As per Notification No. 16/2017-Service Tax , importer is liable under reverse charge to service tax on ocean freight for CIF contract.
I have to query regarding this:
1. what will the value of service on which service tax will be calculated?
2. Whether Service tax paid by the importer is eligible to book Credit by importer and whether importer can utilize this credit to discharge his service tax liability on the following services:
a. Renting of immovable property
b. Business auxiliary service
c. Legal and professional services

Please resolve the above queries.

Thank you

I want to register a firm on my name for everything commerce, please tell me how to do and how many days it will take?

Hi,
TDS certificate (from TRACES) is made available only once final? Or is updated as and when TDS collected is deposited?

TDS pertaining to PY, deposited in some future year will be updated in TDS Certificate of the PY itself? Can we take refund of such TDS? How?

If an assessee make payment to bank in cash in excess of 20000 to make a DD in favour of creditors for an expense

Is there any consequences as per Section 40 A(3) i.e this expense is allowed or not ???

In today's IT&SM exam, i forget to bubbled the roll number in my SM booklet in IPCC but i written my rollnumber in words in the booklet. I had written and bubbled (both) in my IT booklet corretly.
Is the board valued my answer sheet ?
Is there affect on my result ?

Please reply me as early as possible....
Please help me with this.

Party which he taken 20,00,000 loan at 12% on 7.3.2016 so i need working of interest & TDS for conformation

Dear Friends
assalamo alaikum

ABC Private Limited Company is holding her own processing plant of butter,cheese and other milk products but the suppliers of raw material are not accepting cheque payment against the delivery of the material because most of the suppliers are quite unknown to us. Those who are known to us are ready to accept cheque payment but their rates and the quality of their material both are not satisfactory.

In such situation whether Rule 6 DD F for cash payment provision is applicable.

Please guide me and oblige.,

yours tarique rizvi
982 1630 130

If the Civil Contractor has given bill for Supply of material and Providing the service for construction work. whether the service bill can fall under work contract and whether they need we need to pay service tax under RCM basics if the provider is Individual and recipient is a corporate.

I have a business with turnover of less than 2 crores and I don't want to go through 44 AD. So I am through sec 44 AB and I am paying interest of 2 lakhs without TDS. can I do like that or to deduct TDS? Thanks in advance

Hi All,

Please let me know can we deduct TDS on Supply of medical goods, supplied by third party.
If yes, kindly let me know under which section to be deducted.