If we receive an extra amount due to foreign exchange variation, then whether service tax is payable on that extra amount received on account of fluctuation ? Similarly, for amount short received due to foreifn exchange variation ??
If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?
Please reply.
Dear Sir
I am filling ST-3 return for Tour Operator company which claims abatement of 75% and 60% according to service tax notification 26/2012
It means the tax rate is 3.09 and 4.95 so service tax is 3% and 4.80%.
But after e filling the return it got rejected error was that the service tax rate 3% and 4.80% is not valid for Tour Operator.
So Pls tell me how to fill the return and previously it have been accepted but for Oct12 to March-13 got rejected....
A whole time director holds shares in the company and remuneration is being paid to him/her. Is company liable for sevice tax in regard as some views saysthat he is owner of the company too and does not hold employee relation with the company.
Answer now
I was filed Service tax return for period Oct 12 to March 13 & It was rejected due to Advalorem Rate(point no. B1.15)So my question is that:
1.what is rate of work contract? (i was taken rate @4.944% still it was rejected)
2.How much amount to be taken in Service tax payable Under RCM (Point B1.6),100% or 50% of gross value of service provided.
I was liable to pay service tax for FY 10-11 and 11-12 as my service provided exceeded Rs.10 lakhs but did not collect from client and also did not register,
My query is if i go under VCES scheme will i have to pay penalty for non registration under service tax.
Dear All,
We received a bill of trasportation by road (outward) with waiting charges but it is mention seperatly in bill. Shall we pay Service Tax credit on waiting charges.
Please help me for this & provide the notification or any details for the above subject.
Dear Sir/Madam,
I am starting a lodge business in hyderabad that provides only accomodation service. I am planning to put the following tariff i.e.
_______TYPE : PAX : NON AC : AC
SINGLE ROOM : 1 : 500 : 800
DOUBLE ROOM : 2 : 700 : 1000
MEGA FAMILY : 4 : 1200 : 1800
TOURIST ROOM: 5 : 1500 : 2100
The above rates are for per day tariff.
I have come to know that rooms above rs.1000/- per day comes under service tax . But is it rs.1000/- per day per person .... or just rs.1000/- per day. As you can see my per day per person tariff does not exceed 800/- . Kindly give me clarification regarding this.
Another query is about 10 lakh exemption of service tax. In this 10 lakh turnover to claim exemption, Is it 10lac turnover for only rs1000/- or above tariff rooms or should it include all the tariffs, i.e. rs.500/- , rs.700/-, rs.800/-.
Kindly give me a detailed clarification of service tax applicability of only hotel acomodation service. It would be a great help of you...
An individual providing service of renting of imovable property from more than one property to commircial industry. and gross receipt is more than 9 lacs. weather he is libale to get registration or not. if he is liable to get registration then at which amount he is liable to pay service tax.
Answer nowSir, My one clients have three beauty parlor and spa saloon and registered with ACES but only for one premises so other two saloon customer told that they will not pay St amount as this premises not registered so what is the procedure to getting other two premises address on ST2.
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Exchange fluctutation gain or loss are liable to service tax