I had given Advance payment of Rs. 2.51 Lacs to our builder for the premises which is under construction. I received a letter that "You have paid Rs. 2.51 Lacs towards your office out of which out of which we have paid Rs. 6,301/- on yr behalf as Service Tax."

Pls let me know what should be the Accounting Entry I have to pass in my books for Payment to Builder and for Service Tax ? [ Specific accounting entry would be helpful to understand.]

This is my first year of Consultancy and I did not generate any revenue. Then also I am liable to pay such service tax ?

If not, what should be the process to get this refunded ?

Will Builder charge me Service Tax on all my payments ?

Dear All

One of my friend was just registered with service tax department voluntary (even though he has not crossed the limit of exemption)
My query is still he can enjoy the basic exemption limit of 10 lakh while charging Service Tax to the client (ie need not collect ST from the client till he crosses the limit of 10 lakh )

Is there any restriction that he should not collect during this period , if he is willing to collect and pay to the department

Should he need to file NIL return during this period

Thanks in advance

My client is a pvt ltd company.In financial year 10-11 it received service and has taken input credit.At that year 10-11 it has no output service.The same input credit carried to 11-12.Again the company is not expecting any output service in 11-12.

1) Can we charge the input credit to P/L in 11-12.

2) Will it not amount to prior year expenditure in 11-12 which will be disallowed as per income tax act.

Can the company claim service tax input credit payment of mobile bills which is addressed in the name of the employees

hi Experts

I have an query regarding service tax,
cenvat credit utilization on service tax paid on hiring vehicle bills.
my company is telecom industry , we hire several vehicles for the management works ,like providing vehicle to seniors officials and maintenance works....we paid our contractors service tax on their monthly/quarterly bills..
earlier we were taking cenvat credit on these bills, now service tax authority told us not to take cenvaT credit on hiring vehicle bills , it can recover from the company....is there any recent ruling or modification in this regard....please help me with relevant ruling or circular ...

thnks in advance

Dear Sirs
kindly advice regarding the professional tax applicability :-
a private ltd company resiterd under factories act situated in mumbai. whether Directors who have completed their age of 60 years are eligible to be exempted from deduction of P.Tax.
partially (50% ) handicaped who has gotten his claim from Insurance company@ 50% partially disabled (his left hand's Palm is crushed ) is exempted of P.Tax.
kindly advice
regards
shailesh pandey

My client is a private Ltd company.It receives port services.The company doesn't provide any service.While filing service tax return

1)Will it show Nil in st-3,(Cenvat credit taken and utilized column) as the company can not take credit if it doesn't provide output service.or

2)The company cannot take service tax credit or after taking credit the amount of credit will be charged to P/L.

3) If nil return will be furnished then how the party which is providing service will pay service tax.

My client is a private Ltd company.It receives port services.The company doesn't provide any service.While filing service tax return

1)Will it show Nil in st-3,(Cenvat credit taken and utilized column) as the company can not take credit if it doesn't provide output service.or

2)The company cannot take service tax credit or after taking credit the amount of credit will be charged to P/L.

3) If nil return will be furnished then how the party which is providing service will pay service tax.

Service Tax on freight Outward or Inward is paid by whom :-

1.If Service Provider and service receiver both are company.

2.if service provider is company & service receiver is Partnership Firm

Dear All,
I have an important and urgent query.

An automobile company is liable to pay commission including service tax to their agents. But suppose instead of paying commission, if the co provides the spare parts in exchange of commission payable, then can the company can claim input credit on the commission payable.

PN :- The amount paid as spare parts are always higher than the commission payable.

Please reply ASAP

Thanks in Advance
Regards