thank you for your prompt reply, GUL. if i m not mistaken there is no service tax applicable on the OCEAN FREIGHT. pl recnfm.
the service tax is on the THC [terminal handling charges] and DOC charges which is charged by the line to him and same is collected from shpr and repaid to line .
he is not pocketing the service tax collected from the shpr. he is only collecting service tax and paying to the line.
also note he is not mentioning word 'SERVICE TAX' in the bill. so is it still not correct???
also note service tax is clubbed in the THC amount and DOC amount and billed to the shpr.
if he obtains the service tax no. then on wat element the service tax is applicable to him?? also adv under which a/c head this business is covered to be liable for service tax??

pl do adv urgently.

1) mr. a is forwarder. he gets quote from shipping line say, for muscat, adds his profit margin and quotes the same to the shpr. shpr in turn picks up that line's cntr and exports his goods to muscat.

is there any type of service tax applicable on the profit margin of mr. a?

2) mr. a has not taken service tax no. can he charge the same in the invoice to the shpr as he only collects the same from shpr and pays to the shipping line.
pl adv urgently.

A company into training and placement service wherein the total gross receipts is less than Rs. 50,000/- per annum had applied and got its service tax registration number in 2005. As they fall far below the limit, they failed to file nil returns since registration to date. In fact, they dont fall within the preview of this. They didnt even receive any notices from the department yet.

Now the Board of Directors had decided to wind up their business as they have contineous losses and are particular in surrendering/cancelling their company's service tax registration.

What is the procedure for cancellation?

What are the late penalty charges or fees for nil returns and cancellation charges?

How much time does it take to close this case?

Request for expert's guidance in this matter. Kindly give a brief steps for this purpose. Thanks.

What is rate of service tax on car rental ? is it 4.9%

1.I Would like to know if i can adjust excess payment of sevice tax in one quarter to the service tax payable in the next quarter.

2.I have found in the service tax website a new format of ST-3. I would like to know from which half year the said new format of ST-3 is applicable.


Please let me know the answers to the above queries at the earliest

Sir/Madam,

We found that, During the previous period Service Tax element was wrongly debited to Expenditure account. Thus the Expenditure was wronly booked.
Now can we rectify the Expenditure by Crediting the amount to Exps account and Debiting to the Service Tax Receivable account?
Can we take Input Service Tax Credit for this amount in current year?

Please suggest taking into account all the implecations ie in regards to Income Tax and the Service Tax Angles.

Please let me know the provisions in this regards.

Regards,

Abhijit Pimple

Hello,

Whether service tax is applicable on debit note raised on group companies for expenses incurred on there behalf like travelling, staff welfare, mobile expenese. We are not providing any taxable service to these companies.

That My client had done fabrication with separate contract for fabrication work as the activity of fabrication covers under Excise but when tanks or pipe supports are fabricated at site though not embedded in the earth, are erected at site, stage by stage, and after completion they cannot be physically moved. But on sale/disposal they have necessarily to be dismantled and sold as metal sheets/scrap. It is not possible to assemble the tank or pipe supports all over again. Such tanks or pipe supports are, therefore, not moveable and cannot be considered as excisable goods. In my client case all the items assembled or erected at site and attached by foundation to earth cannot be dismantled without substantial damage to its components and thus cannot be reassembled, then the items would not be considered as moveable and will, therefore, not be excisable goods. This has been clarified by the department vide circular dated Order No. 58/1/2002-CX, dated 15-1-2002. This satisfies that the activity which My client is doing on site is not excisable. If the said activity is done from the factory and then finished tanks are removed from the factory to site then it becomes excisable as it is movable at the time of removal from factory. Therefore it not wholly exempt from excise activity and it is exempt if it is considered as moveable, although it amounts to manufacture under section 2(f) of the central excise.
1. Now the Question if that Weather the Job work of Fabrication done by client is covered under Business Auxiliary service?

2. Is the Job worker can Claim exemption under Notification No. 8/2005-S.T., dated 1-3-2005 which says that if the finished goods amounts to manufacture under central excise then it is exempt under service tax?

i couldn't crack the last cpt...next exam on nov 4th...can i pass it by preparing 50days nd what r d tips to be remember, i mean which subject should be given importance nd if it is needed to look all chapters in detail?pls help me.....

WE ARE A MANUFACTURING COMPANY ,THE FACTORY IS LOCATED AN A SMALL TOWN, WHERE WE INCUR TRANSPORT BILLS,TELEPHONE, INTERNET BILLS ETC.. ON WHICH SERVICE TAX IS ATTRACTED.
IN THE SAME STATE CAPITAL,we are a REGISTERED service provider RENTING IMMOVABLE PROEPRTY ( GODOWNS IN THE NAME OF THE SAME COMPANY) ON RENTAL BASIS.THE REGISTRATION FOR SERVICE TAX IS DONE AT THE STATE CAPITAL, WHERE WE HAVE THE IMMOVABLE PROPERTY LOCATED.
WE COLLECT SERVICE TAX THROUGH THE RENT BILLS AND DEPOSIT THE SERVICE TAX AMOUNT COLLECTED.
WE NOW WISH TO TAKE THE INPUT TAX CREDIT FOR THE SERVICE TAX DEPOSITED ON OUR RENTAL BILLS BY SETTING OFF THE SAME AGAINST OUR SERVICE TAX PAYABLE ON TRANSPORT BILLS,TELEPHONE, INTERNT BILLS ETC.PAID AT OUR FACTORY.THERE IS NO SEPARATE SERVICE TAX REGISTRATION FOR THE FACTORY,THE COMPANY BEING SAME.
PL. CONFIRM WE R ON RIGHT SIDE OF THE LAW.
R.V.RAO