co-operative society(bank)is a body corporate and as per Sec. 2(7) of companies Act, a co-operative society is out of definition of body corporate and therefore, Is the co-operative society not exempted from service tax so far as banking services are concerned by exclusion through definition.

The Company X given contruct for construction of residential complex to contractor i.e. Y. The contractor is charging service tax in accordance with Works contract service. The Company X is happy with performance of contractor Y and paid a sum in the form of bonus/exgratia. Whether this bonus/exgratia will cover under service tax or not ?

Dear All,

As i am running business of Contractor registered with Indian Oil Corp. Ltd (public sector/govt. undertaking) which includes activities like const. / repair of roads, ecectrical pannels/cables, tank installation, Fabrication, building etc (all the work at petrol pumps). I am paying VAT 4% which is deducted at source & TDS. All the rates of IOCL is inclusive of all taxes.

Plz let me know is the service tax applicable on us & if yes how much & from which date.

plz let out a easy way as we have very little profits in our business.

my service provider charge the service tax for full amount of bill, but as per govt. dicesion there are difference in the rate of gas. they refund me difference of rate amount but they not give me refund of service tax amount. they told me to take refund service tax from service tax dept. can i get refund of service tax? if not then what remedy for me to recovery of excess service tax

plz send me reply as earlier as

While working with client, I came a across one practical situation of service tax liability on reimbursement. Please suggest a correct answer to decide in below situation.

Situation:

X a company engaged in retailing business. X purchases apparels of different brands from several vendors for selling it out in its store. For that, X have an agreement with all vendors to retain the margin on selling amount to be paid to them (It seems like consignment sales, but it is a regular purchases and not on consignment). As per the agreement all vendors should send their own staff to sell their product in counter. If in case, vendor fails to give staff to sell the product in counter, X should depute its own staff and vendor should reimburse the cost of this staff. X deputed few staffs and charging to vendor for the cost of these staff (only the amount paid to staff). Should X liable to collect and pay the service tax on this? If X is not a specific service provider in man power recruitment and supply, is it makes any difference (X has not registered for this services)?


Please any one give me correct answar, either case it will be,but with case law if it avilable.


Thanks & Regards,
Gopal Gaonkar

We take contract work from railways which involves changing rails, sleepers e.t.c. and do not involve any purchase/sale of material.
We heard that under works contract, and service provided to railway, it is exempted under the service tax.
I want to know the exact section under which it is mentioned, it would be very kind of you if you can send me the website link of the same in the central excise website.

Dear All,

What are the taxes and duties applicable on RMC (Ready Mix Concrete?

Present our RMC supplier charging state VAT in his bill. We asked him to install plant at our construction site and then we will buy and supply all material needed for concrete mix to him and we will pay service charges to him along with service tax applicable.

My question is my approach is correct? As State VAT exemption is there for our plant, no input tax for us. In this situation how can we avoid state sales tax? Can we go for service contract with him?

Please give your valuable suggestion?

Thanking you,
Swamy.K

I had a query If a Foreign Company recieves a contract of Overhauling of machinery from Indian Company( Say A ) and the the Foreign Company outsource that contract to the another Indian Company ( say B ). My query is that when the Indian Company ( B ) will raise the invoice to Foreign Company, Will it be treated as Export of Service and accordingly whether we need to charge the service tax.

I would like to know whether this exemption is available every year. or having paid the tax in a year, has one to continue paying service tax next year even when the turnover does not exceed Rs.10 lakhs

a company, service provider, can take cenvat credit in service tax from fixed asset bill like software, computer equipments etc..