In case of reverse charge mechanisim when a contractor submits its invoice according to his valuation, will the service recipient be liable to check/verify contractors valuation and then pay service tax as per reverse charge or shall he pay service tax as shown in the Invoice without verifying. Also can he correct the valuation or adopt the valuation rules and deposit tax. Please clarify

will security service provided by a limited or pvt ltd. company fall under reverse charge machenizm??? if not why???

Dear Sir

We would like to inform you that we have simple partnership Firm and not registered in central Excise, Can we have required to get a registeration in Sr. tax for deposition of Service Tax on Freight payment.

we know about service Tax rule earlier 01-07-2012 i.e, service Tax on freight liable to Pay by consignee if they are a Registered Partnership Firm and also registered in Central excise As a Dealer, and a Private limited Co.

Dear Experts,

As on 31.03.2011 the balance sheet of a private limited company was showing Service Tax Refundable around Rs. 150,000 (Accrual Basis). While Service tax Return till 31.3.2011 was filed on Cash basis. So what should the the treatment of this ST Refundable in Balance Sheet- a) Can we adjust it against the ST Payable during the FY 2011-12 (Point of Taxation Rule applies and Return is filed on Accrual Basis) or it will be written off in PL? Please suggest?

Dear Sir
I want to know the Notification/circular which is arise from 01.07.2012 for deposit of Service Tax. what are changing in deposit service tax for the Current period 01.07.2012 to 30.09.2012. regarding 40% or 60% ?

Please solve the above problem.

I shall be very thankful to you for the same.

We are a proprietorship firm only receiving service from manpower contractors and does not provide any service to anyone but from 1/7/2012 latest notification service receipeint also had to deposit service tax partially.

Now I want to know that is there is any exemption that if a firm is proprietorship then they are not liable to deposit service tax and only service provider has to deposit.

And if no then we will deposit service tax in which name our own business or in the name of contractors i.e.challan should be filled in the name of our co. or contractors?

Please reply ASAP.

Suppose, I have taken a shop on rent from a builder in a commercial centre for which he has raised the bill of lease rent charging service tax. And I'm a chartered accountant firm raising bills to my client charging service tax to them.

Now, my question is whether am I eligible for cenvat credit of service tax charged by the builder to me?

Please provide the answer with supporting of rules and provisions thereon.

Good Morning All,

one of My Client is Corporate,it has three directors,one director working as managing director and sitting whole time and get remuneration of rs 13,80,000 per annul and two other director get remuneration of 8,40,000 each not sitting full time

my query is that service provided by all director. service tax payble by corporate under reverse charges machanisim

Kindly clarify whether Service Tax is payable or not: -

1. When a person is rendering services which are taxable and in negative list, whether for considering exemption limit of Rs. 10 lacs, only the taxable services should be considered.
2. We are paying subsidy to the canteen contractor for running the canteen. Whether he is liable for service tax thereon?
3. Interest on security deposit received from dealers is not taxable as in negative list.
4. Packing charges and insurance charges collected in sales invoice for goods sold. Whether taxable?
5. Service Tax will be leviable on Directors fees and expenses like traveling reimbursed to them on reverse charge basis. If the air ticket for travel of Director for Company's work is arranged and paid for by the company directly to the travel agent, then service tax will be collected by the travel agent and the company will have no liability thereon on reverse charge basis.

Thanks a lot.

If management decides today that for a particular service bill needs to be raised on customer from 2006-07 onward then what should be the rate to be charged on that Invoice.

For Eg.On 01.08.2012 management decided that invoice to be raised for taxable service on Party "A" from 2006-07 till date.
And Invoice is prepared on 25.08.2012..what should be rate of service tax to be charged on bill.

whether tax to be charged as per the respective year rate like in 2010-11 it was 10.3% and now its 12.36%????