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Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2015 Sir, i need some Service Tax expert personal Contact Number. So i can call him for ask query regarding Service Tax.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 September 2015 Post the query here or send personal message I will give reply.

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2015 Sir, I have query regarding secured Loan against Material given by Contractor to Contractee for Material Purchase. If secured loan we treat like loan under Work Contract so sir our Service Tax liability also create on this amount and TDS also deducted by Contractor Company. But my query is not clear how to treat the Secured Loan and which Tax compliances applicable on Secured Loan. Some expert says that Service tax is not applicable on Secured Loan and But TDS deducted by Contractor for their own safety purpose. Some Points are. 1. Please guide me if Service Tax is not applicable on Secured Loan then how to Show this loan in Account Books. Please tell the Accounting Treartment also. 2. If Contractor Deduct TDS on Secured Loan how can we hide Service Tax on That Loan.

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Querist : Anonymous

Querist : Anonymous (Querist)

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2015 Sir, I have query. Sir If we have paid excess Service Tax in previous month but in Following month we have delayed in payment of Service Tax liability. Then we are liable to Pay Service Tax + Interest also. Sir My point is that can we adjust/ Use Excess Service Tax for pyment of Interest on Service Tax. or if Interest paid separately with Challan.

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1018353

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 September 2015 1 No service tax applicable on secured loan.
2 If TDS is deducted on the secured loan file return and claim refund.
Your query is not clear you can raise further clarification till your doubt is cleared.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 September 2015 You can adjust the excess service tax paid against interest.

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2015 Respected Sir,

I am very thankful to you for your kind reply. I have one request also please send me if you have any notification, Section and any Rule under Company Act regarding Secured Loan against Material. I need to read the detail of Secured Loan. Because Sir I am working in Construction Company.

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2015 We are falls under Reverse Charge and we are Service Receiver from Sub Contractor under Work Contract. We received Bills from Sub Contractor against Work Done and They charged Service Tax Under Reverse Charge on bills. We are paid to the Sub Contractor. Paid Service Tax Under RCM to Service Provider then we are utilise as a Input Credit against Work Contract Service. But We are not paid full payment to Service Provider within 3 Month. In That Case our Utilize Input Credit reversed back as per rules. But we are not reversed the Input Credit in Accounts Books. So Sir, Do you have any solution that how could we resolved this problem. Because after few days our Service tax Audit will be begin by Service Tax Dept.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 September 2015 Search the web you will find.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 September 2015 Reverse the input credit as per rules. Under RCM only 50% service tax paid by service provider and 50% payable by you.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2015 Good Evening Sir,
How are you, Hope you ARE well.

I have query, Is Service Tax is applicable on Water Charges and Water and Sewerages Charges received. We are received amount from Flat Holders and Plot Holder Under Their Company Rseidential Sector. Our Company is Land Promoters Company. They sell Land and Flats under their own developed Sectors.
In these Sectors government are not supply water. Because we are not handover these sectors to Government. Our company have own water station for water supply. In that case water supply is privatised. we are own generate water bills for clients. So we are liable to take service tax on it or not from Clients. If we are liable to take Service Tax then we are also liable to paid Service Tax on it on Monthly Basis.

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2015 If Service Tax is applicable then from which year Service Tax was applicable on water charges.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 September 2015 Only such service provided to govt/local authority is exempted. Hence service tax applicable on such services.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2015 Good Afternoon Sir,

Hi, recently I heard news that CST rate in Himachal is going to changew.e.f.1st april'13 from 1% to 1.5% (against C Form). Is this applicable now, if yes then can anybody tell me if there is any notification for the same.

And also i heard the news that Himachal CST against C Form change from 1.5% to 1%.

I have not cleared that what CST rate is presently applicable in Himachal Pradesh. Our one of the Dealer from Himachal pradesh and we are purchasing material against C Form from him.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 September 2015 No idea on Himachal............

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2015 Good Morning Sir,

How are you, Hope U well.

I have query, Our May Service Tax liability has been due for payment due to some reason. Now I want to deposit my Service Tax liability for the month of May in October Month. I want to Know that challan will be create with Education cess as per previous rule or as per new rule without education cess. I don't have clear this point. Please solve my query.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 October 2015 As the invoice relate to May you have to pay 12.36% with education cess.

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