If travel agent is charging service tax on 40%, whether it is correct? How much is payable by service receiver. Reverse charge is payable by service receiver on 60% ? please guide with illustration.

Dear Experts,

There is one partnership firm ,having business of painting and polishing and interior related work.( works contract)

total turnover of business is less than 50 lacs,

Firm normally received payments after 3-5 months from date of sales invoice raised.

Is it possible to pay service tax on receipt basis??

and which one is the most appropriate category of service under which firm can register its painting and polishing work?? ( labour charges)

can a non-ac restaurant giving printed bill charge service tax @ 4.94%?

In the case of partial reverse charge, what amt of service tax is written by service provider in his invoice????

Hi,

Someone may please reply, if possible:

Query 1

Assessee has taken registration on June 2013. His turnover comes to around Rs.15 Lacs only from June to Sep. 2013.

What is the Interest Rate applicable for him, as he is yet to pay the Service Tax Payment? [As his taxable service value is less than Rs.60 Lacs in the current financial year, can I proceed with 15% only (by availing concession of 3%].

Ans : ……………..

Thanks in advance for your replies.

Can anyone pls explain me detailed concept of service tax input credit ,like
what exactly it meant ?
when we can claim such credit?
wt is the intention behind introducing this concept?..........

We are a proprietorship concern trading in yarn.Now, the proprietorship concern import goods and then from port the goods are brought to godown through GTA, from where the goods are sold. In above scenario who is liable to pay service tax.

Dear, A commercial establishment carrying the business at the rental premises, since 2009, the Tenant pays the Monthly Rent to the Land Lord after deducting the TDS, now the Land Lord is claiming the Service Tax to be payable since the date of Rental Deed Agreement signed - 2009. Is Service Tax is payable on Leased Premises / the ST to be borne by the Tenant or Land Lord. Hence forth the ST too be deducted along with the TDS in the Rent. Please clarify. Thanks.

Can any body tell me how to show value of taxable service in case works contract who are getting benefit of reverse charge and abatement....

Please, reply soon.......

Hello to all. i am a real estate broker and had a query regarding service tax. say for eg., i earn 15 lacks a year. Thus , a service tax of 10.3% would be levied on Rs. 15L on me, say aaprx. 1.5L. Thus, i receive 13.5L as income. now, i pay income tax on the 13.5L, say 30% = 4.05L. Thus, the net amount in my hands is 9.45L. Thus a tatal tax of 1.5 + 4.05L = 5.55L. Is this how it works or do i get a rebate for paying service tax.