Hi

We are a firm hiring/renting buses to companies with our own buses on contract, payment for which we receive monthly. we also use the servces of other buses not owned by us on certain routes.
we charge the co service tax with abatement i.e @ 4.12%.
we pay the service tax for our buses as well as of the other buses to the deaprtment. 1 sub contactor has asked me the hiring charges along with service tax.
How can i pay him as i am already paying the full service tax recd from the co. for mine & his bus as well to the department.
Kindly help

PLEASE TELL ME THAT
1. SUB BROKERS ARE LIABLE TO SERVICE TAX FOR THE BROKERAGE CHARGED FROM THE CLIENTS ON THE BEHALF OF WHOM THEY DEAL WITH MAIN BROKER OR SECURITIES EXCHANGE.
2. IF SUCH BROKER IS INDIVIDUAL THEN WHAT IS THE DUE DATE TO PAY SERVICE TAX AND TO FILE THE REFUND.
3. IF SOME SERVICE PROVIDER OMITS TO CLAIM THE CENVAT CREDIT FOR THE SERVICE TAX PAID ON THE INPUT SERVICES IN ONE QUARTER,THEN CAN HE CLAIM THE SAME CREDIT ,WHICH IS OMITTED,IN THE NEXT QUARTER?
4. CAN THE SUB BROKER TAKES THE CREDIT FOR SERVICE TAX PAID ON ALL THE INPUT SERVICES(e.g. telephone services,consultancy services and other) OR HE CAN CLAIM ONLY ON THE INPUT S.TAX PAID TO MAIN BROKER ONLY

QUICK REPLY IS APPRECIATED.
THANKS IN ADVANCE.

As we know that Point of Taxation has been changed from 01.07.2011.

So now how to tell the tax to the assessee.

Suppose assessee had taken advance of Rs. 500000 on a service in July. So he will deposit 51500 on the same in july.

Now if he receives final payment in december, then he will pay tax on the balance.

The problem here is that if i am collecting 500000 as advance payment then whether it should be considered as inclusive of service tax or not. And if yes then the receipt that the assessee will give to his client. How will he show service tax on the same.

In case of documents required for Registration under service tax law, in the absence of NOC from the Landlord where the assessee is carrying on his business on rented or leased premises and also the electricity and telephone bills are in the name of Landlord, what remedy does the assessee have to get the registration done?
It would be really a great help from the experts to give some remedies for this practical issue!!

Mr X is a Chemistry Professor in one of the reputed coaching classes. His Gross Receipts is more than 18 lacs.

Also his TDS is being deducted under Sec 194J as Professional Fees under Income Tax Act.

Is he liable to collect service tax & pay to government?
If Yes, Under which service category he need to get himself register & collect Service Tax?

Dear sir

I am the new user of this site
pls can any one help me that i need a affidavit and also a covering letter to get centralized registration of service tax
i am unable to draft a proper language for the purpose

pls i request you to provide me a specimen of the both above said letter

i am waiting its an urgent

thanks
sachin

What is the penalty / interest payable by the assessee for non compliance of mandatory epayment of service tax.
Will the penalty / interest be waived if the assesse produces documentary evidence that the above service tax has been deposited (bank callans and not mere receipt ack) within due date.

Thanking you in anticipation.

Dear Expert,
Can I take service tax credit on maintenance of Xerox machine used in office.
We are a Railway Track manufacturing Co.

and also please tell me simple definition of Service Tax Credit.

Thanks & Regards

Mantu Agarwal
Accounts Executive
RTT (P)Ltd.

Dear Sir,
Mine is a partnership firm, if have made some advertisement expense in June11 and received a bill in June11 but made payment in July11, in which quarter i am eligible for Cenvat Credit,Q1 or Q2 under new Point of Taxation Rules. And in second case if have received a bill in Sep11(i.e. First Half) and payment made in Oct11(i.e.Second Half) how can i claim Cenvat Credit.

Dear Friends,

We have received income in foreign currency in our foreign currency account. we have converted a portion of the same into indian currency & service tax is paid on that. Whether we are required to pay service tax on the balance amount in foreign currency account or any exemption is available on the same.If yes please give me he notification no also. Please its very urgent.