Dear Experts,

Please clarify the doubt.

I am having a doubt regarding the following queries; when, if, a person is required to pay service tax as a recipient of service for the service imported from the country other than India what would be value of service; for the payment of service tax need to pay. The queries are

1. If, the agreement to pay in Indian Currency, invoice value is Rs. 10,000

(a)If TDS deducted from the Rs. 10,000, (Rs.10,000 less TDS on Rs. 10,000), Service Tax on value?
(b)If TDS is not deducted from the Rs. 10,000 (pays Rs. 10,000 to foreign vendor) and TDS pays from India Company, as per agreement. What is the impact on Service Tax and Income Tax? Service Tax on value?

2. If, the agreement to pay in Foreign Currency, invoice value is $10,000
(a)If TDS is deducted from the $10,000, ($10,000 less TDS on $10,000), Service Tax on value?
(b)If TDS is not deducted from the $10,000 (pays $10,000 to foreign vendor) and TDS pays from India Company, as per agreement. What is the impact on Service Tax and Income Tax? Service Tax on value?

Based on the above queries, I would like to know the following:

3. What is the impact on Service Tax (regarding the valuation of taxable service and others like gross amount?) and Income Tax (admissible or non-admissible expense and others, if any – amount), in both cases?

4. What are the requirements to be fulfilled regarding the same in both the cases, under different statutes?

Thanking you,
Yours faithfully,
Srikanth
Learner

I have written costing paper well..but..I have forgotten the operating leverage and cost of capital chapter cost of capital ,I couldnt get indifference point worked out..but written d formula and wrote one formula of contract costing wrong..Will I get 75marks plus??plz help me..m so depressed..refer question paper once and tell me please..

i secured exemtion in ipcc taxation (64 marks).now for the aggregate 64 marks will be taken or 50 marks

I have written all the exams well..IN accounts..I have written well all the 16marks questions including the add score one.But..couldnt get time to attend a 4 and did few mistakes in 2 5mark questions..Is there a chance i can get 80plus?

hi I gave my direct tax paper on 14th may 2011 may attempt but the paper was tough i attempted 80 marks paper but am very afraid paper was very unexpected no amendments :( my previous papers were nice but due to DT paper am afraid will i pass my group ?

Is Eten CA Classes provides better services regarding CA Final Sanjay Aggarwal Costing Classes ?

Dear sir,
I wrote only 3 paper in first group in this may 2011 exams. After i was sick, so i am not able to attend rest of the exams. I am expecting above 60 in Financial Reporting.
My query was, whether i eligible to carried forward the exemption to november exam if i get exemption in Financial Reporting?

what are the CCR provisions with respect to
" Goods manufectured by 100% EOU are removed to DTA"
in the hands of 100% EOU as well as DTA ??

Plz. give provision details also.

Do we hav to prepare B.sheets in Accounts paper of Nov 2011 as per revised schedule VI ? .... that too in vertical form ...bcoz revised scedule VI is applicable for Nov 11 xams......& i heard that there is no option for horizontal form of b.sheet under revised schedule....wat to do now ?
do i hav to practice the questions as per revised schedule ? is this format of b.sheet compulsory ? can't we prepare horizontal form ?

Hello sir, now i am pursuing BBA (B&I) 4th semester from Guru Gobind Singh Indraprastha University,Delhi. I want to study CS or ICWA ,which is best for me, pls give suggestions to me.