XYZ Ltd. (Outside India) will appoint A (in India) to execute payment/receipts on account of purchase and sale of shares through savings bank account of NRIs maintained and appoint B (in India) to execute purchase and sale of shares. A will charge Rs. 100 as transaction charges from NRI customers (which will be collected in India). A will retain Rs. 25 and balance Rs. 75 will remit to XYZ Ltd.. B will charge 1% brokerage from NRI customers (which will be collected in India).B will retain 75% of the brokerage and balance 25% remit to XYZ.

What will be service tax liability of each XYZ Ltd., A and B. How XYZ will treat service tax payment (if any) in its books

we are a SSI and we hv ST reg no. as GTA...
we are service recieptants...bt our taxable services were approx. 2lacs per year..so we hvn't filled any returns after sept,07...and as a results we were sent notice by ST department...for non filing of returns....
but master circular says that if below no NIL returns are to be filled...

What is d solution, can anybody suggest..???

I am working in partner ship firm we develope and construction of residential flats as we pay service tax or not. If we pay what is the rate of Tax.

one of my client has applied for service tax registration showing Interior Decorator as service. Against that ST1, ST2 issued 2 day before through email. On that ST2 official Seal has not taken yet. Now I want to amend my service & I hv to Shown it as "Works contractor".
How can I do this??
Before taking Sign & seal on earlier ST2, Can I make this amendment???
Plz tel me the Procedure...

co-operative society(bank)is a body corporate and as per Sec. 2(7) of companies Act, a co-operative society is out of definition of body corporate and therefore, Is the co-operative society not exempted from service tax so far as banking services are concerned by exclusion through definition.

The Company X given contruct for construction of residential complex to contractor i.e. Y. The contractor is charging service tax in accordance with Works contract service. The Company X is happy with performance of contractor Y and paid a sum in the form of bonus/exgratia. Whether this bonus/exgratia will cover under service tax or not ?

my service provider charge the service tax for full amount of bill, but as per govt. dicesion there are difference in the rate of gas. they refund me difference of rate amount but they not give me refund of service tax amount. they told me to take refund service tax from service tax dept. can i get refund of service tax? if not then what remedy for me to recovery of excess service tax

plz send me reply as earlier as

We take contract work from railways which involves changing rails, sleepers e.t.c. and do not involve any purchase/sale of material.
We heard that under works contract, and service provided to railway, it is exempted under the service tax.
I want to know the exact section under which it is mentioned, it would be very kind of you if you can send me the website link of the same in the central excise website.

I had a query If a Foreign Company recieves a contract of Overhauling of machinery from Indian Company( Say A ) and the the Foreign Company outsource that contract to the another Indian Company ( say B ). My query is that when the Indian Company ( B ) will raise the invoice to Foreign Company, Will it be treated as Export of Service and accordingly whether we need to charge the service tax.

I would like to know whether this exemption is available every year. or having paid the tax in a year, has one to continue paying service tax next year even when the turnover does not exceed Rs.10 lakhs