Whether bank can avail input tax credit on its courier bill, telephone bill and other expenses on which it has paid the service tax.

In one of my bank client, department is taking a view that while the bank is taking the exemption benefit of the service tax on CC/OD or Term Loan interest it can not claim the input tax credit.

i have given certain services of rs 30000 for which the 7500 is advance received on 4/2/9 , which i have treated as advances not receipt in books , the other payment is received on 1/10/09 and i pay service tax on total amount i.e. including advance received, is it correct?

I f i have provided services of Rs. 50 lakhs in 2008-09 ,say 1/4/08

i receive payments on
1/7/8 16.00
1/10/8 17.00
1/1/9 17.00

how i need to PAY service tax

only at 1/1/9 or proportnetly as and when payments received ? remember it is 08-09 so provisions of 08-09 is applicable?

Please help me how to account the below mentioned details.

Downloaded a software which is cost in $1000 on 5th Septmber 2010. Paid for this on 2nd October 2010 $1000*46.71= INR 46,710/-

For downloaded license the service receiver should pay service tax. How to account this entry. What are all the ledger to the created.

After making service tax pymt of downloaded license, can take input credit. how it can also be accounted so that input credit can be taken.

hello friends. i need a help!
after filling form ST 1 online for service tax registration . now to whom the print out to be submitted? what are further procedures for getting registration certificates?

Dear All,

Please let me know whether maintenance of National Highway is liable to service tax. If liable under what classification.

Thank you

the 90 days limit exceeded.. the ST return couldn be revised. the tax liability paid. what are the consequences of non filing of revised return? does act or rules say any abt non filing of revised return?

Sir,

I am attaining service tax audit of year 2008-09

where i find
suppose bill of services given on 1/4/2008is Rs50.00 lacs

payment recd
1/7/8 17.00
1/10/8 17.00
1/12/08 16.00

how to compute s.tax?
remeber it is A.Y.2009-10

Hi Expert

Can a textile company claim service tax refund in case of export, which is allready claiming Duty drawback.

Regds
Shetty

I have deposited the cheque on 05.10.10 for service tax.. for the quarter july to sept...but now its returned beacuse of less balance in the account...now how i have to calculate interest for the delayed payment???