how to compute Interest on Service tax daywise or monthwise

We are KPO providing services to foreign clients and receiving payment from them in foreign covertible currencies. Now we have started to provide service for local clients as well. So, in this case we are maintaining separate books for availing input credit. We are claiming input credit for services directly atttributable for providing local services. In this case, can we claim refund of input credit relating to export of services or adjust with service tax payable?? please suggest as the due date is March....

weather service tax is payabable on "receipt" basis or on "accrual basis" or any of the two basis as opted by the payer.

Hi

Is there any option for construction companies to adjust CVD of Customs duty against Service tax payable. Plese provide me the clear information regarding this.

I have the following queriy w.r.t Service Tax:

Service Tax is payable on receipt basis. Say:

Amount (Rs) 100
Add: Service Tax(say) 12
Total Invoice 112
Less: TDS deducted(say) 10
Bank Receipt 102


In the above example, how much service tax should be remitted & when?
Like should the Company remit full service tax on receipt of Rs 102/- or else proportionately on the receipt of the Rs102/- & balance on receipt of TDS Certificate. I was basically worried as TDS certificates are received later.

Kindly provide your views(Please refer notifications/case if any)

Thanks & Regards
Ari

dear sir
can you send me the details of due date for filing service tax return and remittance of service tax amount?

we have doing Freight Forwarding business, We have both Purchase & selling of Sea Freight charges the amount over purhcase is our profit. But service tax dept. demanded to pay service on excess colleciton, Kindly advice in this regards

Facts of The case:

1) We are ABC Pvt. Ltd.(the Company) a Corporate Travel Company. We enter into contracts with corporate and manage their travel requirements as per the contract.
2) XYZ Ltd. is a Swiss Company (The Customer) having a place of business at Chennai in India.
3) The Customer is a big group with many separate legal entities in different countries
4) The Company is entering into a contract with the Customer’s Chennai entity to manage the travel requirements of group companies in 17 countries. The company will manage the travel needs of many group entities however the contract will be with Chennai entity only.
5) Travel requisition will come either from the respective locations/users or from Chennai office of the Customer.
6) Services will be provided from India but will be used outside India.
7) Invoice will be raised by the Company to receptive group entities in different countries directly not through Chennai entity.
8) Payment will be received from respective entities in convertible foreign exchange directly to us.
9) Payment can be done through cards or remittances.
10) While making bookings for the customers, the company will pay to different vendors/consolidators in foreign countries in convertible foreign exchange either through credit cards or through bank remittance..

Queries:

1) Can the company raise invoices in foreign currency to entities with which the Company doesn’t have any contract?
2) What are the tax implications specially service tax and with holding tax.
3) What are the formalities for payment to vendors? Do we need to have contract for paying to vendors or we can pay on the basis of bills/invoices by the vendors ( which may be hotels, Air tickets consolidators or other travel agents in foreign countries.

Dear Freidns

What is place of providing of service is assued in case of transpoters for service tax.
in a company is situated in jammu and it purchases and sales goods from all over india whether Service tax on freight inward or outward will be applicable of not?

Place of providing of service in above case will of originating station or Destination place.

Kindly clearify

Dear Sir,

One of our clients is a registered service tax provider registered under the category “Construction Services In Respect Of Commercial Or Industrial Buildings And Civil Structures”
He deals in works contract business. He charges sales tax (VAT) @ 2% and paying it. He charges 10.3% service tax on 33% of the value (Without VAT compliment). He engages in certain cases service tax providers who has carried out pure labor as well as Works contract and charged service tax.

The question is:

1. Whether the client can avoid the service tax paid?
2. Whether the service tax charged without VAT is correct?

Please clarify.