Hi

During the period from October to March 2013, we have received rent of Rs. 12,00,000/- ( plus 12.36% Service Tax on Rs. 12,00,000).

In the month of March We have paid Property Tax of Rs. 1,20,000/- for the month of October to March, 2013 ( Rs. 20,000 P.M. )

Now as per Notification 29/2012, we have to pay Service Tax on Rs. 10,80,000 ( 12,00,000- Rs. 1,20,000 )i.e., 10,80,000/- * 12.36%= Rs. 1,33,488/-

Bur we have collected Rs. 1,48,320/- from service receiver.

So, there is benefit of Rs. 14,832/- ( 1,48,320/- minus Rs. 1,33,488/-)

Now my question is that whether it is our benefit or we have to pay Rs. 14,832/- to Service Receiver

thanks

Can anyone help me in determining how fixed,variable and semi-variable costs to be put in cost sheet format and also how to calculate the same .

our company is excise exempted unit.we are doing job work from a company named puri electronics . he is excisable unit.he told us that please submit a letter in excise department. in notification no. 214/86. why he told us. if we will submit this letter under notification no. 214/86. then the job worker will not pay any excise.

Sir,
my CA CPT registration effect from 10-august-2010,I want to approach next December CA CPT exam.How can I renew my CA CPT registration?Can you give me the instruction for renewal?

I have cleared 1st Group of pcc in May 2012 and 2nd Group in May 2013.(After converting to IPC) My atricleship has been completed on October 2012. Can I apply for final in November 2013? .. if yes what are the procedures?

what is risk consulting?

thanks in advance

There is private Ltd. company providing IT Services outside India. Fee for these export services is received through an agent PAYPAL. PAYPAL makes the net payment to client after deducting his own commission. For example, if USD200 are received by PAYPAL, then PAYPAL actually remits only USD190 (after deducting 5% commission)into client's account.
My question is that whether the Client is liable to deduct TDS on this commission. If yes, what would be the operating model for these transaction.

hello plz explain me i have been confused for a little while now plz tel me if i go to a restaurant and consume food and my bill only of food items is rs 1000 wat will be the rate of vat service charge and service tax respectively and wat shall be the priority of their tax plz explain me wit the help of rates and numerical figures on my example of rs 1000. i wil b highly obliged.

I wanted to know what's the difference between a bcom graduate working as a tax analyst and a chartered accountant working in the field of taxation

Hi all,

Can VAT input credit availed on input/capital goods under Tamilnadu VAT act be set off against CST liability??

If yes, can you tell me which provision should I refer??

Thanks