we have filed service. tax return of one of our client for second half year ended on 31.3.3015 with only exempt income of 5 lacs on 16.04.2015 but as its another firms turnover was increasing it diverted its construction taxable income of 12 lacs dated 31.03.2015 after deducting TDs at the time of filing of tds return on 15.05.2015 showed as amt outstanding and now our client has to pay service tax with interest and my question is what will be the penalty in this case if we file revise return on 01.06.2015 and how we will calculate interest day wise or take monthwise. I.e full month interest for part of the month as we do in tds ... please help me its urgent...

There was service tax liability in the books for the m/o Oct, Nov, Dec, Jan, Feb & Mar 2015 but due to some problem tax could'nt deposited within time for each month. On 22/05/2015 tax deposited in one challan for different months. Can tax deposited in one challan for different months create problem while submitting return and if there is a problem then what will be the solution for that.

Dear Sir,

We are a manufacturer have taken Business loan form Bank. Bank has charged Processing fees and service tax thereon.
So can we take credit of such Service tax.

Thanks in Advance.

one of my client is receiving a rent from the educational institution for the building given on rent to run the hostel to the college and he received Rs 181500/-per month as rent from that hostel building.
Whether he has to collect service tax on rental income of Rs.181500/-P.M from the educational institution and at what rate
Please clarify
whether such rental income is exempt under service tax for educational purpose the building is let out to educational institution?

Hello Friends
If my client Rented a property of Rs. 100000/- Per Month and amount received 90000/- after deducting TDS @ 10% u/d 194I. then on which amount we should charge Service Tax i.e. on Rs. 100000/- or Rs. 90000/-

Waiting your reply

Thank You in Advance.

I am about to renew my Vehicle Insurance policy due in 1st week of June. The Premium breakup shows Service Tax is charged at the rate of 14%. As per Rule 4 of Point of Taxation Rules, if I make the payment in May itself, am I not liable for just 12.36% instead of 14%? Point of Taxation will be Date of Invoice or Date of Payment whichever earlier right i.e. May and not June. Please Advice. Thank you.

experts, i have a querry that; when person has paid service tax under reverse charge then a person will be eligible to claim such amt. as cenvat................but if such person is not in position to utilize such cenvat either due to reason ''he is not dealing in activity resulting in levy of excise or service tax....or due to any other reason,''''.......then whether such amt paid in reverse charge will also become cost of service or any refund will be available or ........whether any other solution available.....???????

I have issued the advance bill in the month of March 2015 for the period from 01-04-2015 to 31-03-2016. In this bill, I have applied 12.36%. This bill is outstanding upto 31-05-2015. In this regard I have some doubts about collection of difference of service tax from customer. 1)whether I have to collect difference of Service tax from 01-06-2015 or 01-04-2015.

WE THE COMPANY PURCHASE ALUMINIUM SECTION FROM COMPANY AND SEND IT TO THE INDIVIDUAL FOR POWDER COATING ON IT. WHETHER SERVICE TAX IS APPLICABLE ON POWDER COATING CHARGES? AND WHAT PERCENTAGE OF SERVICE TAX SHALL BE CHARGED?

Kind Attn : Dear Sir / Mam

Pls adv the date from which the new rate is effective. Any surcharge over and above 14%?

Thanks and regards
Gurvinder Singh