hetalsangoi
09 July 2014 at 11:52
When my father has purchased the property that time consideration is paid along with fsi right . Now I want to sale the fsi . Is tr of fsi to third parties a capital assets transfer? If yes how to classified the my property purchased cost between structure and fsi . When I go through the agreement there is no separate consideration calculation for fsi . Pl guide me
Neeraj Kumar Giri
08 July 2014 at 23:46
Respected Experts,
Kindly give your advice :
I am a business man and engaged in my business of work contract since 1996, and use to provide service of work contract in Eastern Coalfields Limited and other Private Institutions, I use to quote Tender for the work order,and my turnover in the F.Y.2012-2013 was 35 Lakhs, without charging any service tax & 2013-2014 was 95 Lakhs, without charging service tax in Invoice, against which the Employer use to deduct 2% TDS for Income Tax and after deduction they pay me by cheque. Before getting registration in Service Tax, I have not raised any Service Tax from the Eastern Coalfields Limited,in non of my bill. After that on 01/04/2014 I have registered myself under Service Tax and got the Certificate from the Superintendent. Thereafter, on 02/05/2014 a notice of enquiry has been served by the Range Superintendent of Service Tax, to me, requiring to furnish the last 5 years Balance Sheet, Profit & Loss A/c, Bank Statement, TDS certificate, Work Order, etc. In this case I meet my consultant to sort out the problem, then he approached to the Superintendent with all relevant documents, the Superintendent told him that, I have violated the general rule of Service Tax and have registered too late. Hence, I have to pay the due service tax because I have crossed the threshold limit in F.Y. 2012-2013, have to pay the Service Tax which will be about 12.36% of 35 Lakh.
Under such circumstances please provide me reasonable answer that what is the solution for this, my pleader contended that the I have not collected service tax from the employer then how can I pay such huge amount.
Is there any Judgement or reference in this regard.
Thank You to all experts.
Please reply.
govind mittal
08 July 2014 at 10:44
sir, I am a registered coal trader in c.g. state. I purchase coal from secl. secl sales coal in two conditions 1. coal for within state in which they charge 5% vat. 2. coal for other state in which they charge 5% cst without c form. in both conditions this is printed in d/o . sir my questions is when I purchase coal for out state and mantion that I purchase coal for state u.p and w.b , then secl issue the d/o for the same charged 5% cst. some of the official of sales tax tells that you have to pay the vat of 5% because u sale this coal in c.g. for delievery in u.p. . I tell this thing to many traders they all says sales tax officer tell him to do that also. I am puzalled when I purchase coal for out state and sell it to out state then why I have to pay cst, when I pay cst for that in full 5% rate. what I have to do, what I mention in bills I issue, if I have to collect cst and pay. what the rule says, . problem is when a trader purchase coal for state he has to pay vat @5% . he stock it and than sales to other state @ 5% or @2% with c form , than he is intitled to clam itr of tax . if I do the same they told to pay extra cst of 5%. please help me in this. if any book available in hindi in cst than suggest me. if any sitetion available ple refer me.
ron
06 July 2014 at 23:09
Dear sir,
I want to know that can i do job and business togather. Rite now im working in icici bank and want to do business as well. So is it possible or not. If not possible then why not possible.
Will be eagerly waiting for your reply.
Gaurav Gujrati
05 July 2014 at 11:47
Dear Sir,
If a Builder is giving free area to existing member of the society over and above the current area. and also collect service tax (the rate whichever is applicable) from the members for the consideration received on extra area and deposit the same to the authorities.
Is Service Tax applicable on the free area given to the members. ???
Thanks & Regards
Gaurav
Rupesh
04 July 2014 at 16:30
One my client purchased a residential plot in 2009 and construction completed in 2013 and sale it in 3 parts as floors. First sale of one floor in March-2014 and another two floors in April & May-2014. In which way we will take capital gain. will take plot as long term and construction cost in short term capital gain?
Please clear
monish
04 July 2014 at 15:21
Sir,
Whether service tax would be applicable on Cheque dishonored charges recovered from the customer under following circumstances
1)When only actual amount of charges are recovered(Cost-to-cost reimbursement)
2)When Higher amount is recovered from the customer(e.g.Rs.50 are charged by bank but Rs.150 are recovered from the customer)
avneesh
03 July 2014 at 02:25
please provide me format of form 'R' and C.A. declaration regarding service tax refund
avneesh
03 July 2014 at 02:04
1.a firm had taken two service tax registration certificates.for exm
2. but the firm is using only new 2nd st-2
3-but by mistake said firm had deposited rs 100000 in first ST-2 n. which is not in use.
4- while firm has been deposited correct taxes on 2nd st-2 no. which is in use
5-please tell me what is procedure for refund of service tax which has been deposited on first st-2 no. which is not in use
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Profession tax in maharashtra
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For NRI non executive director,whether profession tax in maharashtra is required to pay.our compnay is registered in Maharashtra.