tds on contractor was deductible coz the bill amt was greater than 20000 but the next bill during the whole year was of 5000 only so is tds deductible on 5000 as 50000 limit is not crossed during the whole year

Dear Friends,

My company is registered under service tax act as service recepient for transport of goods by road.

During the year our company has imported some machinery from Italy and paid a sum of Rs. 20 lacs as technical fee for installation of machinery in India by Italian Engineer and deposit the service tax on that amount.

My query is whether my company required to get a separate registration number for technical fee paid to non-resident.

Secondly if No separate registration is required than how I can show the technical fee paid amount in my service tax return.

thanks in advance

kamal kukreti

Pallavan Transport Consultancy Services ltd., (PTCS) the nodal agency, on behalf of the State Transport Undertakings (STUs) fixed an operating agency for display of movies in buses through Build, Own, Operate and Maintain (BOOM) method through open tender. The rate for display of movies is fixed as Rs.262/- per bus per day. This is inclusive of all taxes and levies. An agreement with the operating agency is signed by the individual STU.

PTCS is deducting 5% service charges and the service tax on the service charges from the amount payable to the STUs.

Under the above circumstances the following queries may be answered?

1. Who is the service provider and the service receiver?
2. Who is liable for the recovery and remittance of service tax?
3. Whether service tax is to be recovered from the total amount payable by the operating agency?
4. Whether recovery of service tax by PTCS on the service charges @5% deducted from the amount payable by the operating agency is correct?
5. Whether TDS has to be recovered on the amount payable by the operating agency?
6. Whether TDS has to be recovered on the amount of service charges payable to PTCS?

Dear Friends,
can you please tell me the new professional tax slabs for karnataka with effect from 1st april 2009.

Pallavan Transport Consultancy Services ltd., (PTCS) the nodal agency, on behalf of the State Transport Undertakings (STUs) fixed an operating agency for display of movies in buses through Build, Own, Operate and Maintain (BOOM) method through open tender. The rate for display of movies is fixed as Rs.262/- per bus per day. This is inclusive of all taxes and levies. An agreement with the operating agency is signed by the individual STU.

PTCS is deducting 5% service charges and the service tax on the service charges from the amount payable to the STUs.

Under the above circumstances the following queries may be answered?

1. Who is the service provider and the service receiver?
2. Who is liable for the recovery and remittance of service tax?
3. Whether service tax is to be recovered from the total amount payable by the operating agency?
4. Whether recovery of service tax by PTCS on the service charges @5% deducted from the amount payable by the operating agency is correct?
5. Whether TDS has to be recovered on the amount payable by the operating agency?
6. Whether TDS has to be recovered on the amount of service charges payable to PTCS?

Dear Friends,

Kindly tell me the time limit to submit the First Balance Sheet of Co

Dear Friends,

Kindly give me the Clear Picture about Provision of Sec 383A Appointment of Co Secretary.

Is there any restriction under the Companies Act,1956 or under any regulation of the CA Institute on the number audits of Pvt Ltd Companies to be taken up by a practising CA?

Dear all,
Can anybody tell me any link of website through which i could able to get my Pan no. only by my name & address???

Dear all,
Can anybody tell me any link of website through which i could able to get my Pan no. only by my name & address???