If rendering a service is contingent upon the happening of any event and the service charges are payable even if the event does not happen, will it be covered by - "service provided or to be provided" as per section 67 of the FA'94?

In this context, whether service tax is applicable on advances received before rendering the service?

If rendering a service is contingent upon the happening of any event and the service charges are payable even if the event does not happen, will it be covered by - "service provided or to be provided" as per section 67 of the FA'94?

In this context, whether service tax is applicable on advances received before rendering the service?

Sir,

I want to know how much capital is required for the Infrastructure in the name of the company.As i have to register the company for Ex.X Infrastructure Pvt Ltd.

withregards

Do we have any web site only for CS students apart from this site, please provide me the link.

Regards

Srinivasan.A

Hi,

As per new notification of RBI,
remitter has to give undertaking as well as CA certificate for remittance in foreign currency.
I would like to know that in case of purchase of raw material, liability of TDS arise?
If you are paying to non resident advertisement agency for advertisement in magazine, what would be the treatment?

In certificate- Annexure B, if we import machinery, what should we comment in point 7, 8 ?

in general when we have to deduct tax of non resident in such transactions?

I have purchased stock as an individual capacity from bank as disposal of stock which are seized by them.Presently,I am working in firm as an employee which are engaged in trading of imported goods. Turnover of firm is below 1 Crocre.

I am not registered dealer under cst/vat. Now I want to know, can I sale these goods to my firm? Weather firm is liable to pay purchase tax(VAT), excise duty on these goods?

If yes, then firm is eligible to claim input tax credit of excise & purchase tax?

What are the tax implication for sale of these goods by firm?

Hi Sir/Madam(s),
I am interested in Internal Audit as a career.I have been a part of Internal Audit teams in my Article period but wasn't invovled in reporting.So in order to gain knowledge in MIS and Internal Audit reporting can any one provide any format of MIS reports or any site links. Thanking You,
RAM

MY CLIENT IS PROVIDING SERVICES OF FORWARD CONTRACT & COLLECT BROKERAGE & TURNOVER CHARGES. TURNOVER CHARGES IS COLLECTED ON BEHALF OF NCDEX,MCX ETC. WHICH IS PAID TO THEM. HE HAS PAID SERVICE TAX ON ONLY BROKERAGE NOT ON TURNOVER CHARGES.

I WANT TO KNOW WHETHER HE IS LIABLE FOR SERVICE TAX ON TURNOVER CHARGES OR NOT? IF YES THEN GIVE ME FULL DETAILS ABOUT IT & REFER CASE LAWS ETC.

THANKS
YOURS
MANISH MUNDRA

in case a companys accumlated losses is more than 50% of its net worth and the company has not taken any loan from any bank or financial institution, then what is the requirement as for as the caro is concerned.

Dear Sir,

as all of us know that rental services are came under the provisions of service tax.

My query is that what happened if any assessee already raised the bill of rent to their client and registration of service tax comes after that billing.

can the assessee he liable for service tax on those bills that he had already raised. if yes then can he take cenvat of the bills raised on him during that period.

the second problem is that the assessee is under the obligation of paying some expenses to the service tax provider and he is entered an agreement for rembuirshment of the same from second party but he required to raise a bill for the same. in this case the second party had the obligation to pay only the amount of the bill of services or expenses as raised by the service provider. so what is the formalities on the part of the assessee in this matter as he is only the mediator and had not made any addittion. so can he is also required to raise the bill and mentioned the service tax seperate on the value including service tax or only on the value of the expenses.

so please let me know the possible way out of the same.

Thanks & Regards