Hi, we are into commercial training and computer services registered for Service Tax in 2006. Till last year end we have not collected service tax since the turn-over for services was less than 10 lakhs every year. This year we have collected tax for computer services by giving invoices and not collected for training provided.
Now, my auditor asked me to pay the collected tax amount. Fine, it has to be. We will do that.

My confusions are:

1. The Service tax exemption limit of 10 lakhs is for every year or from the date of registration?

2. Suppose next year (2012 - 2013) if my turnover does not cross 10 lakhs and I collect the same taxes towards computer services and not for training, DO I NEED TO PAY THE S.T FOR TOTAL TURN OVER?

3. Suppose if I don't collect tax at all since my turn-over is less, is it an offense?

CAN SOME BODY HELP ME CLEARING MY DOUBT SINCE I AM FROM A NON COMMERCE BACKGROUND?

Is there any change proposed in the limit from Rs10,00,000 to Rs50,00,000\- in the budget presented on the 16th march 2012 for small service providers under the service tax act
regards
jr kota

Can any1 send me a file relating to year wise service tax rates from 2002 along with cess rates year wise.

When 12% rate be applicable

We have received advance in the month of March for the services to be invoiced in April.

Taking into consideration Point of taxation rules (Rule 3 with explanation) receipt of advance is point of taxation.

Further Rule 6 (1A) requires intimation of advance payment of Service tax to Superintendent of Central Excise.

So, are we required to make service tax on advance payment and intimate Superintendent of Central Excise??

sir what is the interest rate on late payment on service tax.can we deposit service tax & interest both in one account

When we take cenvat credit in service tax return the details of credit showing in return is compulsory? If yes, under which head we can give details of credit in return?

A partnership firm engaged in beauty treatment and having service tax no. They do not show service tax separately in tax invoice. (The rate of services included service tax). Service tax amount showing seperatly in tax invoice is mandatory for all assesses?

We are engaged in beauty treatment (skin clinic) business and having service tax no. Can we take cenvat credit of telephone bill, advertisement exps, and bank/credit card charges.

Hello

Under the existing Point of Taxation Rules, 2011, Point of taxation for a CA firm is on receipt basis.

There is a change in effective rate of tax from 10.3% to 12.36%.

As per the proposed amendments and notification no. 4/ 2012 dated 17th March 2012, cash basis is available for assessees having taxable turnover of less than 50 lakhs.

My query is what is the effective rate of tax applicable when

1. service is rendered by the CA before March 31, 2012 and

2.invoice is raised before March 31, 2012 and

3. the payment is received after April 5, 2012

For above purposes, please consider the taxable turnover of CA firm as exceeding 50 lakhs per annum.

Awaiting replies

Regards

Manju Navandhar