WE ARE MANUFACTURAR EXPORTER AND HAVE THE LARGE AMT OF SERVICE TAX CREDIT IN OUR BOOKS

CAN WE TAKE THE REFUND OF SERVICE TAX
UNDER NOTIFICATIN 41/2007 ST. 06.10.07

CAN WE TAKE THE REFUND OF ALL THE SERVICE TAX WHICH WE HAVE PAID EXCEPT FREIGHT OUTWARD

OR

WE CAN TAKE THE CREDIT ONLY ON THE SPECIFIC SERVICES

PLS ADVICE

As we know service tax is paid only when consideration for service is received. if no consideration is received no service tax liability arises.

At the time of billing we credit service tax account and provide service tax liability in the books of account whereas there is no service tax liability arises at the time of billing.

Please suggest proper accouting treatment of service tax so that liability can be created in the books of account only when it actually arises.

Sir,
Pls correct me if I am wrong,
1.Service tax is excempted upto 10 lakhs of taxable services but can't avail CENVAT credit.
2.Any time during the year if taxble services exceeds ten lakhs, service tax is applicable on the balance exceeding 10 lakhs.

Thanks & Regards,
Girish

Transporter have not charged Service tax in Bill for exemption and issued consignment note then our liability to pay service tax on this. Can we take Cenvat on Service tax paid for carriage Inwards in same month when we deposit to Bank?

If transporter has not issued consignment note and they have no service tax reg. no.then also will we have to pay service tax for this?

We are into a hotel industry. We have to pay charges for advertisement on foreign website. Now since the website is run in country other than India, Will it be termed as Services Used in India based on the fact that payment is to be made by establishment in India ??

If it will be covered under Import of Services under which provision it will be taxable ??

Also, the advertisement period is before 24th Feb 09, which rate of tax will be appliable in this case ??

If we have paid any service tax on behalf of non-resident as Import of Service, Can we take the Input Credit of the same ??
Also, can we adjust such credit against other can be adjusted against payment of other services ??

What entries to be made into books. Please explain with example...

Which form should be used for claiming refund of service tax paid on specified services by the exporter of goods. (Notification no. 41/2007 dtd 06/10/2007).

One of my client have collected Service tax on rent of immovable property in the month of April 09 after the high court order, which he was not suppose to do because the DH has held rent on commercial immovable property unconstitutional.

Now he asked me should he deposit that ST to government or refund back to the party.

In my opinion:
The service tax collected should be deposited to the govt within due date and henceforth he should not collect ST from the party unless and until Supreme Court gives contradictory order to DHC.

Am I Correct?

Kindly let me know that how can we surrender service tax number & what the process for the same.

tks
rajesh shukla

DEAR ALL,

What is the procedure for filling of combined ST-3 Half yearly return of Service tax , if we registered for more than one services.

Regards
Bishnu Deo Sharma.