We undertake jobs on EPC basis classified as taxable service classified under 65 (105) (zzzza) explanation (e).

All our jobs are for State Govt. departments or for local authorities for Irrigation or for Water supply schemes / sewage disposal schemes.

Prior to this classification, we used to discharge service tax for the taxable services like Erection, Commissioning & Installation, Consulting Engineer Services etc, for the labour component involved in the contract. Considering the fact that these buildings are not used for commerce or industry, the civil services were treated by us as exempted service.

Now, under the revised classification of WCT services, the valuation of gross taxable service would be Total value of the contract less transfer of property in goods + relevant VAT.

The query is explained mathematically as under:

Total contract value 100.00
Less: Transfer of property
In material + relevant VAT 90.00

Gross value of service 10.00

The Rs.90.00 deducted above includes Rs.20.00 as the Civil portion of the contract, the break-up of Rs.20.00 is material + relevant VAT + labour + margin. My query is whether this Rs.20.00 will be exigible to tax under the service tax scheme because of the classification, i.e. Works Contract Services, even though the proposed civil structure is not going to be used for commerce or industry.

Thanks.

Hi,

I have 2year Accounts Experience. I have listen about Forensic Accounting course.

Can some Explain me for that ?
What is future with that Course?
What are charges of that course?

Please reply me

I am Registered under M. Vat. We are chargine 4% Vat on our product i.e. Carbon Dioxide Gas (Industrial Gases). If I sale the same product to Unregistered party then what is the Rate to be Charged i.e. 4% or more. What about that, when i will file Vat Return? Shall i claim set off or not

Hi Sir / Madam

I have some confusion in cash payment.
As per my knowledge if payment is above Rs 5000/- then we have to paste revenue stamp & get voucher signed by the receiver & if amount is below than Rs 5000/- then it is not necessary to paste revenue stamp on it. But somebody told me that the limit is Rs 2500/- So I am confused in these amounts.

So Can anybody tell me what is the correct answer.

And If it is Rs 5000/- then how can I proove my Point. i have to Show them something to proove my point.

Regards
Anil

I have paid cheque to my vendor of 40,000/- against the opening balance from the same vendor I have got some bill of processing charges which is less than 15000/-, is there any liability of TDS under section 194C.

Dear All,

Anyone having any article regarding Accounting of Software companies (MNC) especially for GL Accounting (i.e.nature of transactions,process involved etc). Please forward me immediately.

Thank....

Is Hostel fees collected by a Commecrial Coaching Centre liable for Service tax...Invoice is raised in the name of the student for tuition fees and hostel fee separately...u can easily bifurcate the tuition fees and hostel fees separately...

Joint Commissioner of Central Excise , customs and Service tax has issued a show cause notice for payment of service tax on Hostel fees collected also...it is tenable or not...

A pvt. ltd co. having no business transactions incurred some pre-operative exps like audit fee, legal fee and bank charges. My query is that whether these expenses will appear in Form 23ACA or not.

i hav cleard cpt n m done wit 2yrs of articlshp n i ll b completin 3nhaf yrs of articlshp on june 16th 2010.so i gt 4 mnths to stdy as my attmp is in nov 2010.till nw i hav utilised 2 mnths leave.can i utilise remainin 4 mnths leave for pcc.i ll b gvn in may 2009

hello everyone

I hold pan card in hyderabad and iam doing job in chennai. in this case where should i file return?