Hi,
We are in manufacturing unit (Textile) and receiving labour services and paying service tax against the same. Someone told us if we can do the same work on the piece rate basis we can save the service tax. Pls help me to understand this. Pls give your valuable suggestion.
Regards,
Sandeep C.
From India, Mumbai
2We are in manufacturing unit (Textile) and receiving labour services and paying service tax against the same. Someone told us if we can do the same work on the piece rate basis we can save the service tax. Pls help me to understand this. Pls give your valuable suggestion.
Regards,
Sandeep C.
From India, Mumbai
Is it pure labour or with materials? There is a composite scheme for ST is available, if the services are with materials?
From India, Lucknow
From India, Lucknow
Dear Mr. Sandeep,
Instead of changing the system, you can claim credit of CENVAT against the excise duty payable on your final product. Please check the exact status in the situation with the complete facts of the case.
In case you wish to seek a proper legal / professional opinion on the same, our team of legal and taxation experts shall be pleased to help you.
Please feel free to connect,
Thanks,
Kind Regards,
Avika Kapoor
Vice President - Operations
Website: Kapgrow
From India, New Delhi
Instead of changing the system, you can claim credit of CENVAT against the excise duty payable on your final product. Please check the exact status in the situation with the complete facts of the case.
In case you wish to seek a proper legal / professional opinion on the same, our team of legal and taxation experts shall be pleased to help you.
Please feel free to connect,
Thanks,
Kind Regards,
Avika Kapoor
Vice President - Operations
Website: Kapgrow
From India, New Delhi
Good afternoon, I am an HR Manager for a Garments (production & retail stores) company in Kerala. What will be the minimum wages payable to sales people in shops as per minimum wages act?
From India, Kochi
From India, Kochi
Service tax is applicable based on annual bill AMOUNT but on the notified services.A LIST for ST applicabilty has been notified, you can check and download or write to me for list for ST purposes.Manpower supply as you explained above through a contractor is normal practice and if bill amount is going to be more than Rs.ten lacs a year, your company need to give a credit @ 14% and contractor is liable to file return compliance under his Service Tax number about the same.
Regds,
RDS Yadav
Labour Law Adviser
From India, Delhi
Regds,
RDS Yadav
Labour Law Adviser
From India, Delhi
If your company is registered under Companies Act, reverse charge apply.
Your company has to deposit 75% of 14% service tax and balance 25% by the service provider. They will claim the 25% of the 14% from you and deposit.
From India, Lucknow
Your company has to deposit 75% of 14% service tax and balance 25% by the service provider. They will claim the 25% of the 14% from you and deposit.
From India, Lucknow
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Insurance Linked Voluntary Payment of Income Tax Act 2009.doc
Service Tax.pdf