Ritesh Goyal
25 May 2010 at 18:01

Exchange rate

Dear,

I would like to know about exchange rate to be applied for conversion for payment of service tax. whether i should apply exchange rate available at the time of booking of invoice or exchange rate available at the time of payment to service provider.


Regards,


CA Ysil Karunai
25 May 2010 at 16:36

Rent

Dear Sir, Please consider the example:
A Private hospital earning income from their in-patient, such charging room rent and other treatment charges.
Room rent is charged to patient with out service tax. Since, hospital turnover was Rs. 1.5 crores per month.
Query:
1. Whether the hospital is liable to Service tax?
2. If yes or no, Please explain


bhushan gupta

hi,
Please clear the position in case of service tax applicablity of rail freight in case of exporter. A company being exporter, paying rail freight. Railway is charging service tax. Now whether service tax is applicable on railway freight. Exporter is rice exporter. Whether any exemption is available to rice exporter in the category of food grain


yogendr
25 May 2010 at 16:30

service tax retrun

This qtr(Apri-June10) i have no raised any service. It is mandatory for filling zero retunrn or not. pls suggest me.


If yes please write me specific law and section.



Anonymous
25 May 2010 at 12:07

Service Tax - Plz help on this

Dear sir,

If company A is take over by company B which is MNC. After this, raised for a new invoice in the name of B company and in invoice mention old co. service tax reg. no.?
When we raised the bill we mention that ( Formerly A Co. ) below the name of A Co.


It is legally true?


ejaz naiyer
25 May 2010 at 11:57

Hire Charges

Sir/Madam

If any company gives bykes on rent and give the term as Hire Charges whether it will still come under service tax? And whether MVAT will be applicable on it. Please give the answer in detail. So that I can understand the implication of the word HIRE on service tax & VAT.


CA Sunil

Dear Friends,

Company X has to pay Rs. 1 lac as service tax for the FY 2009-10.It has more than 7 lacs as CENVAT credit is available in the books. Now the company has availed 1 lac as CENVAT credit and hence paid nil service tax for the year.

And now there is a delay in filing service tax return by almost 1 month, kindly let me know whether penalty is applicable or not, because in my case there is no tax liability to pay service tax due to availment of service tax.

A reply in these regard will be highly appreciated.


Mrityunjay
25 May 2010 at 10:51

Service tax return

Dear all,

Am working in event management co, we have received the payment for the month of November 2009 and we haven't paid service tax for that, and we filed service tax return

kindly guide me what would be the last date for revised service tax return and help me out of this discrepancy

Regards
Mrityunjay


Ranjan Dayal

Hi,
I want to know that whether 100% EOU set up under STPI Scheme is exempted from service tax if there is any exemption available to 100% EOU,kindly help me by mentioning the specific provision of service tax Act.


Anwar
25 May 2010 at 10:26

Service tax on capital expenses



Our company is education institution giving training in animation.We have shifted to a new premises and incurred some capiatal expenses such as building modification , electrification etc. and had given service tax on bills submitted by contractors. We are collecting service tax from the tution fee from students.

please clarify whether we can take input credit of service tax that we had paid.
if so please quote,give the rules / circulars regarding the same.






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