Dear Sir,

A Manufactur is Regesterd under SalesTax,Vat,ServiceTax.he Has purchased a machinery on which he has paid Excise Duty asy 209000.00 and CST with C Form 49000.00.He is not regestered under Excise.Can he Take Setoff of Excise Duty against Service Tax & What treatment should be given to CST with C Form.I Have Ledger Ac:
Machinery 2090000.00 Dr ( Fix Aset)
Excise Duty 209000.00Dr (Current Aset)
CST C Form 49000.00 Dr (unknown)
Party Cr 2348000 cr (Creditors)
is the entry right

Regards

Dear All,

Request you to let me kow how long we can take credit of service tax un utilized in our books from previous yers.

We provide scientific consultancy services at Hyderabad. we provide maps using satellite data after necessary image analysis using our technical domain knowledge.

Our input is satellite data purchased from ISRO, Government of India and output is maps derived from satellite data and a report containing details of analysis.

Is VAT applicable to us? If so at what rate?

Is Service Tax applicable to us? If so at what rate?

How to segregate the contract value for VAT and Service Tax purposes?

If compound rate of service tax on total gross value is opted, does it mean 4%VAT + 4% Service tax on gross value?

e.g. if input satellite data cost is Rs.2,00,000 and total contract value is Rs. 3,50,000 what are the options available.

Based on the reply from Mr. Ramesh Krishnan, shall we charge VAT on the input material i.e. 2,00,000 in the above example and service tax on the balance amount i,e, Rs. 1,50,000?

What is the VAT rate applicable in Andhra Pradesh for this job? Please clarify as we are thoroghly confused.

what is threshold limit for registration under service tax from f.y. 2005 to 2011.

i hv file declation form for my company as it alrady registerd with service tax departement and they send me link which contain login id and password but when i m trying to login with that id and passwork in screen they show messeage that "the user is not valid for Migrated User". So plz help me what is solution for registration

Dear all,

Suppose a company by mistake pays an service tax on bill of contractor who is actually exempted from service tax as his limit of turnover doesnot crosses Rs.10.00 lakhs,in such a case if that contractor utilises the money for him self but does not deposits into govt.treasury what will be the consequences on contractors and company.

Regards.

Rajesh K

do we require tan no for getting service tax no.what is the process? how much time does it take?

I have paid service tax to bank for discounting letter of Credit and i Have claimed the same amount against excise duty payable..The department has refused to admit the claim on the basis that it is not input service tax.. plz help me

Hello,
Expert
Please guide me on option available for calculating service tax liability for construction of residential complex including composite scheme as per latest amendment.

Thanks in advance

Awaiting for your valued opinion.

We are in a transport business. We are giving services in Maharashtra. We having Service Tax Number. we charged 10.3% s tax on all bills of our custmers but failed to pay service tax amt to govt. Now we wish to pay all s tax amt in one time. How much penalty & interest will be charged by s tax dept.? Rs. 257500/- (approx) s tax deducted by customers.