IF
SBC OUTPUT -0.5% -2000
(-)SBC INPUT - 0.5% -1000 (CENVAT)
BALANCE PAYABLE - 1000
IS IT CORRECT ENETRY? LET ME KNOW.

IF
SBC OUTPUT -0.5% -2000
(-)SBC INPUT - 0.5% -1000 (CENVAT)
BALANCE PAYABLE - 1000
IS IT CORRECT ENETRY? LET ME KNOW.

Hi,
When we collect & receive the SBC - where it classify? under indirect exp. or it's duties & taxes. Please let me know.

I am a works contractor. My turnover is Rs. 2 crores in FY 2012-13. Out of my turnover Rs. 706500 is supply of tangible goods which is taxable and balance amount is received from construction of road which is exempted under service tax sl no. 13 of notification no. 25/2012.Here my question is whether I can avail exempted limit 10 lacs or not

Dear Sir,
I have following queries
1. What is rate of interest applicable on delay of service tax.
2. This is the first financial year when turn over would cross the limit of 50 lacs, then interest would calculated on monthly basis or it would be calculated on quarterly basis.

Please advise me, its urgent.

We are paying service tax on advance receipt also.at the time of passing entry itself we are booking service tax as input credit. Suppose that customer is rendering the services on next financial year means that input credit will be able to claim in current financial year or next financial year?

Dear Experts
A real estate company is charging ST on 25% value of land & construction of flat however the other charge is as below under.

(1) PLC charges
(2) covered parking charges
(3)EDC (external development charges)
(4) IDC (internal development charges)
(5) one time power backup charges,

Query.. i have stated 5 point above plzz clarify weather ST is applicable on all above 5 point or not if yes how much plzz solve it one by one..

Thanx & Regard
Pankaj Gupta

Hello,

I have provided services of Rs. 16,00,000/- out of which Rs. 10,00,000/- is covered under reverse charge mechanism (100% payable by service receiver). Whether I am required to obtain service tax registration and also payment of service tax on balance Rs. 600,000/- ?

Thanking You.

My question is that my Firm is dealing in sales & Registered in sales Tax department my question is that if my firm taken services from advocate then i have to pay service tax under RCM because i am not providing services and making sales only.

Dear sir,
here i am sharing my query..
In AY 2006-07 we have not collected any service tax amount and we dont have any Service tax registration number for that year.
But in AY 2008-09 we got service tax registration number and we are going to pay and file the service tax returns,
But my doubt is late fee is applicable under section 70 when delay in filing the returns if we paid penalty to obtain registration number under section 77.

both we have to pay or not.
Please send me any case laws.

Regards
Article Assistant.