Pradeep Jain - Chartered Accountant

Dear Sir, Could you please clarify the following doubts in Service tax on works contract. 1) X Proprietor based firm is diong construction work of ` 10,00,000/- including service for Y limited company (service receiver) than what is the service portion to calculated service tax to X ? and what is VAT portion to calculate value added tax? 2) X is calculated service tax and charged it on his bill then Y limited company has to pay complete tax amount or not as per reverse mechanism? 3) As per the reverse mechanism of service tax, Y service receiver has to hold 50% of service tax amount of the above bill with him and deposit the same in Government account though registration or shall Y company has to pay complete Service tax amount to X ?

Service portion in works contract for original work is determined by 40% of total taxable value. In our case taxable value for service tax would be 1000000*40%= 400000. For computation of VAT respective state VAT laws will be seen. No, Y is not liable to pay complete tax. As partial reverse charge is applicable on works contract therefore he will be paying only 50% of total tax and rest 50% will be paid by the X. Y will hold 50% of service tax and shall pay the same to the government after getting registration. And rest 50% will be paid to X which X shall deposit the same to government.

Sir, we are a taxpayer dealing in health care services. We have been making supply on which tax was payable by us but we have not paid the same erroneously. The same has been pointed out by department recently. Please suggest whether we have to pay interest and penalty along with tax.

As per sub-section (5) and (6) of Section 73 of CGST Act, if you have made payment of tax and informed the same to the department then the department ...
Sir We are dealing in trucks. We have received an export order from foreign buyer. We wish to procure trucks from 5 different manufacturers and supply them directly to the port without receiving on our own premises. Can we do the same to take benefit of merchant export by paying tax @ 0.1%.

. Yes, as per Notification 41/2017-intergrated tax (Rate) dated October 23, 2017, benefit of notification is available only when the material moves fr ...
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Under GST regime, agriculture produce means “any produce out of cultivation of plants and rearing of all life forms of animals except rearing of hor ...
Hello sir we have made export of goods however the funds have not been realized. Is there any implication in GST regarding the same?

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Tax payer being a company, is in one state (state -1). However vehicle carrying his goods is caught in another state (state-2) where the company is not having any registration. Company paid penalty under temporary registration ID created by the officer of state-2. Now, company wants to file an appeal but don’t have any temporary registration login credentials. How to file appeal in such a case?

. In the given query, after the interception a temporary ID was created by officer of state-2. However, the login ID and password of temporary registr ...
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As per provisions of GST, where an e-way bill has been generated but goods are either not transported or are not transported as per the details f ...
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Under GST law, one of the most important elements is the classification of goods/services for the purpose of determination of rate of tax to be l ...

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