I have given my property on rent for running the same as guest house, if service tax is payable on rent?

My client is receiveng incentive from company and the same amount pass on to various agent registered under C & F agent as per instruction of principal whether service tax on incentive received applicable or not.

Dear Sir/Mam

If I purchase the Property in the Joint Name and lease the same for Commercial activity and get the Total Rent of Rs.18,00,000/-.

Total rent distributed between the two ownerss of Rs.9lacs each.

Now the qestion is, whether the Service Tax Registration is require.

what is the impact if the Contract agreement is one and of Rs.18 Lacs.


kindly advice asap.

Our organisation is having certain property rights which we have assigned to other organisation as per the agreement. It was agreed that cost of that property light electricity,etc., would be beared by other organisation. Since the property rights is in our name, bills of electricity comes in our name. We are raising debit note in the other organisation's name for the actual expenses paid towards electricity.
DO we need to charge s.tax?

Can a pure agent charge S.Tax

Hi,
We want to know whether the rental of computers on Daily/Weekly/Monthly basis attracts Service Tax/VAT or Both?.

Some people say it's applicable under KVAT (Karnataka VAT) as the VAT is applicable on transfer of right to use of goods - some one told us there was also a court ruling in the favor of KVAT act from High Court b/w VAT comissioner and ISRO & Some say it comes under Service tax.

Please clarify which is the correct tax applicable & their reference if any.

Thank and Regards

Dear sir
i)My co.being a principal contractor has placed PO for Rs.10 crores on a subcontractor for carrying out civil and fabrication works

ii)The price of Rs.10 crore includes service tax

iii)The subcontractor has submitted his certified bills for the service components of civil and fab work and my co. has paid the bills without asking for service tax components which is inclusive in the agreed rate

iv)The subcontractor has furnished the srvice tax regn. no. in his bills

v)Has my co. violates any Service tax rules regarding service tax payments to the subcontractor without asking for detailed break up of service tax components being a principal employer.

vi)What is the procedure to be followed by the co.regarding service tax payments in such cases of all inclusive rate.

Thanx and regards
S.K.Majumdar
Asst.Manager
Internal Audit

i m an accountant in a shipping pvt. ltd. company and i m filling anual return of service tax but at present our all directors are out of station and they will come after 10-15 days and i need their sign . on return then what is the other way because we have also no any authoirised signatory except them(md and director)

ONE OF OUR CLIENT IS WATER SUPPLIER CAN THEY CHARGES SERVICE TAX ON WATER TANKER SUPPLIED BY THEM ?????

Dear all member

can u please give me advise regarding we have all ready interest pay(section 68) on delay payment of service tax. so why we have pay penalty(section 76 finance act)..example below

We fails to pay service tax of Rs. 20,00,000/-. Due Date of payment was 5th January. Actual Payment is made on 20th January. What would be the amount of Penalty u/s 76? Solution : The default has continued for 15 days. 2% of the Service Tax for days for which default is continued = 2% x 20,00,000 x 15/31= Rs. 19,355/- (A) Penalty calculated @ Rs. 200 per day for 15 days =Rs. 3,000/- (B) Penalty to be paid : (A) or (B) whichever is higher, i.e. Rs. 19,355/.and interest is 2000000*15d*12%/365=9863 this will be also paid...

please replay as early as possible