This Query has 2 replies
Dear Sir,
We one running a Charitable Trust. It is registered u/s 12A of the IT Act 1961. Trust income is utilised for the Charitable causes and object of the Trust. No exemption u/s 80G. This year, in March 2016 the rental income from the Commercial properties comes to Rs.10,41,000/-. It is crosses Rs.10 lakh, the threshold exemption limit of Service Tax. Trust has paid property tax for the commercial properties around Rs.57,500/-. If the said municipal tax Rs.57,600/- is deducted the net rent amount comes (10,41,000 - 57,600) Rs.9,56,400/- (i.e) below Rs.10 lakh. So please give us your guidance for the following:
(i) Shall the Service Tax Registration be done for our Trust in March 2016?
(ii) After deduction of property tax the threshold limit comes below 10 lakh. In such circumstances, shall service Tax Registration be done?.
(iii) The Trust has property income on 8.70 lakh in last year 2014-15.
so please advise.
Thanks & Regards,
C. DURAIRAJ
Karaikudi
This Query has 1 replies
Ours is an Educational Institution having huge Campus. Recently, we have engaged a Civil Contractor to execute certain civil construction job inside the campus- contarct value more than Rs. 10.00 Lakh. My query:
1. Whether we are liable to pay service tax under Reverse Charge Mechanism.
2. If yes, how much?
3. Can the Civil Contractor compel us to pay Service Tax
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sir, what will be service tax charge on advertisement.
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What is the simple way to calculate service tax wrongly charged. Initially bookings were made at different amount and now they are rectified due to which service tax already paid is changed..kindly suggest
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wthether cenvat credit available in payment of service tax in reverse charge , (chalan paid by service receipt)
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Hi
One of my client is contractor & import marbles from foreign. He had paid CVD on valuation of goods to Custom. He also providing man power to the firms on which charging service tax.
Can he avail input credit of CVD in Service Tax Return against work contract service or man power proving service.
Thanks
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Hi
One of my client import paper from Germany. He has to pay CVD (Countervailing Duty) with BCD. He also providing Job Work from the same firm. Can we utilize CVD as input credit in Service Tax Return for Job Work.
Thanks
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dear all, my client is doctor having receipts of more than 9 lakhs. Is this case falls under the ambit of service tax. If yes, what rate is applicable to him.
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Service recipient is a company which is dealer in cars. He's offering extended warranty to customers at Rs 4999. He outsourced the service to a Warranty dealer who charged 3960 including full service tax. Now the service receiver is paying tax on Margin of Ext Warranty i.e, on 1040. So can it claim input tax? My doubt is output was not calculated on 4999 but on 1040.
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At present One Employees on our salary roll and salary expenses reimbursement of A Company. We have issue Debit Note along with Service tax on Salary Amount.
Now A company ask Pl. clarify in relation to Service Tax.
I, therefore request you any reimbursement ( Other Than Gov) cover under Service Tax or Not. If yes Pl. provide details like Notification etc
Thanks & Regards
L.D.Dharmadhikari
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Renting of immovable property services