Sridhar Putta (Officer) (32 Points)
03 July 20121.Service tax is payable an issue of invoice or receipt of payment which ever is earlier.
2.Service tax is always paid by the sevice provider
3.Seperate returns will have to be filled if multiple services are provided.
4.Service tax is paable on the market value of services even if free services are provided
5.Seperate registration under service tax has to be applied for ever taxable service provider.
Ritika Pundir
(CA)
(154 Points)
Replied 03 July 2012
1. False, governed by Point of Taxation Rules, 2011
2. False, reverse charge mechanism is applicable in certain cases where service receiver pays tax
3. False, separate services can be mentioned with codes in the same return
4. False, free services are not taxed
5. False, single registration even if multiple services are provided
Kindly wait for others to confirm the above.
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 04 July 2012
CA sawan kumar
(senior associate)
(154 Points)
Replied 04 July 2012
1. False
Same is recent update governed by Point of Taxation Rules, 2011
2. False
In very few cases reverse charge mechanism is applicable where service receiver pays tax
3. False
Separate services can be mentioned with codes in the same return.
4. False
Free services are not taxed
5. False
Single registration is sufficient even if multiple services are provided. However same needs to be added in the list of services being provided with the dept.
CAclubindia
