After 01.07.2012 rate of abatement for Construction of building, civil structure etc is 75%, but it is subject to condition that value of land is recovered from service receiver, what will be the rate of abatement if no matter of land is included in such service?
Dear sir,
As per notification no. 33/2012 dt. 20/06/2012 that "it is necessary in public interest so to do, hereby exempts taxable service of aggregate value not exceeding 10 lacs Reupees in any financial year form whole of service tax leviable thereon under section 66b if said financial year"
if a service provider have following gross receipts in given financial year..
F.Y. 2010-11 Gross receipts Rs. 11,00,000/-
F.Y. 2011-12 Gross receipts Rs. 8,00,000/-
My Query is that, is he liable for payment of service tax for Financial Year 2012-13 if his gross receipts is Rs. 5 lacs?
please resolve it ASAP
I need list of banks in India for service tax applicable
x Ltd engaged in export of service (Say Marketing Research) they receive input Service Say Advertising, As they are into export of services there is no service tax liability, in such case what will be treatment for input service tax on advt services?
Is claiming of refund allowed ?
or the Service tax Amount will become cost and added to advt amt
Kindly Guide in above matter
sir
any transporter running business at one place he is registered with service tax department nature of registration is for single premises.
my query is
can he open any branch at other place (out side of prior jurisdiction) with same registration ?
is it neccesary to change his registration type i mean centralised registration?
people exporting services has to pay service tax or not.....???
if ans is NO,then which kind of tax they have to pay...???
what is the procedure to get the service tax no for the partnership firm.
i do not have practical knowledge . kindly guide with the step wise after filling and uploading the form ST 1 .
MY CLIENT FIRM has Partnership deed with duly signed on the stamp paper but it is not the registered document. The firm is operating since last years.
Dear All,
RCM servcie Paid, whether we can able take input out not.
if can please send the detials provision or notification.
please help me.
The benefit of Abatement is available on various taxable services vide Notification No. 26/2012, which inter alia, reads as follow:
"hereby exempts the taxable service of the
description specified in column (2) of the Table below, from so much of the service tax leviable thereon U/s 66B of the said Act, as is in excess of the service tax calculated on a value which is equivalent to a percentage specified in the corresponding entry in column (3) of the said Table, of the amount charged by SUCH
SERVICE PROVIDER for providing the said taxable service, unless specified otherwise, subject to the relevant
conditions specified in the corresponding entry in column (4) of the said Table"
In view of the expression 'Such Service Provider' it appears that the benefit is applicable only to service provider and therefore a service receiver liable to pay tax under reverse charge is not entitled to claim abatement.
Kindly clarify.
Service provider has obtained st registration in F.Y 2009 - 10 without crossing 10 lacs limits. firm has not charged service tax to its customer.
1. whether after obtaining registration SSI unit is liable to pay service tax or exemption of 10 lacs will be applicable
2. in F.Y 2010 -11 also SSI exemption will be available since in preceding year taxable limit has not crossed Rs. 10 lacs and start paying service tax only after crossing limit of Rs. 10 lacs.
3. in F.Y 2011 -12 exemption of Rs. 10 lacs will be available or start paying service tax from Rs. 1/-
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Rate of abatement after 01.07.2012