and having its office only in India) markets for the sale of products of a Foreign Company since April 2013.

The Foreign Company directly receives orders from the end customers in India.

This foreign Co. has no establishment / offices in India.

The Foreign Co. supplies the instruments to their end customer and requests the Indian Company to complete the installation and commissioning of their instruments (exported by the foreign Co. to India) at their end customers site in India. The foreign Co. pays the Indian Company in convertible foreign exchange for the Technical Services / Business Auxiliary Services.

Please clarify the following with corresponding rules and case laws, if any:

a. Can this be classified as Export of Service and hence Service Tax is not applicable.
b. If we are we Liable to pay Service Tax, can we claim credit of the same?

Regards,
Harish

Dear Sir,
Please enlighten me about the circular for the annual return of service tax.

Thanks in advance.