Actually we are transporter and working only for companies. But in few case after supply of material to the party godowns , on returning our truck is hired by misc transporter on its GR.
He pay us a fixed amount for the trip for the truck.
Now we wish to know,
1. is there any service tax liability will arise on it on us and
2. In which head income to be shown.

Kindly advise.

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.