WHETHER WE CAN REIMBURSE SERVICE TAX?
Answers were Sorted based on User's Feedback
Answer / amit kapoor
If you raise invoice to client of rs 100 and 12.36 rs
service tax and client give you rs 100 and ask you to
deposit service tax first and submitt challan and then
reimburse service tax.
In such condition amount of rs 100 should be considered
part payment inclusive of service tax and the partly
service tax should be deposit by you.
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / rajveer
no, not at all
inthis case rs 12.36 should be paid by us to the govt.
just like reducing the profit by same amount by making
provision
| Is This Answer Correct ? | 1 Yes | 1 No |
what is the difference between Excise duty and Custom duty? and direct cost and Indirect cost with examples?
One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?
what is the differnce between sales tax and service tax?
We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?
what is Rate of Service tax and Entry of Service Tax?
WHAT IS THE RATE APPLICABLE WHEN INTER STATE PURCHASE FOR SAMPLE SALE? C FORM ISSUE OR NOT IN PURCHASE TRANSACTION?
when will submitt the c form and what is the percentage?and also hearing details?
If a contractor received the service tax amount from client and he also purchase the machinary which is used in construction, than can he adjusted of service tax amount to excise duty amount of machinary?
The Book Profit of a firm is 325600/- What is the allowable remuneration to the working partners If it is a business firm If it is Professional Firm and also let me know under what section
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
Can We pay TDS on 8th without interest if 7th is sunday?
what is the journal entry for sales on discont. what is the journal entry for purchase on diicount.