A non registered dealer has charged service tax on his client and has not paid the same to the credit of Central Government. His value of taxable services is less than 9 Lakh rupees in preceeding as well as current year and hence is not required to be registered. The same deduction of tax at 10.3% is done erroneously and claimed from the client as well. Kindly let me know the penal provisions for the same and what procedure is to be followed to rectify this mistake.

please tell me about service tax on GTA
i am registered manufacturer partnership firm
and i am paying freight charges to our raw material supplier on invoice as a freight charges for sheet metal material.
His invoice sample as follow
material qty rate value
cr sheet 2000 50 100000

basic value 100000
excise duty 12.36% 12360
total 112360
cst 2% 2250
freight(note 1) 4000
grand total 118610

(*note1 freight charged on qty 2 Rs. per kg)

now my query is
1. how to calculate service tax liability
2. please tell in brief about 1500 per goods carriage or 750 per individual consignment

One of my client has not fully paid service tax & interest also. So i want know whether part of payment is made is to be adjusted with principal amount or interest amount first. If possible please give section/ case law reference.

Dear All,

Please provide reference no. of any circular/notification/provision for taxability and exeption/abatement from tax related with Common Wealth Games for providing contractual work involving supply of material and installation & commissioning thereof.


With Regards,
CA.Goutam Sabyasachi
goutamca@gmail.com

If an assessee takes loan from friend or relative for buying house ,and if there is a valid agreement to repay int and loan amount ,can he claim deduction for Int on borrowed capital under Income from House property.Or only banks /financial institutions loan would be valid? Pls explan with reference to construction within 3 yrs from date of borrowing

This year I've submitted my first return and when i received a email from tax deptt, the attachement had 5 pages including the computation of income....does that mean i've to undergo assessment procedure......I only had income from other sources......i don't know what exactly this is....

Dear Experts,

I have one doubt, pls. help me in this.
Suppose if company is into trading business on which VAT charged & also into service business on which service tax charged. however they are not maintaining seperate books of accounts of two business, so how can we claim set off of service tax paid on common input services. what should be formula to claim input credit set off under this condition.

Second in reverse charge mechanism applicable from 1-7-12 can service receiver claim set off of his share of service tax, or whether he has to pay without setoff.

Pls. advice me urgently.

Thanks in anticipation.

Shrenik Shah

Hi
please Tell Me About GMCS-Course During the Articles

One of my client being a Partnership Firm engaged in Construction Activities as Builder or Developer. It undertakes construction of 24 Residential House/Flats for Buyers who are Individuals.This Project is meant for Medium Class Persons.So nearly the Construction cost comes to Rs.8-10 lacs Approximately.After adding the Profit margin Builder/Developer makes Bill for each Buyer along with Sale Deed for registration purposes.Now in this scenario please give reply as to following queries:-

i) what will be Service Tax Rate to be charged.
ii) whether such services comes under RCM as per Service tax law.
iii) If covered under RCM then whether Service recipient is also subject to ST net or not.
iv) what will be ST rate to be borne both by Service Provider & Service Receiver.

Awaits an Early response.

I want to konw that following process is manufacturing process Or not & this is attract excise duty liability if turnover crosses the thresold limit

Purchase waste & Scarp of Cables & wires & Transformer & segrecate the material & sell as copper scrap,alluminum scrap,ms scrap,pvc scrap,& chapter heading is also change for cable scrap,transformer scrap & copper scrap,alluminum scrap,pvc scrap,ms scrap,can we asay that this is the manufacturing process