HOW TO BRING A DEMARCATION BETWEEN:
1.CONSTRUCTION SERVICES (IN RELATIION TO CONSTRUCTION OF RESIDENTIAL COMPLEXES)
U/S 66E(b)

2.WORKS CONTRACT SERVICES(IN RELATION TO CONSTRUCTION OF RESIDENTIAL COMPLEXES) U/S66E(h)

PLEASE HELP ME IN THIS REGARD

WHAT I UNDERSTOOD:
WHERE THE GOODS INVOLVED IN CARRYING OUT THE CONSTRUCTION SERVICES ARE SUBJECTED TO VAT OR SALES TAX THEN SUCH SERVICE SHALL BE TAXED UNDER WORKS CONTRACT.
NOW MY DOUBT IS IN ALMOST ALL THE STATES THE GOODS INVOLVED IN CONSTRUCTION SERVICES ARE SUBJECTED TO SERVICE TAX

PLEASE HELP ME IN THIS REGARD
I AM FACING SO MUCH OF PROBLEMS WITH THE CONSTRUCTION OF RESIDENTIAL COMPLEXES

PLEASE

Let me know the difference between the Rule 6(1A) and Rule 6(4A) of Service Tax Rules, 1994 - the details of which are as under -

RULE 6(1A)

"Without prejudice to the provisions contained in sub-rule (1), every person liable to pay service tax, may, on his own volition, pay an amount as service tax in advance, to the credit of the Central Government and adjust the amount so paid against the service tax which he is liable to pay for the subsequent period"


RULE 6(4A)


"Notwithstanding anything contained in sub-rule (4), where an assessee has paid to the credit of Central Government any amount in excess of the amount required to be paid towards service tax liability for a month or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter, as the case may be."



QUERY:

In case, an assessee who is liable to pay a tax of say Rs. 10000/- has paid Rs. 15000/- through a single challan of Rs. 15000:

a) Can he claim the payment of Rs. 5000/- ( excess amount) under rule 6(1A) and adjust in subsequent period or this amount would fall under rule 6(4A)?

b) Is he liable to adjust the amount in subsequent period under rule 6(1A) but in rule 6(4A), he has to adjust this amount in the succeeding payment itself ?


As both provisions look similar in nature and effect, please clarify us the difference between the two rules

Dear all,

My client is registered under "Industrial Construction Service" & rendering the services to local Government bodies such ZP, Police Dept, Govt Education institutions in which land cost is not included.

As per notification 26/2012 for this service abatement of 75%/70% cannot be claimed as land is not included.

Now my questions are-
1.Whether he need to amend the registration & get registered under Works contract in order to charge Service Tax @ 4.944%.

2.Whether he will get exemption of the services rendered to above Govt. local bodies?

3.Whether he will get input service tax credit on services given by another works contractor & that service provider also charging the service tax @ 4.944% in his invoices?

Thanks.

At First Read out the policy of co. below for query :

-As per the rules of the Company, Life policy shall be assigned absolutely to the insured employee at the end of the first 10 years from the date of inception of the policy or earlier on such terms as may be decide by the company and the employee shall be entitle to receive or enjoy all polic(ies) money for his/her personal benefits after assignment in his/her favor.



In this case the Employer will take deduction under section 37 of IT Act for the premium paid.

But my query is that in this case whether this premium amount is taxable in hands of employee under section 17(2)(iv)as taxable perquisites or not ? keeping in mind employee is not enjoying benefits of policy till absolute assignment after 10 years.

Reply soon with section or case reference.

Thanks.

Hello Dear Experts

I am working in a service industry.I have a query regarding Service Tax Cenvat Input Credit. Recently Service Tax Department Issued a circular regarding Cenvat Credit Debit Entry. My Query is that we claimed Service Tax refund For the period of Jan'12 to March'12, the officials told me that I should give them a declaration on Letter head that I have debited Service Tax Cenvat Entry in our books so that the Input credit amount will be reduced,if so what will be the Entry in case, I am confused.

Dear Sir,

Can you please guide me about service tax half yearly return ?

In ACES.com there is no utility for half yearly return , so i need to file ST -3 for October - March, a half yearly retun.

How can i file the same ?

Thanking you in advance for your reply.

Respective Concern,

I have a query regarding WIP which is derived as per AS7.
I know we compute percentage of completion as per cost incurred divided by total cost to be incurred on contract.But here is two cost we have incurred i.e. certified value of cost incurred & uncertified part of cost.
I want to know which part of cost will be used to derive % of completion.
Pleased provide me suitable answer as soon as possible.
Regards,
Ravi garg

A private limited Co. files its form-20B for the F.Y 31.03.2012,

500 eq.shares has been transferred on 26-09-2012, the AGM date of the Company is on 29-09-2012

will the above share transferred details be shown in its Annual Return (Schedule -V)

Please reply

SIR, IF A LTD PURCHASE FIXED ASSET FOR RS 4,50,000 & A LTD ISSUE RS 1,00,000 DEBENTURE AS PART OF PAYMENT & FOR REMAINING AMOUNT SHOULD BE REMMIT BY CASH i.e rs 3,50,000.
sir my question is that,issue of debenture should be considerd in cash flow financing activities or not.

Dear Sir,

An assess had filed return for the financial year 2010-11 by showing a rental income of Rs.11,00,000/- and TDS of Rs.1,10,000/-. But in 26AS the tds credit is reflected in the Financial Year 2011-12. Now a notice received from income tax department to pay tax of Rs.1,10,000/- for the f.y.2010-11.
Is it possible to claim the TDS amount of Rs.1,10,000/- to F.Y.2011-12 & also pay the Demand amount by Challan?