PLEASE CLARIFY MY FRIEND DOUBT
I purchased a new car and got it registered on my wife name.

My wife is working as LIC agent from 1year and her income is around Rs.40, 000/- per year.

I want the car to give it on lease to my company (where I work).

My doubts

1) Giving car on lease - does this attracts service tax?
2) Is there any thing like PAN number for Service Tax filing? If yes, what is the process to get that number?
3) Is there any basic limit below to which, no service tax need to be paid?
4) Assuming the car lease is Rs.12, 000/- per month, the income is Rs.1, 44,000/- per year.
Does she need to pay any service tax to government?
5) is it sufficient if my wife files IT returns showing the income as LIC agent + car lease? (without any service tax payment)


Thanks in Advance

A private society is providing following facilities to its members on collective basis
24 hour security guard
Sweeper for society premises
Lighting for society- lawns roads etc.
Free membership of gym. Maintained by the society
24 hour power back up by using diesel gensets

While first 4 services are collectively charged @ Rs. 2750 per month per member ,
for power back up members are charged @ Rs. 40per month for each electricity
point used by member regardless of diesel consumed by society.. What is the
service tax chargeable from each member. .Shall the calculation change if society charges rs. 3500 per month per member instead of rs. 2750. Please also refer relevant section/notification

What will be the exemption limit for the company where the company is having branches and the branches has diffrent service tax registration number.
whether the exemption limit is available to each branches apart from company or the exemption limit is applicable to company as a whole.

Company entered in to a contract with a caterer for supply of food in the factory.

All kichen equipment, Gas, electricity and labour for cleaning are provided by the company.

Company recovers food cost from the employees throgh salary deduction.

Canteen contractor gives bill, charging service tax on entire bill, to the company at the month end which is paid by the company.

whether we can take the service tax credit so charged by the canteen contractor?

If the company provides canteen at free of cost to its employees, then r v eligible for credit.

My company is a service providing company. Last financial year we have taken unsecured loan from our client for rs. 5.25 lacs on 01.01.2008 and return it to client on 25.05.2008(in current financial year). Can we take unsecured loan from our client. Although we have taken loan letter from the client with ward circle along with PAN. If any liability or rules violation please provide me necessary details.

regards,
lalit

We are a registered unit under Service Tax. Last year our turnover was Rs. 5 lacs and we had collected the tax on this amount and paid accordingly. Current year till date our T.O.have crossed Rs. 4 Lacs and we have already collected the service tax and taking input credit and not paying the service tax which collected. It is 100% sure that our T.O. wil not cross Rs. 10Lacs Limit during the full year.
Is it OK according the law? Pls confirm and thanks in advance.

One of my clients are the service providers of Taxable and Exempt Services and seperate books of accounts are not maintained. To claim Cenvat on account of Input Services we have to follow sub-rule 6(3) and 6(3A). Some of the Input Services are common to both type of services while some are exclusively utilised for taxable or exempt services.

How the cenvat should be claimed in viw of the facts and the legal position?

How the option out of the two alternatives given in sub-rule 6(3) is exercisable?

How the Cenvat Register is to be maintained? Whether it should be Service wise?

Whether any intimation is to be given to the department for the option to be exercised?

Whether CENVAT credit is available for service tax in respect of services such as auditing, financing, etc.

A foreign National holding PIO card in India and would like to work as a marketing consultant. Can he get himself as consultant in India and chanrge and pay service tax.

if yes what paper work is required.


please advise

A foreign National holding PIO card in India and would like to work as a marketing consultant. Can he get himself as consultant in India and chanrge and pay service tax


please advise