kamal Jangid
10 October 2009 at 16:09
Dear Sir,
One of our clients paying Service tax on billing basis i.e. he paid whatever he service tax charged on previous month billing irrespective of receipts of bills payment..
(He is paying service tax on monthly billing i.e. at the end of month he calculate service tax on previous months billing and same depositing to Department.)
When i audited clients accounts i faced some problem:-
1. Payment of Service tax:-
As per service tax Act, there is no Specific Rule/Section that service tax can be paid on Billing. As per Act it will considered Advance Payment of Service tax as per Rule 6 of service tax Rule, 1994. If we paid Advance service tax we are required to give details of Advance payment and adjustment in Return of Service tax as per section 70.
Details of such adjustment and reason their of should be intimated to Jurisdictional Range Superintendent with in 15 days.
However Clients had not taken any apporval and no adjustment shown in his return.
2. When he write of any debtors bill he also write back service tax amount charged on bill at the time of billing irrespective period of bill.(Although he had been paid service tax at the time of Billing on the same bill but now he is taking credit at the time of write back of bill)
3. He is taking 100% Cenvat credit on input service received by him on Payment of service.
Please suggest on the above all three matter . Is it can be carried over or not in future (as per clients in this field every service provider following this practice)
Thanks & Regards
Kamal
ravi pratap sharma
09 October 2009 at 08:02
My dad (Army Retd.)unfortunately died on feb09 and hence my mom started getting a family pension. I want to know about which ITR and the taxing, what benefits can be claimed, what if the 1 lac limit in s.80 is not claimed any other way like gift to her son, or daughter in law or grandson. what are other benifits if the annual income comes to 3lac including "income from other sources" eg interest, income from house rent etc.
tapan ketan das
09 October 2009 at 06:54
How the VAT & Entry Tax return forms can be downloaded in computer & can be used (copied & pasted) for filing of monthly returns of different parties ?
dinesh batra
08 October 2009 at 14:56
We are manufacturer of Thermal Imagers (A equipment to view in the night)in Karnatka. Waht rate of VAT will be applicable on this and under which classification.
Thanks in advance.
Dinesh Batra
p k kapoor
08 October 2009 at 14:11
As per Income tax Act (section 192),tax is required to be deducted from salary. Such TDS in case of a GOVERNMENT EMPLOYEE is required to be deposited same day and in case of OTHER EMPLOYEE, TDS is to be deposited by first week of the following month.
MY QUERY IS:
whether an employee of an autonomous body under a Ministry of Government of India, can be treated a GOVERNMENT EMPLOYEE for the purposes of Income tax Act as referred to above.
Thanks in advance
sanjay kumar Soni
06 October 2009 at 10:34
What is the best form of business entity i.e. Society, Trust or Company for running schools, colleges, other Educational activities at large scale.
Ajay Goswami
06 October 2009 at 10:06
A coop Soc Ltd has get its account audited before 30th Sep 09 but could not submit the return before 30the sep09.
now what are the consequences of late filling:
whether the TDS refund can be claimed by filling ROI after due date?
Whether 44AB penalty will be imposed i.e. half % or 100000
VINOD KUMAR SEHGAL
05 October 2009 at 12:41
Delhi High Court by its judgment dated 18/04/2009 allowed the petition filed by Home Solution Retail India Ltd, a pantaloon group company challenging the levy of Service Tax on the renting of immovable property. As I have taken liability for service tax on rent for city show room at Ludhiana. Please let me know, whether payment is to the made or not.
DAMUKUMAR.S
04 October 2009 at 16:54
While calculating 10 lakhs per annum rent of each unit in a building clubbed together.
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