Dear Sir/s,
Kindly let me know the following clarifications :
1. Our's is an advertising agency. we will take orders from clients to publish ads in news papers / magazines. Against the bills submitted by news paper / magazines publishers are charging service tax. We are also collecting service tax on our bills from our clients.

2. My query is can we take input credit of service tax which we paid to news papers / magazines publishers against our bills, collecting service tax from clients apart from the other service tax credits i.e., telephone, bank charges, etc.
Please let me know immediately. Your immediate response would be very helpful to me and appreciated in this regard.

Regards,

S.V.S.C.SEKHARA SASTRY

An advertising agency has received incentive from newspaper for achieving certain turnover. No bills were raised by the agency. Newspaper had paid the incentive through Debit Note. The agency has no say in choosing a particular newspaper for placing advt of its clients. is the agency required to deposit service tax on the incentive amount. This incentive is apart from the 15% commission being recd from newspapers being an accrediated agency.

We have AC restaurant and we allow customer to bring liquer along with temperory liquor license from excise department. Should we charge S.Tax on our food & Breverages Bill?

Kindly rpl ASAP.

Once we file service tax return online, is it necessary to file the acknowledgement before the Superintendent manually?

I have submitted Form ST-1 to the service tax department on 11.5.2011,and have received ST-2 by email on 13.5.2011 which is not stamped & signed.. I want to know,by what tym i wud get dat in physical form??

If a company is registered already and collected tax & filed returns under the act for the past 5 years even when the total services provided does not exceed the limit of Rs. 10 lakhs every year.
Can they claim an exemption during the year as turnover does not exceed the limit of Rs.10 lakhs??

Service tax on 5 invoices paid twice in the month of Feb-09 & Mar-09. The amount is around 98 lakhs. In the ST3 also this wrong payment is shown, that is 5 invoices are shown twice as revenue.

Please give your valuable opinion on this issue, how to take back the excess paid.

Thanks in advance

sir if an assessee has not filed the return for the financial year 09-10& 10-11 whether the assessee is liable to pay penalty of Rs.20000 each half year or Rs.1000+100 per day beyond 30 days till the last date of filing subject to maximum Rs.20,000.. beacause it is effected from 1.04.2011.

if we took another view ie. return file beyond 30 days from the prescribe date which is 25/04/2010 then he is undoubtedly liable to Rs 20,000 as penalty.
now my question is whether penalty will be 2000 for the fin.year 09-10 or Rs.20,000
Kindly suggest me in this regard.
thanks

hello sir,
i want 2 know what is GAR-7 form? what is it use? is it different from tr-6? and is it use only for service tax or for a excise duty? please tell me whole info about this Form bcoz i am so confuse in it?

As per Finance Act service tax is to be deposited at the time of actual receipt of invoice value.
If we discounted these bills from our bankers or sold to a factor. When should we deposit service tax?
At the time of bill discounting/Factoring or when actual payment remitted by the customer/debtor to bank.