Please tell me that if advance is taken for performance of some services and service tax is collected @ 10% during F/Y 2011-12 and deposit the same and services are invoiced during F/Y 2012-13(inclusive of service tax)@ 12% as applicable which results in loss of revenue 2%.

My query is- is there is any clarification for it in the upcoming and amended Service Tax Rules.

Dear Sir
As per CBEC Circular no.154/5/2012 dt28.3.
we have paid s.t. 33lcs for the period of 2011-12 & we have raised march bill in apr-12 and for march bill payment we arr not recd., coz we are raising this month my doubt is
1.rate of tax 10.3 or 12.36(march bill)
2.can we get point of taxtation (i.e.on rect.,basis) as per recent circular or rule 7 2011

Dear All
service tax payable on 31.03.2012 paid on 08.04.2012 what will be the interest amount and how to calculate

please guide

thanx

Respected Everyone,
I need clarification regarding Service tax input credit.
1.A firm have availed input Rental Service in the sense it had paid service tax on Rent of immovable property.
It consists of Workshop and Sales division.
Wether whole input tax credit can be taken without any limitation?
Please suggest me.
Thanks in advance

Dear Sir,

We are the publisher of Magazine. We sell the space of advertisemnet in our magazine. We sale the magzine to our member. Service tax is applicabe or not as per new provision given in budget. Currently we are not charging any service tax.
Kindly advice in detail

dear sir

let me know what is effective date of hike service tax @12% 1.4.2012 or ??????

Dear Sir
machinery service in the month of march but billing in apr-12 which % we have to take


with thks in adv

I Have rented my godown @ Rs 7000/ per month to a proprietor ship firm.How much sevice tax should I charge him for F.Y 2011-2012.I need urgent advice

As per the Notification withdrawn, new service tax rate of 12.36% is applicable.

And as per Rule 7 of POT Rules, 2007 in case of specified services, Point of Taxation is on receipt basis.

What shall be the effective rate of tax for the services provided by them & bills issued before 1st April, 2012 for which payment is still not received ? POT shall be after change in rate of tax....on receipt of pymt basis...
As on the original bills issued earlier Rate of Tax charged would be 10.3% ?

Old rate or new rate shall apply for the services provided before change in rate of tax & bills issued ?

If a service provider provides two types of services and he delays payment of service tax by 4 days then what would be penalty of Rs.100 per day u/s.76? Is it 4days X Rs.100 X 2 services = Rs.800/- or 4days X Rs.100 = Rs.400/-?
If its Rs.400/- then what would be accounting code for the penalty as there are different codes for penalties for different services.