my client in retail has a swiping machine. whenever he makes a sale through the credit card, the bank charges him a 1.7% commission on the amount that is credited to his account. they also used to charge service tax on the commission amount.

however, now the bank has started charging commission on the total amount credited. since ST rate is 10.3%, this makes a total cost of selling 12%, which is eroding the margin...

my query is whether the value adopted by the bank is proper.

thanks

After Delhi High Court judgment and stay on levy of applicable service tax on premises leased out for commercial purpose, does service tax department can still demand service tax @ 10.30% on rent from lessor in view of last month above judgment in favour of assessee.

Pls give your opinion on this.

HI WE ARE THE MAFG UNIT AT DAMAN & WE PAY SERVICE TAX ON GTA I WANT TO KNOW IN DETAILS ABOUT GTA KINDLY ADVICE THAT ON WHICH WEBSITE I GOT THE INFORMATION

I WANT TO KNOW THAT WHO IS ELIGIBLE & WHAT IS THE LIMIT FOR GTA.

Hi

The banks (both private and public sector) in the normal course of business buy certain capital equipments like centralized air conditioning plant, vehicles, ATMs etc. I would like to understand whether the banks can take CENVAT credit of excise and customs duties paid on purchase of capital items and set off against the service tax liability.

Dear Friends is recharging of prepaid mobile phones taxable service?

Can any body give any notification(s)regarding determination of taxable value.

1. I am having doubt, because anyway the cellular phone company collects the service tax on the recharge value. So whether the person running a recharge center is liable to collect service tax?

2. In case the recharge center is liable to collect service tax, Is only the margin earned subject to service tax or is the entire recharge amount to be subject to service tax again?

Dear friends please give your expert advise on this matter.

Thanks in advance

I would like to bill to client for Artist fees (Which is payable to Artist and will pay by me)and Our fees. I want to know that service tax will be payable on total bill amount or on our fees only

a)below 750Rs. manufacturing co. can deduct Servise tax on transportation.if any specific limit in amt.mentation in servise tax rules pls. reply me.
b)rate of interest payble on delay payment of servise tax?
c)in transportation servise privider deduct servise tax than service receiver liability ?
D)if we receive servise below 750Rs. per bill but gross Amt.more than 750Rs. for all biil/day can we are liable service tax on such amt.

Can anyone suggest me the case laws regarding construction of government buildings & medical institutions are exempt from service tax...

We are a manufacturing company. One of our customer insists us that freight amount and the service tax on freight should form part of the commercial invoice. The freight bill is sent by the transporters to us and we remit the service tax due on it to the Government.
Please advice us whether we can transfer the service tax paid by us to our customer through the commercial invoice.

E.g Format of Invoice
Basic value xxxx
Add : Excise Duty xxxx
Total xxxx
Sales Tax xxxx
Freight charges xxxx
Service Tax xxxx
Grand Total xxxx

dear sirs,
we are doing statutory testing of LPG cylinders(domestic house - hold cylinders),along with the painting and printing work for which we receive money from the Oil companies.Out of which we are
spending nearly 65% on above raw materials.How can we make claim on
exemption on raw materials used while paying service tax on gross amount received under the tax head Repairs and maintanence? Or will it come under tax
head works contract

regards
priya