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Shyam Lal Naik's Expert Profile

Queries Replied : 1861

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About me

    What kinds of questions I can and can't answer?
    Can answer queries on Service Tax. This is a new area of taxation. I do take great interest in developments in the fields. Can answer queries on Income Tax as well.

    My area of expertise
    Service Tax, Income Tax

    My experience in the area (years):
    6 years

    Organizations I belong to:
    Calcutta Industrial Supply Corporation

    Publications or writing which has appeared :
    Service Tax Review, a fortnightly journal published by Centax Publications Pvt. Ltd.

    Educational credentials:
    CA Finalist, Also pursuing LLB

    Award & Honors:


  • Rajan Kapoor says : thanx..
    Thanx shyam lal ji.... rgds Rajan

  • shruti says : service tax applicability?
    1) Company only selling Ocean freight to the shpr. for eg. ocean frt for a 20' cntr to kuwait is USD 850. This Co. adds his profit margin of USd 100 and sells to the shpr. Shpr picks up line's cntr and loads on vsl. Here Invoicing includes - Ocean Frt Terminal Handling Charges incl. Service tax [THC] Documentation Charges incl Service tax [DOC] The above THC and Doc charges are wat is charged by the line. we just collect from the shpr and pay to the line. This THC and DOC charges are open in the market in the sense that everybdy knows the THC amount charged by the port, same charged by the line and DOC charged by the line. No profit element added in this. They even dont show the word 'Service tax' in the Invoice. My question is - 1) under wat a/c head this company wl fall to be liable for service tax??? 2nd Question is, profit earned by the co. is only on freight quoted to the shpr, so is it liable for service tax? 3rd Question is, is the invoicing correct??? 4th Question is, does the co. have to pay service tax to the govt, wat it collects from the shpr on THC and DOC charges??? 5th Question is, is it mandatory for the co. to obtain service tax no?? Wat shd be the turnover to obtain service tax no? pl revert on top priority basis as co, has still not paid any service tax to the govt nor claimed any no.

  • ambika says : sir
    i was unable to understand why 194c for Car hiring can you please explain why not 194I


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