We are a trader of hardware & networking equipments. My vendor called ingram micro is a Software Seller (microsoft partner), We buy the software to sell to our enduser customer, now the suppliers started charging service tax as well as vat both on same items? like:

cost Price = 100
Service tax @12.36%
on 100 = 12.36
Vat on 100 @4% = 4
Bill Amount(100+12.36+4)= 116.36

What are the accounting treatment? How should we charge our customers? How and in which return ( service tax ot vat) we can show Rs. 100(basic amount)?

Please reply with example of accounting treatment.

Thanks

Hi,

I m Alpesh shah wroking with the MNC Company as a Sr. Account Executive.
My query is should i take the credit, when any bills produce the branch towards service received at their location.They don't take any serive tax credit all accouting done at HO Leval.Further Bill came in Branch name.

pl let me know that, if a company pay commssion on financial service & deduct tds.
Payee has to deposit a service tax on net received amount or gross amount ( including TDS)

please can anybody define me good transport agency(GTA)

MEANS HE SHOULD OWN THE VEHICLES AND HOW SHOULD THESE AGENCE SHOULD BE INCORPORATED,

REGARDS

SIMA

Dear

In current year my party raised invoice to me for year 2004.(in 2004 party raised short invoice to me)
If i paid this invoice this year can i get service tax setoff this year.
Please clarify

Thanks

Nilesh

if this is within 3 years than

we are a manufacturing concern and carriage in bills are not raised by any transport agency,but we have hired some individuals who takes the responsibility for despartching the goods to our place who in turn get commission for the service rendered plus the carriage charges.

my question is no consinement note on us is raised so weather we are liablr to pay service tax on GTA in this case


plz reply soon

hi,
is we r the manufacturer of excisable goods and we are registered also for service tax as some time we provide the services of repairing also. now in last year we haven't provided such kind of service. Now can we take the service tax set off against the excise duty payalbe. One more thing tht for taking service tax set off submission of the same is required every month with service tax authority.

can any one tell me the new rate of tds on rent(94i)
i cant understand the circular issued in may..
thanks in advance

If Foreign Professionl provides service to our Foreign Branch. Are v liable to pay Service tax and what if service provided in India?

If we organise any charitable event or function where we take donations from corporate houses and even the donations shall be used for charitable purposes itself, then what are the liabilities towards payment of service tax in that case.
1. Should we pay service tax as a whole?
2. service tax to be paid for performances and all.
3. any other liability towrds service tax?

please do me this favour.