In case of Works Contract, a consolidated invoice is raised for VAT & Labour. The client is registered under composition scheme for VAT purposes, then Composition Tax is collected @ 4% on total contract value and paid to the Government. The actual labour is about 30% of the project value. But as per ST rules, Taxable service in case of non-original works contract is 70% of the contract value. Please suggest whether he has to collect ST only on 30% of the contract value or 70% as per ST rules.

Also Can he raise two separate invoices for labour & VAT? If so, then as per COT, tax should be collected on total consideration of the contract, which will be 100% of the contract value. Then one invoice will be 100% of contract value for COT & 30% of contract value for ST, which will impact my turnover in books. Please guide.

Sir, Can we legally recover the amount of service tax of pre registration period in case we forgot to mention it separately in isssued invoice..

My client come into coverage of service tax from sep 2014, after crossing threesold limit of 10lac,
but it took service tax registration in mar2015 , and after it fillied service tax return of apr-sep 2014 and oct -mar 2015 period timely,

The question is here that the invoices we have already issued were without service tax amt,
as the amt of tax is very high my client want to recover it from the party...
but the party refuse to pay the amt of pre registration period and only accepted to pay the march month service tax amt

what is the scope of recovery of service tax from the party of ealier invoice..
is there is any scope for its recocery...
please suges..if anyone can???

my client register under section 8 in company act provide service of road devlopment in industrial devlopment 60% cost provided by govt and 40% cost collect from industries where road use so this service tax liable or not

I have taken registration for service tax. My turnover is 7,56,480/- for engineering service for Oct- march-2015. Whether I have to file NiL return or I have to show my turnover/ Gross Received of Rs. 7,56,480 and get exemption for the same.

Respected Experts,

i am engaged in exporting of services outside India which is not covered by negative list, whether i am liable to take service tax registration no. as my turnover is more than 9 lacs and submit service tax return even if export of service is exempt.

plz advice

thanks

How to pass a Accounting Entry under Reverse charge mechanism of service Tax. For eg.: if a Service Tax Provider Bill is of Rs.92474/- and Service Tax calculated @ 12.36% on above Rs.11,430/-. How one should calculate the reverse Service tax application and the TDS deducted on the same. How the same has to be shown as accounting entry, Please provide the right method of accounting. Thanks.

Dear Experts,

1. Service tax is to be paid as per point of taxation i.e as per invoice if payment is not received. However in case of assesses where service tax is to be paid on receipt basis (50 Lakhs or less in previous financial year), then in that case will service tax be paid if payment is not received? Is there any time period for non payment?

2. Also for the month of march, liabilty to be discharged by march 31st. What if subsequently payment is not received?

3. If service receiver does not pay service tax seperately, then amount should be considered as inclusive of service tax?

Regards,

DEAR SIR/ MADAM,

1) WE ARE INTO TRADING & HAVE SERVICE TAX REGN. UNDER GTA CATEGORY. AS OF NOW WE PAY FOR SERVICE TAX (AFTER ABATEMENT OF 75%)@ 12.36% ON TRANSPORT CHARGES OF PURCHASED BY US.IS THIS CORRECT ?

2) IN FEW OF THE CASES WE PAY FOR FREIGHT CHARGES ON BEHALF OF OUR CUSTOMERS AND CHARGE SAME AMT. IN THEIR TAX INVOICE (AFTER SALES TAX) AS FREIGHT CHARGES PAID RS.xxxxx. THIS AMT. INCLUDES SERVICE TAX PAID BY US TO TRANSPORTER.
IS THIS A CORRECT WAY OF PRESENTATION ? OR WE HAVE TO BIFURCATE THESE CHARGES AS FREIGHT CHARGES Rs.XXXXX + SERVICE TAX Rs.XXX WHILE MAKING TAX INVOICE. i.e. VALUE OF COMMODITY + SALES TAX + FREIGHT CHARGES + SERVICE TAX.

BASICALLY WE ARE JUST PAYING FREIGHT CHARGES ON BEHALF OF PARTY. THESE PAYMENTS ARE ALL BY CHEQUE & THE FREIGHT WE PAY IS BOOKED IN OUR RECORDS UNDER EXPENSES.

PLEASE ADVICE WITH VEIW OF SERVICE TAX.

THANKS & REGARDS,
RACHANA

Dear,

What is account treatment in tally.

Dear Sir,
I am very confused so please help me.

i have AMC service recieved, wrongly i take full cenvat credit,

at the time i had paid the S.T 50% of cenvat value.

so please suggest me what is accounting treatment.
what i do next.

service provier give invoice show full service tax of invoice.