Hi,
We have one query regarding CENVAT Credit under Service Tax. The case is as follows:
There is one company, which has two units. One unit is registered with STPI and exporting the software out of India. Second unit is domestic unit and providing software services in India. Second unit is registered with Service Tax Department with effect from 08th of April 2008. Books of accounts of both the units are maintained separately. The second unit (domestic unit) has issued its first invoice on 31st of March 2008 for more than INR 800,000.
a) Whether this unit can take the credit of service tax on input services paid by it during the financial year 2007-2008. If it can take the credit, on input service of how many periods, it can take the CENVAT Credit?
b) During the financial year 2008-2008, whether the credit of input services received by first unit registered with STPI and exporting the software out of India can be taken against providing services by domestic unit.
c) If both the services are provided by one unit and no separate records are maintained for both the services, whether we can take the credit of input services received by the unit for providing both the services against the domestic services.

With Regards,

Gourav Jain CA

Dear Experts,

if We are providing Electricity and AC service to our tenant through out DG sets or throught Direct Line of ElectriCITY AND PROVIDING Air Conditioning SERVICE THROUGH our Chiller machine can we charges service tax on invoice/Bill
basically we running this services from a commercial building to our client who has taken space in this commercial building as per lease aggreement.
shoul we charges or not ??

What is the risk involved in issuing two invoices bearing the same invoice number to two different clients? Would there be any implication if one of the said invoices is cancelled?

A Company which is in the business of providing educational content on website to ICSI/CBSE/IIT students for paid or free basis proposes to take a premise on lease

Exemption from service tax under section 65(90a) of Chapter V of the Finance Act, 1994 reads:

'Renting of immovable property to an educational body imparting knowledge on skill or knowledge or lessons on any subject or field, other than a commercial training or coaching institute.'

Can the company claim exemption from payment of service tax to the landlord based on above

Regards,

Sunil Ratahnakar Rao

Sir,

We are receiving Rent from Office and Furniture and We have a separate agreement for both We are receiving Separate Cheque for Rent on office and Furniture from F.y. 2006-2007 We are Charging Service Tax on Rent on office since it is a immovable property
Whether we have to Charge a Service Tax on Furniture for which we are receiving the rent if yes than from which year we have to pay service TAX

Please suggest

One of my client started providing Taxable service from May’07.Exemption limit of 800000/- was not crossed till Jan’08. However our client without knowing was depositing service tax right from day one though he was not collecting service tax from his client. Now my question can he claim service tax refund if yes what is the process?

Respected Dear Sir(s),

We hv following query. We request your Valuable review on this.

The assessee is paying service tax on goods transportation by road freight....as a service receipient.

The assessee has availed credit of ST paid by it on Advertisement Exp. and have utilised the same for paying service tax on freight, payable by it as a receipient of service.

The assessee has done so upto 1st March, 2008, under bona fide assumption that, it is a "deemed service provider" and therefore can take credit and utilise the same for payment of service tax on frieght.

Sir, Will u please guide us as to
1. Whether such a credit can be availed and utilised by the Service Receiptient for Payment of Service Tax on Freight ?
2. Which are the sections/provisions/rules under which the assessee is eligible OR not eligible to availe and utilise such credit ?

Thanking You.

Awaiting a reply.

Is the basic exemption limit of Rs 10.00 lakhs applicable each year? ( like IT)
Or liability to service tax arises as soon as limit of 10.00 lakhs is exceeded in each year ? Suppose an assessee has 5 lakhs,7lakhs,10 lakhs as billed services during last 3 yrs how the service tax provisions would apply

Thanks for your offer to clarify
subrahmanyam

Dear Experts,

if we have received 200/- rs. service tax in April-08 and paid 250/- to those who provide us services then its mean credit input is more then service received. then its mean we have no liability to pay Service Tax in May-08 to Government.

or one thing more can we also Forward balance Rs. 50/- for next month in June-08 while depositing service tax..

Hi

We are a start-up partnership firm. We offer Integrated Facility Mgmt in residential & educational arena.
Queries -
1. Applicable of ST?
2. If yes, is it applicable from the 1st yr (& how much) and the min reqd turnover?
3. Tips to reduce the burden

Thanks
Geetesh