Dear Expert- Insurance agent receives commission from insurance company and service tax is also paid by insurance company as per reverse charge mechanism (100% to be paid by SR)

Q1)Now commission received has crossed Rs 10 Lakhs, Is insurance agent require to get himself registered under service tax? even though he is not require to pay service tax since it is paid by insurace company.

Q2) if yes then under which category of service, insurance agent should get himself registered? (Q2 not very impt)

Q3) if yes then while filling ST 1 in point no 4. Category of Registrant what is to be tick ? under
(a) Person liable to pay service tax i) service provider or service receiver?
Or (b) Other person/class of persons?

as per section 69(1) every person liable to pay service tax and section 69(2) the notified person by CG i.e service receiver should get register under service tax.

incase if 100% ST is to be paid by service receiver then even service provider should get himself registered?

Affidavit filed by Director/promoter in INC 8 Affidavit printed on Non-Judicial Stamp paper or simple A-4 size paper?

Franchise receives commission as percentage for services provided every month.

The Franchise deposit the total collection with service tax for the services provided in the Franchisor bank account after deducting his commission.

Whether the commission is chargable to service tax?

If yes, then the commission amount falls under the exemption limit of 10 lakhs or he has to pay service tax from zero point.

I HAVE A PARTNERSHIP FIRM CARRYING OUT THE BUSSINESS OF TRANSPORTATION AND THE ANNUAL TURNOVER OF THE FIRM IS 2.5 CRS. BUT THE TOTAL NO OF HEAVY GOOD VEHICLE IS 4(FOUR). CAN I FILE MY RETURN U/S 44AE.

FURTHER I FILE MY NIL TDS RETURN AGAINST PAYMENT OF FREIGHT TO THE VEHICLE OWNER.

KINDLY ADVICE ME

THANK YOU FOR YOUR VALUABLE REPLY

BUT THERE ARE TWO PARTNER OF PURCHASER AND BOTH HAVE PAID DIFFRENT DIFFRENT AMONT LIKE

TOTAL VALUE 18,00,0000.
ONE OF THEM ONE PAID 95,16,000
SECOND ONE PADI 83,04,000
TOTAL 17820000

SO HOW CAN I DEDUCT TDS (IN WHICH CALCULATION)

Hi all,

I'm a CA & CWA Final student, can anyone suggest me the courses after completing CA course and specilisation in a particular subject(in Finance, Tax, Auditing) and references to it for better future.

or

Is MBA a better option?? from which university?

1. M/s Suresh Enterpries had Paper Purchased Rs 86700.00 against 2% CST ( Purchase Rs 85000 & CST Rs 1700.00) to Raj Paper Pvt Ltd.
2. M/s Suresh Enterprise Paid (through SBI)Entry Tax @ 5% = 4335/- of Purchase to Sales Tax (Bihar Commercial Tax Dep) month of end.

What is the above both journal entry ?

Plz advise urgently

Sir,

I have submitted return Apr - Sept 13 on 17.10.13. Subesequently it has been rejected as - You have not registered as Input Service Distributor in ST2, you can not file return as a Input Service distributor.

I ameneded the certificate & while filling Revised return for the above period, system shows the message as you have not submitted the original return.

Plz let me know to file original retunr, whether I have to pay Late / Penalty fee for the above retunr or not.

Kinldy give me valubale suggestion urgently.

sir IS COMP LAW 2013 applicable for dec 2014 cs executive exam ? if yes but i hv
received module of compy law 1956.

Will cs institute send the module of compy
law 2013

HII

THERE ARE TWO BUYER OF FLAT AND I HAVE TO DEDUCT TDS AND BOTH PARTNER (COUPLE)HAVE PAID DIFFERENT AMOUNT TO SELLER , SO HOW CAN I DEDUCT TDS. THE LIMIT IN BANK IS 50000/- PER DAY . CAN I PAT ALSO IN INSTALLMENT LIKE DAY BY DAY