We had registered for service tax thinking turnover would exceed Rs.10 lacs. But the turnover is only Rs.6 lacs. However, we have colelcted service tax to the tune of Rs.50000/-. Can we refund SERVICE TAX COLLECTED TO our clients and not pay thE SAME TO THE seRVICE TAX DEPARTMENT.

wE MAY NOT BE COMING UNDER SERVICE TAX EVEN FOR THE NEXT YEAR.

PLEASE ADVICE
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A Pvt.Ltd.Co. Is doing trading activity of Chemicals. Company Purchases liquid chemicals from the importer of chemicals by Bond Transfer. This chemical is stored in their storage tank of the tank owner. Tank owner will charge storage charges if material is not lifted within validity period. For storage charges tank owner raise a debit note and charge service tax in his debit note to & Importer incurred incidental charges for purchase of material. This charges he reimbursed from the seller by way of debit note and also charge service tax in his debit note. Material which is purchased by the company is sold to the customer. If customer doesn’t lift material within 1 month, company also charge storage charges by way of debit note and charge service tax.

My Query is Can company get a credit of service tax charge by the tank owner and credit of service tax charge by the importer on incidental charges? How can company should discharge its service tax liability?

At present exemption limit of Service Tax is Rs.10 lakh, my turnover is Rs.8 lakh. Can i charge Service Tax from my clients & is i am liable to deposit that realised service tax into Central Government Account? Please suggest, Thanks.

We have our C&F agents who raise debit note on us for their commission and also for reimbursement of actual expenses incurred by them for the services of C&F agents rendered by them. Is there service tax payable by them on the reimbursement of expenses for these expenses like electricity, stationery, printing etc. These costs are incurred by them on our behalf only but the invoices are raised in the name of the C&F agents.

As per Service Tax Law there is exemption threshold limit is Rs 8 lacs, suppose in the FY 2008-09 the turnover of taxable services is below Rs 8 lacs and there is no Service Tax registration. Now in the FY 2009-10 the turn over of taxable services exceed Rs 8 lacs from 12.01.2010 then we have to charge service tax in the bill from 12.01.2010 & pay to the Govt or we have to pay service tax on all the bills from 01.04.2009 to 11.01.2010 ? We have not charge any service tax in the earlier bills as the limit were not exceed till 11.01.2010.

Further should we charge service tax from 1st bill in the next FY 2010-11 ?

As per Rule 2 of Service Tax Rules:
in case of sponsorship fees, service tax is to be paid by the person who is liable to pay the sponsorship fees.
If we have paid the sponsorship fees, then we are liable for the paymnt of service tax on behalf of the service provider.
My question is that
1. if we are liable to pay the service tax , then whether we have to pay service tax separately with separate challan?

2. what document are required to be givent o the service provider to make him assure that we have deposited the service tax on his behalf?

if my billing is on 24th feb then what will be the effective service tax rate

sir

i am new accountant what is the service tax rates, p.f and esi please give the current details. I am from Andhra pradesh

is ST applicable on rent.

DEAR EXPERTS

MY CLIENT IS HAVING A BUSINESS OF I.T.ENABLED SERVICES AND SOFTWARE DEVELOPMENT FOR FOREIGN CUSTOMERS.

MY QUESTION IS IF THE COMPANY BILLS TO THE FOREIGN COMPANY'S (IE., EXPORT OF SERVICES) DOES IT NEED TO CHARGE SERVICE TAX IN THE BILL OR NOT.

PLEASE REPLY ITS URGENT.
THANKING U IN ADVANCE