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.

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