Hi

I am working with a transport company we render service of transportation of material through Air Cargo, one of our client who is engaged in automobile parts manufacturing has given us the contract rates inclusive of service tax and wants us that we do not show service tax in our bills separately as they are saying that it creates some accounting problem with their system.

Actual

Freight 50,000
ST @ 10.3% 5,150
Total 55,150

Practice Followed (how we prepare bill)

Freight 55,150
ST 0
Total 55,150

Although we are depositing the service tax of Rs 5150 with the authorities but according to Rule 4A the bill should mention the details of Service tax charged.

So is it a default on our part? If yes what are the implications.

I had taken short cenvat credit due to wrong calculation, due to which I had paid service tax by cash along with interest.

Now, as I have reworked my cenvat credit, I want to know, if I can treat that service tax payment and interest as advance payment and adjust for future liability.

My Querry is "the company for which i work was incorporated on 20.02.2009 having nil turnover for FY 07-08 and 5 Crore for FY 08-09. neither we have filed any Service Tax return nor we have deposited service tax due some unavoidable reasons. so, what are the consequences for not paying/filing of service tax. can we pay the same in this financial year, if yes, what are accounting treatment?

We are manufacturing of Excisable goods. and use the various services for the same on which we pay service tax to the service provider. But we are not providing any services, So can we use the service tax input credit against excise payable? and also what return we need to file under service tax act?. Whether it is compulsory for us to get registered under service tax act to avail the service tax input credit?.

Regds

Anand, a practicing chartered accountant, provides taxable audit services. He has started his
practice in the mid year of 2008. He wants to file the service tax return first time. Whether
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the records including computerized data maintained by him shall be acceptable by the
department? For how long such records shall be preserved by him?

Is there any amendmend regarding education cess on service tax ?? pls let me know

What is the limit in Financial Year 2009-10

for Chartered Accountant. suppose I receipt

fee for Rs.10 lacs and above can I pay the

service tax.

Thanks & regards

I KNOW FOR THIS PURPOSE ASSO. ENTT. MEANS WHICH DEFINE U/S 92A OF IT ACT PLz EXPLAIN TRANACTION WITH ASSO. ENTT.

I have a moulding machine and i sell a moulded electrical product with a turnover of abt 40 lacs. Recently, i have been approached by a company to do moulding job work for them - raw material being provided by them. i expect a job work billing of abt Rs. 30-40,000 per month.i.e. less than 5 lacs per annum. i know the exemption for service tax is 10 lacs.
What i mould is a part of an electrical product which is not a product which can be sold independantly. The company would use this moulding alongwith 30 other components and makes a final product which is excisable and they would inform excise deptt. also and maintain 57 F4, though they are not availing CENVAT. I can keep a copy of those docs if required.

And i don't want to correspond with excise deptt. at all. Can there be a liability in my name any time in the future.??

i understand that service tax registration is NOT reqd till we cross 10 lacs.
Do I need to register or inform or charge any other tax like work contract tax

Hi,
I have one Query Related Service Tax,
on Telephone Bill or any bill's our Company name is not there, But that bill's Amt Paid by Our Company,becuase that bill come on the name of that premises owner name (says Franchies), so can we take service tax Amt in service tax Credit or not

Thanks
Arvind