I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap

0 Answers   ABB, Chartered Accountant,

---

company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why?

1 Answers   vguard,

---

what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?

1 Answers  

---

what is the present tds rates?

4 Answers   PWC,

---

Please tell me the process of generation of TDS in Tally ERP-9 with an Example

0 Answers   Hitachi,

---

If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?

0 Answers   iNova,

---

Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

0 Answers  

---

in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?

1 Answers  

---

we purchased material from other state without waybill, can we get c-form without waybill?

1 Answers  

---

What is the Tax Deduction at Source for the year 2008-09 ?

8 Answers  

---

IVrth quater tds return file last date

3 Answers  

---

What is Rates and Taxes?

1 Answers   Emami,

---