If the vendor is providing the service of replacement of various machinery,which includes material as well as service, and if he is charging 12.36 % service tax then in this case whether its works contract and whether we are liable to bear 50% under reverse mechanism

sir ,

IF GTA levies 25% service tax on its freight bills , the following questions arise:-

1.Can Input ST credit in respect of 25% service tax be claimed by service receiver ?

2. Will the PRC mechanism come to picture ? if so , how mach percentage of ST will the service receiver supposed to pay ?


thanks in advance

ashok malhotra

Sir/Madam,
With effect from 01.07.2012 onwards whether Service Tax is to be collected from Trust for work done/Bills raised in the name of Trust.

Previously, Trust is not a commercial entity,Service Tax not collected from Trust.

In view of recent changes,based on negative list of Services,is Service Tax applies to Trust?
Thanks
Siva

if father in law gifts some money to son wife on the occassion of marriage and sons wife further make the investment out of that money than whether such income will be clubbed in the hands of father in law or not?

Dear Experts

Kindly tell me how to find the Range for service tax registeration.

I have to Register under Service Tax-II Mumbai under division -IV, Service category is Consultancy.
Now from 01.07.2012 as the category of service is same for all i.e other than negetive list so how can find the range???

And also division code link available on ACES website is not understandable about the Ring Road area in delhi can any one explain this

A company has authorized & issued share capital of 10,000 shares.

Can it accept the share application money before raising its authorised share capital ?

Thanx in Advance..

Dear Sir,

we are in receipt of Service from a reputed Chartered accounted in respect to valuation of factory asset, can we eligible to claim service tax charges. (we are in mfg of precision components)

Thanks & regards,

Lokesh BV

dear sir,
before two year i had crated my broker a/c with op.balance of rs.25000/- but orignally it was 0 rs.in this year i want to correct my entry.so what entry i have to pass in tally?

i am a distributor of sim card. is there any liablity of service tax in case of selling of recharge voucher of any company ?urgently needed

whether allocation of internet usage expenses by the head office outside india to office in india is chargeable to service tax as import of service. plz also give any circular clarification etc. in this respect.