CAclubindia

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

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Mithun Agarwal says : Any service tax liability for service receiver
Dear sir we are doing/construction of tunnel or road and my question is that we are giving contract for fabrication work to a individual and also provide all material to individual related to fabrication work then after its any service tax liability for service receiver

Amjath Khan says : Regarding: Service Tax
Hi Ramesh, I hope you are doing well. I need you help in understanding service tax. I'm working on a contract for this US firm and will be paid in USD every month through wire transfer. My income will be 20L per annum. Do I have to pay 15% service tax on 20L? Thanks so much. Much appreciate

VINAY says : Respected Sir, Purchase of Open plot
I made purchase agreement of a open plot for Rs.18,00,000/- by paying of Rs.2,50,000 as advance(Paid).But, the registration value of the plot is Rs.7,50,000. I have bank balance for rest of the payment and I have taken personal of Rs.6,00,000/-. Could you please guide me how to proceed for registration of plot in the present crisis(Old currency banned).

Sanjeev says : Please advise (Professional fee V/s contract)
Hi Sir there is 1 company engage in providing technical support for their parent company’s software. They r signing contract with customer for giving support from their end so company is providing training to anyone at customers place who can handle software. Company is charging for set up of software and monthly charges thereon. Now does customer need to deduct 10% (for receiving technical support) or 2%(since they got into contract). Please advise.

Pravin Prajapati says : vat on expenses made for office renovation
how to entry in tally, vat on expenses made for office renovation example - In office plywood purchase of rs.50000 and vat is 5% that is 2500, and tiles purchase of rs 10000 and vat on tiles is 5% means 500, now wages paid 5000 . explain total renovation entry in tally