As per the provisions of Service tax The input credit can be claimed only when the payment for the same has been made.
The company for which we are doing the audit deals in import of services and takes the credit at the time of booking output tax entries.They say that since the cashflows of the company are significantly affected if they deposit output service tax first and then claim for the refund since they do not have other output tax collections against which they can adjust the input for import of services.Moreover the exchequer(govt) do not stands at any loss through this provision.I want your advice whether the same can be a acceptable plea?

Can i register under service Tax Act as Propritor ship company for running Financial Business(Money Lender),if it can what is the rate of Service tax, it means is there any abatement.how tax would be caluculated,and any more registrations are to be done to run & be legal.

Respected Experts,

A Company has service tax input credit of 2,00,000,00/- after setoff of service tax payable every time . Can the company start an another service different from the old and claim the input credit of the old one??
pl clarify with necessary case laws..

We are engaged in manufacturing of excisable goods, both for the domestic market as well as for exports. Whether the we can avail the Cenvat Credit of service tax paid on sales commission and utilize the said Cenvat Credit for the payment of duty of excise on excisable goods.

Is the decesion of Delhi High Court applicable in Gujarat for renting of Immovable property? If not applicable then can we pay Service tax under protest?

Hi Sir,

Can you please tell me what is the journal entry of service tax passed when the bill is issued to the Service receiver ?

Case: There is an electrical contractor who undertakes the contract of commissioning, testing, installation of various electrical jobs. He is also to buy the wires, cables, switches himself and install the same. The contract is composite as the company will make a lumpsum payment to the contractor (i.e for service as well as the wires cables and other accessories used).

Question: Can the contractor take the input credit of the excise duty paid on the wires, cables, switches, accessories against the services tax liability?

Dear All,

A service receiver is paying service tax on behalf of a foreign consultant. Let me know whether he can claim input credit on the same amount paid. Kindly mention the rule also.

Dear Sir,
present rate of service Tax is 10.3.
if am are right then breakup off that is following.

Service Tax 10 %
edu cess 2 %
higher edu cess 1 %
------
10.3%

Dear sirs,
if a person doing part time work and selling software to any company . and giving bill with the name of his firm (properietorship) then service tax is applicable on which amount.
if any co. or firm deduct his TDS on more than 20000 bill then he will charge service tax.
then he has to take service tax no.
what is the procedure to take service tax no?

pls do need ful

regards

Harpreet