As per service tax new regime works contracts has different rates for eg. original contracts is 40% repairs/renovations and other is 70% other than above is 60% is it correct.now my doubt is As per rule 2a thus above mentioned rates apply on gross amount charged on invoice less than value of the property involved in goods and vat/sales tax on above is it correct ok here party can claim cenvat credit on input services, capital goods not on input goods is it ok then fine if party his have to claim cenvat credit on input goods any other provision is there for claiming cenvat credit on input goods and one more thing is i had read it some where in case party have interested to claim all cenvat credit including input goods normal service tax rate is12.36% apply on entire gross amount including value of transfer of property involved in goods in thus case party can claim entire cenvat credit is it correct or not please clarify some one
Answer nowIf a service provider is enjoying small scale benefit and does not charge service tax in bills in such a case what is the responsibility of Service Receiver under Service Tax regime of Reverse Charges mechanism.
Answer nowHi all of you,
i am contractor(company) and providing contruction services to builder in india,for this builder is paying me some of consideration.
Now my doubt is...
1) Whether contractor(Service provider have to pay tax? if ans is yes then how much amt? and when the contractor have to pay that amt?
2)provision of ABATEMENT is applicable by fulfiling condition of whether CENVAT credit is taken arlier or not?
AND in this case my another doubt is whose CENVAT Credit we have check? Service receiver cenvat or service provider?
3)Another condition for abatement is *cost of land is not charged separately,then how may contractor know is land cost is included in gross amt or not?
4)And abatement of 75% is to whom, it is for perspective buyer or contractor or for builder....
5) how many times service tax is imposed if three diffrent contract is executed and how much of abatment is available to whom?
i) Service provided by SUB-CONTRACTOR to CONTRACTOR
ii) Service provided by CONTRACTOR to BUILDER/Developer
iii) Service of Selling of residential complex to buyer(perspective),is also deemed as service,
please solve my all doubt....i will very thanks to you if do it....
you don;t understand my querry then plz dont hesitate to contact me at .....arjun_gt2002@yahoo.com....
.....thanks you.....
Sir/Mam,
I have a query related to service tax calculation as per the amendments of july-12.
Please answer the mechanism behind the payments & availments of service tax related to manpower supply.
Cenvat credit on input service and capital goods on excise duty after amendment on 01.07.12 100% or 40% not cleared any notification please advice any notification
Answer nowDEAR SIR,
PLEASE TELL THAT IS IT INCLUDE IN MAN POWER SUPPLY IF I GIVEN A CONTRACT TO A PERSON TO COMPLETE JOB ON A PRICE BASED ON PER UNIT OF COMPLETED JOB.
REGARDS,
Can I take credit of Service Tax on Outward Transportation if:
1)Goods are dispatched from factory directly to customer
2)Ownership as per sales order is getting transferred on delivery of the goods to customer.
3) Intransit Insurance and transportation is not separately charged to customer but is included in the Total Price.
If Yes, Pl provide the relevant act and provision?
Dear Experts
From July 2012, there are certain services under which the service tax liability is to be discharged by a Service Recipient and not by service providers. For example - if a company gets services from an advocate for an on-going income tax case then the service tax recipient will have to pay service tax liability on it. My question is that the time of making online payment of service tax which category is to be selected?
Kindly reply. Thanking you in Advance
service tax fully exempted for eductional trust or not
what is the latest servicetax amendments for educational trust (For Exemption) FY2012-13
we import a machine from germany. we have received invoice agst this machine. But in invoice they shown Amount like below:-
sum of basic machine euro 994230.00
Installation charges euro 36360.00
Total euro 1030590.00
Is there any liability for service tax?
Please give suggestion, any notification please mention
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
Regarding works contracts