Our firm is in the business of construction of residential flats.
Vat and service tax is collected from customers extra.

How to account vat and service tax on sale?

Now service tax is on billing basis.

Whether at the time of sale service tax and vat is accounted or when the vat and service tax is collected from customer?

If you have any format of sale bill plz forward me.

Whether service tax in applicable on allocation of expenses incurred on behalf of any of the group entity, even when it is on back to back basis?
If yes, then interest cost allocated, depreciation allocated would be chargeable to service tax under which category?

Dear Sir

is service tax is leviable on travelling expenses incurred on carrying out audit of banks( statutory audit of banks) as well as carrying out audits in general.( reimbursement of travelling expenses.)

Sir,

My friend is doing the contract work of BSNL which includes maintenance of building electrical i.e. AC's, Generator and all other electrical components not computers. I want to know that whether Service Tax will be applicable on his work. If yes, on which part of work and at what rate.
Please reply.

Dear All,

There is query relating to service tax Inpu credit:We are having Factory in Orissa & Andhra pradesh,& branch office In Corp off in other State,my question is Branch office & corp off we can take Service tax credit or Not?pls send us the reply with sevice tax section.


Thanks In advance
Regards
Mangeshb Guptha

Sir,

I am running UNINOR Store, GSM Service provider (Direct Channel Partner) in West Bengal.
Last fiscal (2010 – 2011) the company reimbursed me with nearly Rs. 68000/- Service Tax amount.

Yesterday, I had gone to the Service Tax Deptt. to meet the concerned Officer of our area to clear off certain queries regarding Non Payment of Service Tax in the current Fiscal i.e., 2011 – 2012 as this year my volume of Business with company will not be more that 6lacs.

The Officer said that since you are dealing directly with a Branded Company & getting Commission on dealings, YOU HAVE TO PAY & are bound to pay the Service Tax.

(1) As per the version of the Officer am I liable to pay the Service Tax, be it on 1lacs or 8lacs, though I’m much below the Exemption limit of 10 lacs. (under Business Auxillary Services).

If this is the case under what Section of Service tax Act is he saying this ??

(2) Suppose I do not ask the company to pay Service tax reimbursement i.e., neither I ask the company to reimburse the Service tax amount to me nor I pay the same with the Service tax Deptt. In that
case what will happen???

(3) Will I be accountable to Penalty under Service tax act in the above case?


Plz. Guide me on the issue.

Thanks.

Sushil Gupta

Sir,
I am ruuning UNINOR Store, GSM Service provider (Direct Channel Partner)in West Bengal. Last fiscal the company reimbursed me with 68000/- Service Tax amount.

Yesterday, I had gone to the Service Tax Deptt.to meet the concerned Officer of our area to clear off certain querries.

(1) Since last fiscal my Service Tax Aggregated to an ammount much below the stipulated eligibility value of 10 lacs as per the Service Tax Act & the budget passed this year, I wish not to pay the service Tax in the current fiscal 2011 - 12.
The Officer said that since you are dealing directly with a branded Company & geting Commission on dealings, YOU HAVE TO PAY & are bound to pay the Service Tax.
Sir, I very well know that I would not be able to cross the 10lac annual figure, so Sir under what section/ sub section & law under Service tax act is he (Service tax Officer) saying this.
Further Sir, If I do not pay the service Tax & neither do I claim the same from the company what will happen ?

(2) Will I be accountable to Penalty under Service tax act in the above case?

3)Can I surrender the Service tax certificate & still run the business & apply for the same in future when I find that my busineess Volume (commission) gets over 10lacs.

Please guide me on the above issue.

Regards.

xyz

Hi,

I have one query related to Service tax payment and cenvat credit is as follow :-

I am working in an advertising company, which normally pay and receive amount in advance to channels and clients respectively. And we use to pay service tax on the basis of receipt and payment. But due to change in service tax rule, now we have to pay service tax on the billing basis.
The main question is that we have paid service tax for the quarter ending March-11 on the basis of receipt and payment, in which we have take the advance received and paid for the month of April-11.

And now as per new ruling we have to pay service tax on the billing basis from Apr-11. So by going on this ruling, The advance received in march for April are being taxed twice, one we have paid as per receipt/ payment in march-11 and other in Apr-11 on the basis of Billing.

So can any one help on this issue ? Is there any notification under which we can save this double taxation???

A company have excess service tax receivable then service tax payable my question s cenvat credit entry made either every month r at the date of half yearly return?

My client has taken a logistics c & f agency of a battery company to transport batteries from the factory to the shops (within India).

Should he register for service tax? If so, can he register even if the turnover is below 10 lacs?