WE ARE A REGISTERD PARTNERSHIP FIRM IN AP STATE, WE ARE TWO PARTNERS AND WE ARE SELF EMPLOYED ENGINEERS THRU THIS FIRM. WE ARE DOING DIFFERENT ENGINEERING WORKS CONTRACTS FOR OIL MARKETING COMPANIES viz.,M/s.BHARAT PETROLEUM CORP LTD, INDIAN OIL, HPCL..., MAINLY WE ARE CONSTRUCTING NEW PETROL BUNKS, WE ERECTING THE M.S. IRON/STEEL PREFAB CANOPY SHED STRUCTURES , WE ARE LAYING THE PIPELINES AND FUEL STORING TANKS IN THE (RETAIL SALES) PETROL BUNKS AND WE ARE ALSO DOING THE REPAIR WORKS OF CIVIL, MECHANICAL NATURE. TOTALLY OURS IS A CHOU CHOU TYPE OF ALL IN ONE WORK PATTERN ( CAN BE CALLED AS COMPOSITE TYPE WORK ? ) . IN THIS CLUMSY CONDITION THE PRINCIPALS BEING THE PUBLIC SECTOR GIANTS , THEY WILL NEVER ANSWER IN A STRIGHT AND PLAIN MANNER TO THE QUESTIONS WE RISE BEFORE THEM ( ESPECIALLY PEOPLE SITTING IN CHENNAI SOUTH ZONE OFFICE/s ), REGARDING SO MANY UNRESOLVED PREMITIVE QUESTIONS TREGARDING DIFFERENT TAX PROBLEMS ESPECIALLY ABOUT SERVICE TAX AND THE VAT TAX.
NOT WITHSTANDING ALL THE ABOVE, I WOULD LIKE TO ASK ALL THE SERVICETAX-SUBJECT EXPERTS IN THE CACLUB THAT, WHAT IS THE PRESENT RATE OF SERVICE TAX FOR WORKS CONTRACTS BE IT A ORIGINAL WORK or A REPAIR WORK or OTHER WISE . AS A REGISTERED PARTNERSHIP FIRM HOW MUCH % OF SERVICE TAX WE HAVE SHOW IN OUR INVOICE/ BILL AND HOW MUCH % WILL BE PAID BY THE CONTRACTEE / SERVICE RECEPIENT. IS THERE ANY SERVICETAX RULE / NOTIFICATION THAT BINDS THE COTRACTEE FOR PAYING HIS PORTION OF SERVICE TAX WITHIN THE STIPULATED TIME EVERY MONTHLY and IF THE CONTRACTEE FAILS TO PAY HIS PORTION OF SERVICE TAX (Pertaining to that particular Bill/Work), WILL THERE BE ANY REPERCUSSION/Aftermathaftermath TO THE INNOCENT SERVICE PROVIDER ? BY THE SERVICETAX AUTHORITIES. IS THERE ANY CERTIFICATE OF PAYMENT ( LIKE THE Form 16A and/or 26AS and/or 27AS in the Indian Income tax Act ) TO BE SENT BY THE CONTRACTEE TO THE CONTRACTOR Or A SERVICTAX RULE/Notification DIRECTING THE CONTRACTEE/SERVICE RECEPIENT TO PROVIDE THE PROOF OF TAX PAYMENT TO THE SERVICE PROVIDER. THESE ARE SOME OF THE QUERRIES WHICH A WORKS CONTRACTOR WILL BE GETTING IN THE PETROLEUM SECTOR, HENCE IT WILL BE A GREAT HELP TO ALL THE THOUSNDS OF PETROLEUM SECTOR CONTRACTORS , IF A PROPER AND DIRECT ANSWERS ARE GIVEN TO THE ABOVE QUERRIES. KINDLY HELP ALL OF US , MY DEAR FRIENDS. THANKS IN ADVANCE, REGARDS
-------------------- SATYANARAYANA
CAclubindia
