We are working as an Air Travel Agent and providing insurance services to our clients for travel purpose. We are billing exact amount to the client as received from insurance company.Kindly tell me whether we can claim the benefit of cenvat credit of service tax paid to insurance company. We are not charging any mark up on insurance while billing to the client.

I want to know that is there date extension for the payment of service tax for the month of September 2014.pls reply urgently.

Dear Experts,

Please clarify this,

Capital Goods Value - 39970
BCD - 3997
CVD - 4432
Edu Cess - 169
Shu Edu Cess - 84
Addl Duty - 1946

Cenvat Claim = BCD+CVD+E Cess+S E Cess
= 8682
1/2 1st year = 4341

Or

Cenvat Claim = BCD+CVD+E Cess+S E Cess+ Addl Duty

= 10628
1/2 1st year = 5314

Regards

S Rameshkumar

Dear Experts,

If i have service tax cr. bal. in two consecutive months(July & Aug.) but in next mth (Sep.) i have s.tax dr. bal. so can i adjust the dr. bal. for that two previous months cr bal. or not?


Thnx in advance

AB is a partnership firm.The firm bought a site in the name of firm and started constructing residential apartments having 12 units. It has got registered under AP VAT as works contractor.So far the advances received from the parties are credited to the bank accounts of the two partners Mr.A and Mr.B, who in turn spending the money for construction. The firm says it will obtain completion certificate from Municipality and then only register flats in the vendee's name till then, the advances received from them will also not shown in books of accounts of firm as advance received.By doing this way,they can avoid service tax.
1. Please explain is there any no of flats limit to be exempted for service tax applicable now.
2. If registration under AP VAT is there, is Service Tax again applicable.
3.If the firm directly registers the flats after getting completion certificate from Municipal authority, will it become sale and not service, thus service tax not applicable.
Waiting for detailed explanation from experts please

The period of these transactions are from 1.4.2013 to till date.

An individual furnishes a bill showing service tax 12.36% towards AMC of
EPABX. On such service we as a company is required to pay service tax
on reverse charge mechanicm.

Now what we should do,

Whether to obtain written decalartion from him that he has deposited the
service tax or

We should deposit our share of service tax and give him debit note.

Kindly confirm that the accounting code for the payment of service tax on security service under reverse charge mechanism is same as of supply of man power?
Further can we make the payment of service tax on construction service under normal charge and ST on Security service under RCM in one GAR-7 Challan?

SIR, MY QUERRY IS RELATED TO SERVICE TAX AND INCOME TAX . SUPPOSE AN PROFFESSIONAL INSTITUTE PROVIDE SERVICE TO SOMEONE OF RS. 5000000 SO IN THIS CASE AS LIMIT CROSSES OF RS. 1000000 SERVICE TAX HAS BEEN LEVED SO ITS TAXED FIRST TIME AND THAT AFTER HE WILL PAY INCOME TAX SO IT WILL BE TAXED SECOND TIME SO MY QUERRY IS THERE ANY DOUBLE TAXATION ON RS. 5000000.

if a travel agent opts for Composition scheme, he has to pay service tax on basic fare only. If he is charging his profit margin in Airport Taxes paid, but the invoice to client does not mention the margin separately, whether he is liable to pay service tax on the margin charged from the client?

If it is taxable kindly provide the section where it has been mentioned?

Does rental earnings received from letting out of a residential building needs to be included in rental earnings from commercial letting while calculation of Basic exemption limit for service tax exemption?

Say, for example, Mr X receives Rs 864000 annually as rental income by way of letting out his commercial shop and Rs 324000 annually from renting out a residential property. Now, whether he is liable to pay service tax as his total rental receipts are more than 10 lac?