I am doing audit of pvt limited company who is engaged in the business of travel agency.My query is "company incurred Visa fees and paid to the respective consulate but company is receiving much higher amount from its client and paid service tax on the receiving amount.
For example actual visa fees is 2800 but it is receiving 3500 from its clients.Company remit 2800 to the consulate and retained 700(3500-2800).So service on which amount 3500 or 2800? my first question
Is it not a case of pure agent??
If not then Service tax should be on 3500 ,according to my view.
But i am confused by seeing the company's accounting.
Here is the company accouning:
Xyz (client)A/c DR 3500
Visa processing Dr 2800
To Consulate 2800 CR 2800
Visa processing fees CR 3409
Service tax on visa processing Cr 91
But according to me this is quite wrong.Help me to find out right accounting.ASAP

Why rice is not an agricultural produce?

deposit in the nature of colorable device means

Dear All,
Pls let me know ST applicability on catering services. Any abatement?

Regds
Mohit Chahar

i have still not received ST 2 online even after filing ST 1 , 5-6 days back , what should i do ???

Dear All,
I have query on Service Tax Matter.
One of my client has not paid any service tax for FY 14-15 to 15-16.
and one of his customer is demanding the service tax amount returned from him.
The query is whether service tax amount returned to customer is still required to be paid to government.

a service provider having st registration is doing job work as providing some service to a manufacturing unit having c ex registration .now who have the liability of service tax and how much.

Dear Sir,

We are resellers of Microsoft Software (E-Licenses). We are billed by the distributor and further we bill to the customer. Distributor charge us ST and VAT both on the software as it is service and product both. We have checked it is the same way in other part of the country. however once of our client has marked a mail mentioning that

"Under Section 93 of the finance Act,1994,so much of the value is exempt from taxable service
As is equal to the value of goods and materials sold by the service provider.
(Notification no.12/2003 ST dtd.20/06/2003 effective from 01/07/2003.

If service tax is not leviable,then as per Notification no.12/2008 CE dtd.01/03/2008 read with notification no.
49/2006-CE dtd.30/12/2006 Excise duty at the rate of 12% is applicable on off the shelf software under tariff heading 8523.

As S4U does not have excisable turnover so the excise duty is also not applicable."

Please suggest need your help

Good Morning to all,
will any one tell us what would be the procedure or applicability of service tax on DOCTORS followed?

Dear Expert,

I am a Director of the Pvt Ltd Co which is a service tax assessee as contractor. I have given my property on rent to the company @ 1.44 lakhs per annum. i.e 12,000 per month which is located at the site 500 km away from my residence.

Service tax is not applicable on me as total rent is not exceeding 10 Lakhs.

1. Is company liable to pay service tax under RCM if the it is used as site office of the company?
2. Does it affect if the said premises is residential and is used for accommodation of the employees and directors when they visit the site.?