CAclubindia

Queries Replied : 375

A tax professional with expertise of construction industry, particularly in the areas of VAT & Service Tax.

I do blogging at https://caclub.in also.

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dipa devani says : service tax liability on royalty income
Respected sir i would like to ask you the consequend=ces of service tax on the royalty income as define U/s 9(VI)(e)of income tax act 1961. kindly reply me as soon as possible

AMIT KUMAR GUPTA says : Service Tax Liability
Dear Sir, Our company has got registration with Service Tax without expecting to have turnover over 9 lacs in 10-11. Now in year 11-12, company is expecting that turnover will exceed Rs. 9 lac. Please clarify when,it is liable to collect and deposit service tax with authorities.

chandan says : please help me sir
please help me sir What is the treatment in Npo if opening balance and closing balance of stamps given in Receipt and payment account and expenses of postage given in payment side of Receipt and payment account. E.g. Receipts Payment To b/d Postage exp Rs. 1000 stamps Rs. 50 By c/d Stamps Rs. 20 Please give me the solution and reason because in book the solution is not understandable.

ashok says : wORKS CONTRACT IN MAHARASHTRA (MVAT)
I am an Interior Decorator (Making & Repairing furniture items and others). I am registered in MVat. My work involves supply of material & Labour (mostly furniture items). I used to charge vat @ 12.5% for all interiors works but now the party refuses to pay Vat on labour. It now possible to exactly bifurcate between sale value of material and labour charged as even small repairs works involves some materials (nails, screws, handle). I am not registered in Service Tax as I am not liable. 1. How should I charge Mvat Tax? 2. Is there a standard ratio in which I should charge vat on the total Invoice value?