I have doubt regarding claiming of Input Credit paid under Service Tax Reverse Charge Mechanism.

I have recd. invoice of Rs. 100000/- from the service tax provider under works contract on 10t August, 2012, in which I have to pay service tax @ 50% of the service valued i.e. is (6.18%) Rs.6180/- at the time of payment to the service provider. I have made the payment on 15th October, 2012 so my liability to pay service tax on reverse charge arises in the month of October, 2012. But I have paid the Service tax under reverse charge on the month of 10th February, 2013 with Interest on delay of Payment for 4 months.

Now can you suggest when I can take credit of Service tax paid on Reverse Charge.
1. Whether in the month of October, 2012, where my liability arises & I have the paid the tax with Interest. Or
2. In the Month of February, 2013 in which I have paid the Actual Tax.

Kindly help me out as soon as Possible.

Customs-

Advance Authorisation Scheme:

Can i use license received under this scheme for importing material for manufacturing at any other unit or materials has to be imported for the same location from where exports are effected??

Sir,

My name is Sumesh. I am preparing for Intermediate (IPC) Examination on May 2014. I would like to know whether the Companies Act 2013 is applicable on May 2014 examination.

Kindly advice

Respected Sir,

My query is if a person has short term capital gain on shares of Rs.12600/- and the special rate applies 15% on it which is Rs.1890/-, but his normal taxable income is below the taxable limit. My query is that is he require to pay the STCG tax of Rs.1890/- or he don't require to pay any tax.

Thank You.

sir,

Do the member after making the online payment require any thing to be submitted to the Institute?

thanks in advance

Please reply

My service tax liability are as under:

April-June:- 36967
July-Sept :- 44974
Oct-Dec :- 28862
Jan-March :- 54983

Payments made for service tax are as under:

DATE AMOUNT
29/05/2012 :- 25000
16/02/2013 :- 40000
30/03/2013 :- 50000.

Rate applicable is 15%.Pls help in the calculation...

We are receiving a bill on quarterly maintenance charges from the society and they are levying service tax @ 12.36% on the said maintenance charges.

In this case are we liable to deduct T.D.S on the maintenance charge so raised. If yes, then at what is the rate and section of T.D.S to be deducted?

What is the procedure of deduction of TDS on intt. On unsecured loan in case of individual & time of deposit the TDS & Return ?

Sir,

If a accountant is taken on a contact basis in a company and his salary is Rs 10000 and a addition of Rs 500 is given as telephone exp as per the contract, then TDS will be deducted on which amont Rs 10500 or Rs 10000 and at what rate

Dear Sir,

One of our client is running the business of supplying the well water to his clients and for that he has his own trucks. My question is at what rate of depreciation he require to make at the end of the year.

Yours Faithfully