Dear Sir,

I have started working with a society. The existing practice is that service tax to be deposited only on receipt basis. Reason for the same is that upto Rs.20 lac of receipt we can deposit the same on receipt basis (as explained to me). Please suggest me whether this is correct or I should switch to accrual basis.

Thanks,
Shekhar

sir
Please tell me about requirements of audit under service tax ?
what is penalty if not conducted for previous year 11-12 till now?
due date in which audit should be done?

pls convey me on which point the liability of service tax for a nagar palika is available as a receipeaint and provider it's urgent.

What are the relevant legal requirements for service tax applicability on ibsurance sub brokers

Dear Sir,

We will export these services after doing the positive and negative Scanning then place it on DVD and send along with the material received from abroad.Question is am I suppose to pay Service tax to the Govt. or is it exempted from tax for export of service done.Remittance will come from abroad as per RBI Guidelines.

Sir

I have deposited Interest due to late deposit of my Service Tax. While filing Return ST3, the system asks me to mention Source Document No.. Please tell me what is Souce Document No. ? What is to be mentioned in MMYYYY column ? Is it Challan Details or Return Details ?

I'm an HUF and receiving rent on two commercial properties say A & B. The consolidated annual rent exceeds Rs.10 lacs. I want to get myself registered under Service Tax Rules. Following are my queries:
1. Do I have to take one centralised registration for both the premises?
2. How do I adjust property tax paid on rent received by me out of service tax liability?
3. What are the documents to be submitted for registration?
4. Can I give my residential address for registration?
5. Do I have to give the name of my HUF as appearing in the PAN Card or I can give my individual name for registration?
6. Can I get CENVAT Credit of Service Tax paid by me on Services received towards rental income like Telephone, Legal Fees, Maintenance of Building?

There is a partnership firm carrying on trading business.
Goods purchased by them come through Goods Transaport. In terms of Notification No. 30/2012-Service Tax issued on 20-06-2012. I understand that they have to deposit service tax on goods received by them and freight paid thereon on the basis of above circular.The monthly freight bill is around a lakh of rupees.
I require following clarifications:
1. At what point of time I’m liable to get myself registered as service provider?
2. Whether I’m entitled to the basic exemption of Rs.10 lakhs per annum?
3. Whether I’m entitled to set-off service tax paid by me on services received during the year?

One of my client being an Individual has given Factory premises owned by him (i.e.Commercial Property)to 2 occupiers being manufacturer covered under Excise law based on Sq.yard rate by means of Leave and Licence Agreement. Rental Income comes Rs.163000/- and 10000/- p.m. respectively from these 2 occupiers.
Hence up to Aug,2012 the Total Rental income from each Individual occupier comes to Rs.815000/- and Rs.50000/- respectively, Hence total aggregating Rs.865000/-. Now for the month of Sept,2012 Rs.163000/ and Rs.10000/- If we consider the said Rental Income then My client has to register with S.T. Dept. and charge S.T. as total Turnover exceeds Rs.900000/1000000/- as the case may be. Accordingly I apply for the same i.e. ST-1 in the month of Oct,2012 i.e. on 25/10/2012 today itself..

Now my query is as under:-
i) How to prepare Invoice/Bill to each Occupier along with Service tax @ 12.36% from Sept,2012 & On-wards as in Sept,2012 itself turnover exceeds Rs.1000000/- i.e. Rs.978000/- & Rs.60000/- from each occupier.
ii) How to compute Interest @ 15% p.a. for delayed payment of Service tax and on which amount as well as for how many months i.e. either for 1 month or 2 Months.

Hi, my query is that if a pvt. ltd. company which is dealing with furnishing fabric and paints. Company for the stitching charges and paint application charges issue debit note to client. During the year its turnover of debit note issue exceeds 10Lakhs. Is company is liable for the service tax, if yes the under which service.