Hello Dear Friends,
I am CA Ajit Gajera, I have one client doing business of Freight Forwarders. Now we have department audit for last 5 years. Last 4 years have no problem at all because Freight was exempt.
From 01/06/2016 Ocean Freight was taxable and it was clearly stated that Abatement of 70% was allowed on freight services.
My client was taking 70% abatement and paying tax accordingly. Now officer is a view that as per Circular no 206/4/2017 - Service tax dated 13/04/2017, Your firm is not eligible for 70% Abatement and now you have to pay balance tax on 70% value of Freight.
Can anybody has a view that this abatement is available or not.
Please reply urgently
Dear Experts, Service tax dept has send notice for FY 14-15 for detailed scrutiny. Our company is manufacturing (factory at Ahmedabad) & service industry (Mumbai HO). There is no any exempted goods or service. And we have separate service tax registration for Mumbai & Ahm for RCM service. We do the consolidated balance sheet to file ITR, 3CD etc.We book audit fees cost in Mumbai books & take the input in Mumbai. Now, Officer has raised question on full input taken in Mumbai for common services like audit fees etc.And ask to refer Rule 6 of CENVAT.
Please advise which rule is applicable for this common service.
We have entered in to works contract last year.This contract is coming under exempted notification for service tax.Works contract completed now billed prior gst period and payments come.Now we have a doubt,whether revised return to be submitted to service tax to department
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hi
i just want to know we are pvt Ltd company
and our service Tax payments is pending for the Month of May & June -2017
what should we do in this case
Sir, Registered NGO receiving grant under CSR to construct class room and toilets at Government School. This NGO is registered under Income Tax section 12A and GST. My query is- 1. Is this NGo is liable for service tax on grant? (which amount on total grant or excluding construction cost.) 2. NGO should claim input tax (revers charge) on material purchased for that activities? 3. If no any tax liability than which section is applied for exemption?
Not filed IT return since income belwo taxable limit. for the period ending 31.3.2016 due on 31.03.2018.
However there were transections in share market mostly not profit. The IT dept has flagged values for about 30=40 days when turnover was above three four lacs having profit of one or two thousand or loss on other days.
How to solve this querry.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
Abatement on ocean freight