how to calculate service tax in corporate firm?

Hello,

I am a mid career IT consulting professional (about 14 years experience) seeking to develop a deep understanding of financial statements. I am not an MBA but have deep understanding of business issues of certain sectors due to my process experience in them (IT, Energy Utilities and Healthcare).

I keen to develop this understanding of financial statements because,

1. Personally - I am interested in investing and want to read financial statements, analyze them and invest in stocks
2. Professionally - To develop a more profound understanding of various businesses, models, capital structures etc.

I need guidance on the path I should follow to develop this knowledge base in Financial statements. Recommendations of books, courses etc would be very useful. Any critique of my intentions would be helpful too.

(Just so you understand the level of my commitment to this task, I can take a sabbatical from work for a few months to develop this knowledge base.)

Looking forward to hearing from you.

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Our company is making payment to hotel for giving accommodation to its non executive director.Is company liable to pay service tax as per reverse charging mechanism following ts notfn.45/2012. Service tax audit by department demands payment of the same. But if we pay service tax on hotel room tariff it will lead to double taxation as hotel charges its service tax on its room tariff. Please advice whether ST has to be remitted by following notfn mentioned above in this case . very urgent

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Also do suggest way in which it should reach previous auditor.. can i send it by speed post ??

Thanks in advance.

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I have received and intimation u/s 200A from TDS,CPC,Vaishali,Gaziabad for quarter 4 ,financial year 2013-14 over mail.For the said period we have filed TDS return on 15th May,2014.However the TDS was deposited on 01/05/2014 instead of 30/04/2014 as the bank account is in Punjab and the banks were closed in Punjab due to General elections on 30/04/2014.
Now interest on late payment has been levied from date of deduction 31/03/2014 to date of deposit 01/05/2014.i.e 3 months as per the justification report downloaded from Traces .
Pls suggest what remedies do we have ??can we file a rectification with TDS Luxmi nagar,new delhi as the intimation is from CPC.

thankS

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