Dear All


What is the tax implication on transportation charges when I incurred transportation charges on behalf of client, at that point of time we have paid service tax on transportation charges under reverse charge mechanism on the value of 25% .

but when we reimbursed it from client and show as sales at that movement whether we should charge service tax on it or not.

Ex.

Transportation charges paid to Goods transport agency Rs. 60,000
ST on value of 25%(i.e.60000*25/100*12.36/100) Rs. 1854


Sales bill to client
Goods value Rs.5,00,000
Transportation sales Rs.60,000

I have read that in restaurants service tax is chargeable only on service charges and not on total food bill. Is it correct? If yes then kindly give reference to the relevant clause of the act so that I may keep the extract of the same with me and show it to the staff there. If some restaurant does not charge "service charge" in that case is any service tax is payable?

SIR, I AM CONFUSED REGAEDING SERVICE TAX ON MUTUAL FUND COMMISION . WHO WILL PAY SERVICE TAX OR ON WHICH AMOUNT

ACCORDING TO ME MUTUAL FUND AGENT WILL PAID SERVICE TAX ON COMMISION EARNED BY HIM

BUT FROM WHOM HE WILL COLLECT THIS AMOUNT

PLEASE CLARIFY THIS

what if in work contract vendor does not bifurgate service portion in invoice?is it fall under rcm?

Hi,

We are a trading company and tax audit concern. If We are receiving commercial rent for month Rs.80,000 per month (2014-15).We raised sales invoice including freight charges.ie.freight amount exceeds Rs.195000/-(Approx). We are providing labour charges and raised labour charges invoice.ie total value of labour charges received Rs. 475000/-(Approx).
My query is..
1.Do we have to collect service tax and pay to government?
if yes,then
2.what is the procedure for service tax filing in my case?

WE HAVING ONE CLIENT WHO GIVEN BUILDING ON RENT TO THE NATIONALIZE BANK.THE RENT RECEIVED BY HIM TILL DATE IS 9,50,000 ON NEXT MONTH HE WILL CROSS THE 10,00,000 RS.SO HE IS APPLICABLE FOR THE SERVICE TAX.NOW PROBLEM IS THERE ARE TWO FAMILY MEMBER ARE ON PAPER OWNERS OF THIS BUILDING.ON THE NAME OF BOTH OWNERS THE REGISTRATION WILL BE MADE.BUT IN THIS CASE WHAT WILL BE THE CONSTITUTION FOR PARTNERSHIP OR OWNERS.PLEASE REPLAY FOR SAME ..ADVANCE THANKS TO THE EXPERTS TEAM

One granted college runs special batch for the bright students who secured above 90% marks.
They collect fees from them and arranges extra lectures from the faculties from college as well as outsiders.The fees collected is expended to pay remuneration, exam material etc and some surplus remains. What is the liability under Service Tax. Is this covered under Negative List and exempt? Please opine

some tips and easy way to understand service tax.

We have a service tax registration in single name.now we want to open a new branch of our firm and want to add it on same registration number. please tell me procedures to be followed by us

Dear Sir,

Receipts of Works Contract Service during the year = Rs.30,00,000/-

Which of the following method should be used for calculating service tax liability

1. (30,00,000-10,00,000) x 40% x 12.36% = 98,880/- or

2. [(30,00,000 *40%) - 10,00,000 ] x 12.36% = 24,720/-

Kindly guide in this matter at earliest if this is first year of business.



Thanks.