Mr X is Exporting services to Mr B in china and receiving in foreign currency . Pls help is Mr X to give invoice to Mr B with service Tax or Without service Tax ?

Friends,

Need help....

1. Obtained st-2 in the name of my proprietory concern on 16 -3 -2012. This is the first year of my proprietary concern. I have taken registration as i provide taxable service....
2. Filed half-yearly nil return on 25 april
3. Billing to be raised of 5 lakh
4. expected annual income to exceed 10 lakh

My questions-

1. Should I charge service tax on the billing of 5 lakh
2. When should I start charging service tax?

TDS IS TO BE DEDUCTED ON GROSS AMOUNT OR NET AMOUNT INCLUSIVE OF SERVICE TAX ANY NOTIFICATION???

Sir, plz. clarify whether a firm carrying on business of construction of resi.complex can change the classsificaton to works contract service for the same complex/building during the project period? the firm not charged and paid ST till July 2010 as provided for construction services by the department. but from 1.7.2010 the firm is paying at 4% rate under works contract. is it correct?

kindly clarify..

As per Point of taxation rules, 2011 POT will be date of invoice or advance payment whichever is earlier.

As per provisions of Rule 4A of FA 1994 Service provider has to issue invoice with in 14 days of completion of service or reciept of advance.

My query is that when advance is recd. whether the invoice will be issued of the whole amount of taxable service or only to the extent of advance.

In reality it is a general practice to issue invoice only to the extent of the advance but i am confused in theortical terms what should be done.

My Company is providing "Third party Inspection" service to Ministry of Home Affairs under the category of Technical Inspection & Certification service in respect of Roads constructed.My query is that :-
(1)Whether Service Tax is applicable on above mentioned service provided to Ministry of Home affairs?
(2) Whether after introduction of Negative List and exemption list in Finance Act is there any relief from applicability of Service tax for the above mentioned subject work?
Please kindly reply as early as possible?

Note :- (1)Above mentioned service is of continuous nature and still in work in progress.Service has been started before introduction of negative and exemption list.

dear Sir
we are registered as Goods Transport By Road as service receiver liable to pay service tax & we are paying 25% of fregiht bill which not leived service tax.

we let to know that can we take credit of the service tax paid (i.e. 25 % of freight on which s.t. is applicable)

we are planning to form a new co. which will be a service organization. whether we should get it registered under service tax in the beginning only when we are not sure about the turnover that whether it will exceed rs 10 lakh... ?? after getting it registered can we avail the exemption benifit??

Sir

We are a part of a Govt Company and we have contract with transporters for stock transfer from our HQ to Branch office.We are paying Service Tax as a service receipient on the Bills raised by the transporter.The service was provided in the month of Jan'12 Bill was raised in Feb'12 and we made the payment in April'12.I want to know wheather we have to pay the ST @ 10% or 12%.Pls help its urgent.

we have to pay Service tax on accrual basis
ie) Date of Payment, Date of providing services, or date of billing which ever is earlier.

If I billed for Rs.20000+ST ie) Rs.22,060/-
in Jan 2012 and i paid the service tax in March 2012.

But i have received the payment of Rs.20000/- towards full settlement of my bill.

What i have to do?

There is any provision to reverse the amount of Service tax paid?