My company is not filled return of april 10 to sep 10.That time the late fine was only 2000 & now as per new rule its increases upto 20000.I want to file the return on 20th of april .Kindly,clarify what is the actual penalty amount 2000 or 20000

Dear All
Good day and greeting
We are a manufacturing company .
We are paying service tax on both inward and outward transport . While we are availing credit for inward transport and no credit is allowed for outward transport .
Suppose our service tax liability for march 2011 is Rs 100000/- on incoming transport and Rs 120000/- on out going transport .
In this given situation how much we have to paid service tax , although i have already paid service tax of Rs 220000/- .
it is mandatory to paid service tax in cash on both inward and outward and than take credit of service tax paid on inward transport .

Thanks

The company has taken service tax registration at factory address. The commercial activities are yet to be started. It has a corporate office in Faridabad. The services tax input has been shown in the books on the services like rent etc.

Now the question is that is it possible for a company to transfer the service tax input by taking registration at Faridabad as input service distributor.
If yes then can company be able to transfer the service tax input appearing in the books before the date of taking registration as ISD.

Please advice

Dear All,

Recently we had purchased a generator for an amount of Rs. 16,54,500/-. In this bill we have paid Excise Duty @ 10.3% ie., Rs.1,54,500/-. so shall we take cenvat credit for Excise Duty portion while paying service tax to the govenment.

And neither we don't have any excise duty registration nor excise duty payable amount.

Regards

Ayyappa

Pl.guide from which date Point of Taxation rules is applicable ?
I have read in ICAI journal that it is postphoned to 30th june 2011.

Dear Sir

I am planning to start a placement consultancy and investment consultancy in Rajasthan. My annual turnover would be less than 5 lakh per annum. Do i require to register under servicce tax. IF yes then what are the formalities to be completed for proprietorship. What are the requirement for services tax registration as proprietorship.

Sir
Currently i'am not an assessee under service tax, since this will be my first bill.I've carried out bank audits during this year i.e, for the year ended 31st March'2011.The total value of services is around Rs.1.5 lacs.Do i have to charge service tax on the bill. Also please clarify on the procedure for registration including the rates for the current year.

Kindly clarify.

Sir,

One of my client co. had paid excess service tax in 3rd quarter and they come to know this mistake after paying service tax for 4th quarter. Now is it possible to file return of service tax for second half showing excess payment of service tax and asking for carried forward of credit for service tax to adjust in 1st quarter of next financial year? If yes, then is there any form or letter to be submitted with the return?

this is urgent please...

My client has not filled nil return of Service Tax return for the pariod from April, 2010 to September, 2010.

I want to know department will charge penalty of Rs. 2000/- or new penalty mentioned in the finance budget 2011.

Kindly advice me as arly as possible.

Thanks & Regard
CA Sanjay Labh

Dear Sir,

Is service tax access payment deposited adjustable in next period of tax deposit ??


Thanks
Krishna