Ram Avtar Singh's Expert Profile

Queries Replied : 3078

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Kartik says : Service Tax on Foreign Charges
Dear Sir, My self Kartik, I want to about service tax liable on Foreign Charges. We have made an export and got the payment in our bank by deducting some foreign charges in USD by foreign bank. I would like to know that is am i liable to pay service tax or our bank ??

preet says : overseas listing
sir i want to know the regulation governing overseas listing of shares by indian company can u share few files . for eg indian comapny want s to list in NASDAQ/ NYSE or other exchange what are the step must follow, including exchange norms/SEBI guidelines

sumit kansal says : vat
Respected sir, pls solve my query ,i made interstate sale at 2% to customer of amount rs 50000 and tax there on 1000 in the year 2010-11 but unfortunately i did not get c forms from my customer.the state vat rate is 5% Now incometax authority wants c forms details online , my question is how i submit remaining 3% vat rs 1500 which is due failure in submitting c form ?

sumit kansal says : vat
i made interstate sale at 2% to customer of amount rs 50000 and tax there on 1000 in the year 2010-11 but unfortunately i did not get c forms from my customer.the state vat rate is 5% Now incometax authority wants c forms details online , my question is how i submit remaining 3% vat rs 1500 which is due failure in submitting c form ?

Satish Gandhi says : Service Tax
Respected Sir, We are one of the Branded Retail out let of M/s. Sistema Shyam Teleservices Ltd. The company provides voice and data services to the customers. The company offers services on certain MRP base denominations for voice and data. On our purchase the company collects Service Tax @ 12.36 % from us. Their out put is our in put and we cannot claim rebate on service tax. Our margin is 5% on every sales. On purchase of Rs.10000/- company provides us basic value of Rs.8,299.36 remaining amount as service tax. On sales we gets sales of 10,000/- but profit margin is 250/- Remaining Rs.1450.64 is service tax. On inquiry ST department explained that we can not claim rebate. My worries is that on every purchase we get additional margin of Rs.1450.64 will pile up our liability towards IT. Can we have your expert advise. Satish Gandhi jam95mts@gmail.com