20 November 2012
Dear Experts, one of my client have got service tax number in august 2012. but he is charging service tax on advance received on receipt basis for the period from april to june 2012, as his turnover is more than 10,00,000/-. so will he be liable to file return of first quarter or it will be filled from second quarter onwards. and how. please clarify me on the same.
20 November 2012
sir i have one more query in other case regarding service tax reverse charge mechanism - In case of works contract service, if receiver is corporate then reverse charge mechanism will arise. - now in this case i am service provider and sub contracting the same to 3rd person - in this i am not body corporate hence my liability is to pay service tax of providing service to body corporate my cenvat credit will be on receiving service - in this my cenvat credit is more than service tax liability - so can i demand refund of excess cenvat credit. as it is excess because half of service tax liability is to be paid by service receiver (due to this only i have excess cenvat credit from sub contractor)as it is double taxation. i think there would be definatly some way to save from double taxation Please clarify on the same
CAclubindia
