Please let us know the latest CENVAT Credit guidelines? How much amount Service Tax Receivable can be set-off against the Service Tax Payable? We are a Co-operative bank.Service Tax provider under BFN & BAS. Due to ambiguity in law, we have not adjusted CENVAT during this F.Y.2009-10. Can we utilise the same before 31.03.2010? Pls reply.

Can it be possible to utilise certain percentage of input credit available for the month say 70:30,or it needs to be looked itemwise for availing input credit
Thanx in advance

Hello People,
I am a first time entreprenuer based in Hyderabad. I am opening a private limited comapany with 2 directors. We will be in the business of a gaming cafe where there will be video games and snacks. I have the following queries -
1. My annual turnover is expected to be around 8 lakhs pa, which doesnt come under the purview of service tax. So should i still register myself under service tax or should i wait till the company has a turnover exceeding Rs. 9 lakhs?

2. I am aware i will have to pay VAT on the food and beverage sold in the cafe. I am expecting a sale of Rs. 3 lakhs pa from it. So my question is how am i supposed to pay the VAT on this sale? And when should i register myself with the VAT authority?

3. As a private limited comapny and based on the nature of my business, is there any other regulation under which i should register my business?

I would be very thankful if these doubts of mine can be cleared by the experts panels.

Thanks & Regards
Saif Ali

One of my clients is opening Hitachi AC Service Centre for installation and servicing of Hitachi AC's. The expected gross billing is Rs. 4 lakh per annum (2010-2011).

1) Will he require to take service tax regn. number?

2) if yes under which head?

3) Will his income other than Hitachi Service Centre, i.e. servicing of AC's of other companies be liable to service tax..

If a Central Excise assessee acts as a job worker for another C.Ex Assessee which does not amount to manufacture and the former is Liable for the Service Tax for GTA, is he required to pay 2 S.Ts for the same consignment of goods to the same client?

dear all,

we raise a bill of reimbursement to company and we paid this amount on behalf of company to a person who travelled for company interview and send his bill to us. can we charge service tax where we are not taking professional charge.pls help me.
regards

deepak

Hi


Service tax invoices raised in the year of 2007 the same can we reverse in the year 2009 and can we take input of Service Tax amount.


Pls give me a solution to my mail ID manjugsm@gmail.com

Regards
Manju

One of our client performs TWO Services.He wants to register. Whether in a single ST-1 form we can include both the services or separate registration is required for each services

Dear Sir,
>
>Our company is providing service of Maintenance to Delhi Metro.
>
>We are charging Bill with Service Tax.
>
>But Delhi Metro refused to pay Service Tax amount saying that :-
>
>They are exempt to Service Tax and given one copyin which written as follows :-
>

C2.3.5 “Delhi Metro Rail Corporation Ltd., a non-government Railway, is executing the

work under the “Metro Railways (Construction of Works) Act, 1978” extended to

Delhi Metro. Tenderers are requested to study the Section 65 & 66 of Finance

Act, 2005 (budget 2005-06) regarding Applicability of Service Tax along with the

relevant circulars and instructions in the matter issued by Ministry of Finance,

Department of Revenue and bid accordingly.”

Kindly Suggest service Tax will be charged on the bill or not.
>
>Thanks/Regards
>
>Subhash Sharma

wether VAt & Service TAx Charged in same invoice on same amount.