Hi

I am working with a transport company we render service of transportation of material through Air Cargo, one of our client who is engaged in automobile parts manufacturing has given us the contract rates inclusive of service tax and wants us that we do not show service tax in our bills separately as they are saying that it creates some accounting problem with their system.

Actual

Freight 5000
ST @ 10.3% 515
Total 5515

Practice Followed (how we prepare bill)

Freight 5515
ST 0
Total 5515

Although we are depositing the service tax of Rs 515 with the authorities but according to Rule 4A the bill should mention the details of Service tax charged.

So is it a default on our part? If yes what are the implications.

How is digital certificate selected while creating new user ID in professional category ? In new user registration page, all reqired data is being filled in, however at digital certificate selection space, it does not allow to write any thing or does not give option to browse and select the certificate. Please advice.

what are the rules regarding articleship?i have completed 2.5 years of my articleship & have availed 3 months leave for pcc.i wanted to know the criteria of leave.total leaves available during articleship.

whether tds is applicable for Clearing agent & seefreight

Good morning everyone
can some one tell me the penalty of not depositing the service tax in time & what is the penalty of delay in furnishing the STR-3

thanks

Please let me know about circular no. 4/2008 dt. April 28, 2008

I, on behalf of my company am not deducting tds in respect of payments to transporters as they have quoted their PAN

Am I required to intimate these pan details to I.T.Dept. ? if yes what would be the format-----please let me know

Hi

I am working with a transport company we render service of transportation of material through Air Cargo, one of our client who is engaged in automobile parts manufacturing has given us the contract rates inclusive of service tax and wants us that we do not show service tax in our bills separately as they are saying that it creates some accounting problem with their system.

Actual

Freight 50,000
ST @ 10.3% 5,150
Total 55,150

Practice Followed (how we prepare bill)

Freight 55,150
ST 0
Total 55,150

Although we are depositing the service tax of Rs 5150 with the authorities but according to Rule 4A the bill should mention the details of Service tax charged.

So is it a default on our part? If yes what are the implications.

Dear frnds
i have a shoping complex and i am earning income from that building ie i am let out that building to another that person deals in let out buisines. i am also possess another residential house And allso have rental income. inorder to compute my taxable income , income from shoping complex is charged either in house property or business income ? and wht are the basis to characterising business income ?

HI
Can u give me a list of new tds rate list?