Anonymous
24 October 2012 at 15:31

Reverse charges in service tax

As Per service tax rules w.e.f. 01.07.12

suppose i am partner in producion house (movies). We are getting sponsership services from one business man for the production of movie. my queries are:-

1.how much amount we can take from him without applicability of service tax ?

2. if service tax is applicable then what will be its whole impact ?

3. who is to pay and how much ?
4. what's the accounting entries in this case ?
5. also explain reverse charges in service tax ?
6. what will be the agreement made between partners and sponsers and also let me know while preparing partnership deed is it necessary to show that we will take sponsership services ?

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Anonymous
24 October 2012 at 13:20

Reverse charges

IN CASE OF REVERSE CHARGE ST IS PAYABLE BY SERVICE RECEIVER... THEN WHETHER SERVICE PROVIDER SHOW SERVICE TAX IN HIS INVOICE OR NOT..... SERVICE PROVIDER ONLY GET AMOUNT FOR THE SERVICE PROVIDED AND NOT OF THE SERVICE TAX AM I RIGHT

CAN ANY PROVIDE ME A SAMPLE INVOICE IN CASE OF REVERSE CHARGE

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Anonymous
24 October 2012 at 12:39

Service tax payment

Hi,

We have imported machines from China under EPCG Scheme as per our PO and payment also 100% made.

The Installation of machine done by their agent who is located in India. We have not made any payment towards installation of machine to their agent. now excise auditor requested us to make service tax payment on installation of machine.

is that liable to pay Service Tax on installation of machine by us? whether can it be avoided ? Kindly clarify.

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Ashish
19 October 2012 at 21:53

Service tax on rent

Please let me know the service tax calculations on renting 6000 Sq.ft building area to a nationalized Bank. The rent receivable is Rs. 1,50,000.00 per month. I am a salaried person.

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CA Sambhu

dear friends,a very urgent query

can any body tell me that a singer who sings in stage shows and record songs as a play back singer is liable to service tax prior to 1.7.2012. its very urgent friends.

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Anonymous

Is service tax applicable if a land is bought by group of people and divided equally among them. and they built thier residential houses separately in the colony.

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Anonymous

IS THERE SEERVICE TAX APPLICABLE ON GOODS TRANPORT AGENCY OR NOT, IF ITS APPLICABLE WHAT IS TREATMENT, PLS ADVICE

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pradeep
18 October 2012 at 12:11

Input tax credit

BEING AN SERVICE RECIPIENT IS IT POSSIBLE TO CLAIM CENVAT CREDIT OF SERVICE TAX PAID ON THE SECUIRITY AGDENCIES AND DIRECTORS SITTING FEES IS THERE ANY PROVISIONS REGARDING THE CLAIMING OF CENVAT IN THE SERVICE TAX RULES IF YES HOW WE CAN PROCEED

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Naveen Kumar
18 October 2012 at 10:52

Reimbursement of electricity bill

ABC (P) Limited provides various repairs services to its client. Its also pays their electricity bill (BSES & NDPL) on their behalf and recovers the amount by raising debit notes with NO profit/Mark up element.
Whether service tax will be also recovered from the client. On other service ABC (P) Ltd raise invoice with 12.36% Service tax. Please advice in light of negative list regime. Whether the treatment is okay.

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Anonymous
17 October 2012 at 14:59

Service tax on equipment hire

dear expert
we are giving machinery on rent or hire to road manufacture who is a govt contractor, and the contract for road is given by the govt and he is exempt for service tax, but he is saying that his services are exempted so service tax will also not be charged on machines taken on rent from us

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