We are mfgs of bulk drugs and registered as GTA & ISD, for the year 2006-07 we have submitted return taking 75% abatement on carriage outward charges and we have not taken any input credit which were paid on export clearing charges, financial charges & others.

My question is that do we eligible to claim 75% abatement on carriage outwards as well as to claim input credit on services we have paid and wat about notification no.32/2004 dt 03.12.04 ?

Please clarify..

Is receiver of services will pay the tax.........?

For example:
My co. receives counseltig services from a co.
The amount is Rs.1.25.000
& service tax @ 12.36=15,450 so the total is Rs.1,40,450
My question is how much i have to pay to the co. who is providing services and
how much to the Govt.

Plz give me the solution, I m very much confused

for what type of service tax payments by an exporter of goods ,refund is possible?

a company is earning income of freight from its customers and pays less freight(including service tax) to its suppliers.Overall it is earning margin on freight which is received from its customers. will it be liable to service tax, it is not registered in service tax for freight.

Facts:

ABC Pvt. ltd.(Manufacturer) exports its products,
It pays Commission to Non resident Agents.
It also pays service Tax fo Import of Services.It is not liable for service tax under any other catagory.

Example: Service Tax Payable on Commission Rs. 100, Input Excise Credit Rs. 70, Input Service Tax Credit Rs.10, Excise duty Payable Rs. 200

Questions:
- Can the company take credit of Input Excise as weel as Service tax i.e. Rs. 80 and pay Rs. 20? (I think not Possible)

- Should the Company Pay Rs. 100 for Service Tax?

- If it pays Rs. 100 as Service Tax and take it as Input Credit for Payment of Excise i.e.Rs.200- Rs.100- Rs.70- rs.10 = Rs.20, is it ok?

-Is it necessary that to consider this reverse Charge as Input Credit, You must be service provider?

Considering the above example pls. confirm The actual Libility under service Tax i.e. Rs. 100, Rs.20 and for excise Rs.120, Rs. 20?

Thanks

Dear Friends

Service tax deptt. has imposed penalty for late deposit of service tax, whereas the tax and interest thereon was deposited before issue of SCN, I have quotated 4-5 case law for not imposing penalty in such cases

Please arrange me copy of the following circular, which is urgently required

Service Tax - F. No. 137/167/2006-CX-4 - dated October 3, 2007



Sanjeev Kumar Jain
C-2/12, Sector-11
Rohini, Delhi-110085
9811274429, 27570780,47553469

hi.
can anybosy suggest me what are criteria of revenue sharing basis to claim the service tax exemtion under this claue.

Would like to know whether Service Tax or and any other formalities are needed for operating a guest house with food facility.

It will have only 4 to 5 bedrooms fully furnished independent house on rent.

pls clarify.

Sir,
Thanks for your earlier replies
I wish you all a very happy, peaceful and prosperous New Year 2008
I have a query on Service tax on Works contract
A contractor executing a works contract also utilizes the work of a sub contractor.
Both main contractor and the sub contractor does the work involving labour, materials etc.
As per the new rules the value of works contract excludes the value of transfer of property involved in materials.
Now the situation is like this
The value of Works contract is Rs.50,00,000
The value of materials is Rs.20,00,000
The amount paid to Sub Contractor Rs.25,00,000

If I am correct, the taxable value of service for the main contractor is Rs.30,00,000 (50-20)
My query now is
1.If the amount paid to sub contractor also includes the value of materials involved, how to claim that exemption
2.Very importantly, is sub contractor also liable to pay service tax under the new rule?
3.If the sub contractor is liable, whether main contractor or the sub contractor can input tax credit in any possibility?
4.Is there any mention that even the sub contractor also liable for works contract service tax in the new rules?

Pls clarify the same.

Regards,
M.P.Arun

co op crdit society given followin srvices to its members
1-dd commission
2-prossing chargers
3-valuation of gold charges
4-building donation/bld fund
5-light bill com.from electricity board
whether co op crdit society are liable to service tax or not