From 1sth July’12 onwards directors remuneration will be treated as professional service & TDS will be deducted u/s 194 J.

Now Govt. declared negative service tax list which is applicable from 1st July’12 & they have not excluded directors remuneration.

If a company is paying more than Rs. 10 L as a director remuneration to its director , will director is liable to pay service tax, as threshold limit is Rs. 10 L?

Hi, I have not completely understood the concept of reverse charge method - is it like:

eg in case of supply of man power, if bill is 1000

service provider will have to pay on 25% of 1000 @ 12.36% = 31

&

Service receive has to pay on 75% of 1000 @ 12.36 = 93.

& Service provider cannot collect the amount that he has paid ie 31 as he was collecting the entire 12.36 % on total amount earlier..?

Pl confirm..Thanks.

Recently Advertising agencies are exempt from levying service tax on revenue from advertising. One of my clients constructs bus shelters on it and earns income by giving contracts to corporates to put their advertisements on the bus shelters. Does the client come under Advertising agency and can claim exemption under the said notification

Is service tax is exempt on advertisement services for f.y.12-13?
its urgent.............pls reply fast

Sir,

If The Transporter pays the Service Tax,whether The Consignee/Consgner can Claim this payment????????

We are paying Service Tax portion separately for a party. TDS to be deducted against the same? Assume TDS earlier deducted from Bill amount without considering Service Tax portion

Hi! i want to know the rate of service tax applicable for the period from 1.4.12 to 30.06.12. Is it 10% or 12%? its urgent Please help me out.

As per old rules, abatement on GTA was available @75% i.e. service receipient is required to pay service tax on 25% amt.

As per Notification no.26/2012 abatement is available @25% ? It means service receipient is liable to pay servie tax on 75% amt.?

Dear Sir/Madam

We BHR solution are registered partnership firm. We have registered our firm under management consultant (service tax). Our business is mainly into outsourcing.

Will the Notification No. 30/2012-Service Tax be applicable to us? As the notification say as "services provided or agreed to be provided by way of supply of manpower for any purpose" to pay 25%.

WE ARE PROVIDING TOUR & TRAVELS SERVICES LIKE HOTEL ROOM BOOKINGS, TAXI BOOKING,E-RAIL TKT,DOMESTIC AND INTERNATIONAL AIR TKT,VISA, FOREX ETC.

HOTELS ARE ISSUING BILLS TO US BY CHARGING SERVICE TAX @1.09% WHICH IS SOMETIME SEPARATELY SHOWN IN BILLS AND IN SOME CASES THEY ARE ISSUING BILLS AT NET FIGURE BY MENTIONING "INCLUDING SERVICE TAX" BUT NOT SHOWING EVEN SINGLE FIGURE OF SERVICE TAX CHARGED.

CRUX OF THE PROBLEM:

(1) WHERE SERVICE PROVIDER IS NOT SHOWING SERVICE TAX FIGURES/%RATE IN BILL WHETHER WE CAN ASSUMED THAT THE SAME IS INCLUDED SERVICE TAX AND SO MAKE BACKWARD CALCULATION OF BILL AMOUNT TO GET SEPARATE FIGURES OF BILL AMOUNT AND SERVICE TAX CHARGED BY HIM (AGAINST WHICH WE SHALL TAKE INPUT TAX CREDIT)

(2)THERE ARE MANY SERVICE PROVIDER WHO ISSUE BILLS TO US WHICH NOT CONTAIN BILL SERIAL NO., AND/OR SERVICE TAX REGISTRATION NO.AND ALSO THEIR BILLS ARE NOT IN PROPER FORMAT WHICH SELF SEEMS TO BE INVOICE .

PLEASE REPLY ONLY IF YOU POSSES GOOD COMMAND IN SERVICE TAX