We are a manufacturing unit and entitled to Cenvat Credit on Service Tax.

This query is about the expansion site for manufacturing which also includes office space and amenities. We would like to know if service tax charged by the contractor can be availed as Cenvat Credit? There is no bifurcation of the bill for manufacturing area and other office area.

If the service tax is applicable, then under what notification? If it is not allowed, is it explained explicitly in any particular notification??

If Public co. had paid Income tax in MAT of Rs.24 Lakh (FY 12-13), whereas neither made provision for tax in FY 12-13 nor any shown any entry relating to MAT or payment of tax.

Assume that tax as per Income tax is zero because of losses in FY 12-13.

Kindly suggest us what are the entries to be pass in book in FY 13-14 relating to above.

An Indian company (I Co.) receives advance fees from overseas of say USD 100 (as per FIRC). Accordingly, based on prevailing exchange rate, INR 5,500 is credited in the bank account of the I Co.

Now, contract is terminated (say within six months) and I Co. has to refund the advance fees.

My query is as to whether as per FEMA regulations, I Co. has to remit INR 5,500 actually received in its bank account or I Co. has to remit USD 100 (as per FIRC) i.e., INR 6,200 (as per conversion rate today).

I Want to now the effective rate of VAT Item wise.

sir i am taking the transfer from my firm whether documents like itt Certificate, 10th markset 12th marksheet orientation certificate etc again have to submit with form 102 and 103.with new principle

Hello Sir,

Please clear the following query-

X LLC (USA) is a wholly owned subsidiary of X India (Delhi). X LLC is providing telecommunication services to clients in India through X India (outsourcing). The client pays directly to X LLC in USD (and not to Indian Company). The Indian company raised invoice to X LLC for providing services to its clients in India and receives payment in USD.

Now, I want to ask-
1. Is it covered under export of services?
2. What is the place of provision of service?
3. On whom the liability to pay ST arises, if any. (Considering reverse charge mechanism also)

Thanks in Advance!!

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

If we receive an extra amount due to foreign exchange variation, then whether service tax is payable on that extra amount received on account of fluctuation ? Similarly, for amount short received due to foreifn exchange variation ??

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

There is a private limited registered as “ xxx Builders & Developer Pvt Ltd.”. Its main object is for dealing in properties.

Now its directors want to start a new business of medical(medicine).

So, what a procedure for it? Or company requires to change name.