dear All

I want to undstand the new formula given in finance Act 200

HI Experts

One of my client is an technological based company
they sale their their products as well as provide AMC(service) to their clients

They issue different bills to their for the goods & for the AMC(SERVICE INCLUDING SERVICE TAX )they provide
but their client give them the payment in lump sum amount .
The general credit period provided by the company is 3-4 months

EXample of the Query

GOODS SOLD to A in april Rs50000
AMC Provided to A in april Rs20000


After 3-4 months A gives my client a check of some amt say Rs 65000

.....
more goods as well as services are bieng provided to A during this period of 3-4 months.

MY QUERY :- HOW TO DIFFERENTIATE THE AMOUNT RECD FROM A BETWEEN GOODS & SERVICE PROVIDED
WHAT AMOUNT OF SERVICE TAX IS BEING PAID BY A

THANKS IN ADVANCE
WAITING FOR YOUR REPLY

I am going to apply for service tax registration number. can i take single registration number for more than one service????

at what time service tax is charge 1)at the of receipt of consideration OR 2)at the time of raising of bill

I wish to know if an imported 'readymade' application software either in 'digital/non-physical' form or 'boxed' form from USA/UK, when sold in India, does 'Service Tax' need to be charged to the buyers ?

As I understand, 'Tally' is also a readymade application software and buyers of Tally are charged only VAT @ 4% and not Service Tax.

Awaiting expert opinions.

Thanks.

G. Prakash

WE ARE MANUFACTURER ,RECEIVING MATERIAL THROUGH TRANSPORTER AND WE PAYING HIRE CHARGES , IN THIS CASE WE NEED TO PAY SERVICE TAX , BECAUSE TRANSPORTER IS NOT COLLECTING SERVICE TAX FURTHER WE ARE NOT REGISTER WITH SERVICE TAX DEPT AS WE ARE NOT SERVICE PROVIDER , IF WE PAY SERVICE TAX , CAN WE CLAIM SERVICE TAX UNDER MOVAT AND FOR THIS ALSO WE NEED TO REGSITER WITH SERVICE TAX DEPT.

I just signed up for a duplex house in hyderabad. The actual cost of the house is 50Lacs (PlotCost+CostofConstruction=9,33,000+40,67,000). Now the builder is charging ServTax@4.12% on 40,67,000=1,67,560/- and VAT@4% on 42,34,560(40,67,000+1,67,560)=1,69,382. The ST+VAT component is totalling to 3,36,942/-. Is this calculation correct??

As per my understanding of ServTax according to this link http://in.rediff.com/getahead/2005/aug/03tax.htm.

The Statement:
"With effect from June 16, 2005, exemption has been provided up to 67% of the gross value of services provided by the builder. Hence, service tax would be charged on 33% of the gross value."

33%*40,67,000=13,42,110/-. So ServTax=4.12%*13,42,110=55,294/-.

1.Is the above (55,294)calculation correct?? If not
pls explain in detail.

2.ServTax is mentioned as 12.36% in all matters, then how come its being charged as 4.12%? On what basis is this figure reached?

3.Am I being charged inappropriately by the builder??

4.When I was talking to another builder he told that VAT was charged at 1% and not 4% and that too it needs to be paid at the time of registration, so he asked me to reinquire again with the builder i'm signing up wiht. This put me in a BIG DILEMMA, as to whether i'm being taken for a ride or is everything fair.

5.My builder is insisting that I pay the ST & VAT by the time of 1st installment release of the bank loan.

6.The house is still under construction (70%complete), so am I still liable to pay ST/VAT at this stage itself or can I pay after taking possession of house, alongwith registration?

Sorry if i'm asking too much, as i'm not familiar with all these terminology. Just started reading articles on these and confused, until I came across this site. I hope my clarifications are answered in best interest of me.

i have crossed limit of rs.10,00,000 this uyear if suppose i dont cross limit of Rs. 8,00,000 in the next year than shall i requried to pay service tax if i have not collected the same and am i liable to collect the same or not

Dear All

A Pvt Ltd Co. is registered under service tax. The head office of the company is in delhi.The company has unutilised cenvat credit of Rs. 10,00,000.

The company has also taken a service tax number in mumbai.and providing service, but the co. is no where registered under R.O.C
now the company wants to change its registered office from delhi to mumbai for which petition is filed in court.

So How should a company utilise its unutilised cenvat credit.

Plz state sections and rules also so that the answer can be proved
NOTE:
As per Rule 10 of cenvat credit rules,can we say THIS A MERGER?



thx.

Shweta

we r providing Business Support services .
We use transport services in providing output services(bss).And we paid service tax on behalf on transporter after taking abatement of 75 %.

My question is
1]can we take service tax credit which we paid on other input services like rent etc and can we avail abatement facility while paying the service tax on behalf of transporter.

2]Also can we take input credit of such service tax paid on GTA.