09.05.2011

Dear Members ,

I have a querry . We are an outdoor advertisement company . So far we pay service tax based on collection basis . Ie we raise the bill for exmaple in april 2011 and we will receive the payment only after 3 to 4 months . When we receive the money against that bill we use to pay the service tax during that quarter's collection .

But today some one told me that from 1st of June 2011 onwards , we need to pay the service tax on the basis of billing and not on the basis of collection .

Can someone help me on this with an answer whether it is on collection mode or on bill mode .

thank you

sukumar

Dear Experts,

Let me know, is it necessary to get Signature & Seal of Issuing Authority on ST-2 sent by email.

Thanks in Advance.

Pl answer my query is that.. if hotel room rent is RS.1500/- and after giving discount of Rs.600/- to the customer we received Rs.900/-. On which amount service tax should be calculated i.e on Rs.1500/- or on Rs.900/- the expert comment is solicited.

Hii all,


I am CA final student and desires to set up own practice after clearing ca course in the field of service tax but i don't have any idea about this field and had never worked in service tax. Rather i have been working in income tax {not more than filing returns, etc.} as an article trainee as my employer has only this work for himself also.

Still i wish to go in field of service tax as we all know it is damn vast field and also most futuristic.

And also i don't think there are much people practicing in service tax wholly in Jaipur and if they are, they will not be ready to impart training.

My query is their any materials available in the market through which i can learn and then slowly gaining experience setup my practice.

Please people help me out !!!

Hi..

would like to know that we will be billing our client in foreign currency for rendering services of Air Ticketing for our clients.

Do we need to charge taxes (Service Tax) or its only gross amount.

Please revert.

Thnaks,
Prashant

The Partnership firm is having Service Tax Registration under Work Contract.Firm Undertake Construction Contract from Difference Companies and Gove Authorities. Recently one Contact of 2 Cr is awarded from School. The School is not ready to pay service Tax.(Is there any Exemption for Service Provided to Charitable Trust(School?) or party has to pay Service Tax from his pocket. If Exempted what is procedure & what proof required from the Schhol?. Either to claim refund or not to charge & Pay Service Tax on such Services.

STATUS :

Co is into education service :
Provide Personality Devlopment Training to colleges. Total bill raised 50 lac + ST this month and recieved 55.1 lac (515000 as ST).

Co has taken infrastructure service from an engineer worth 20 lac + ST and service worth 25 lac + ST from maintainance co, total ST to be paid 463500,

QUERY : Now may this ST to be paid (463500) may be adusted through the ST already paid (515000)?

How to do it , shld a total payment of only Rs. 45 lac be made without ST ?

Dear Experts,

Can you please clarify the following queries

1. Below mentioned Service tax payment due dates is correct or not.

5th of next month by cash / cheque mode
6th of next month by ECS mode
On march - due date is 31st march of the same month.

Payment made by TR 6 Challan

2. Filling of return
ST 3 for half yearly once 25th of Apr / Oct

3. In hotels, we require to file any other service tax return for monthly / quarterly

Please clarify the above.

With Regards
R Saravanan

Dear Experts

I am starting interior decoration business. Should i get my self registered with service tax. if so, can you tell me on what amount i should charge service tax & on what amount i should charge VAT ( Karnataka VAT). can i claim any abatement?

General Insurance is a taxable service. Under general insurance there is a arrangment called "Coinsurance". Under this the Insured decides the Leader Inusrer who would receive the full premium and service tax on the full premium. The Insured also nominates a coinsurer for this policy with certain percentage for premium. The Leader Insurer passes in the premium of the coinsurer and also shares the claim, if any, in the pre-determined ration. Now the question is as regards service tax. In our country sicne inception of service tax, the Leader collects full service tax on the full premium and remits the same to the government. The coinsurer does not pay servide tax on its share as the same has already been paid by the Lead Insurer. Recently the Senior Officers of the Service tax Dept who conduted audit of our record (a general insurance company) wanted to khow the legal basis of this practice. Can anyone help please ?