Dear Sir,

Can any one tell me in lay man's language what is the reverse charge mechanism?

ONE OF MY CLIENT WORKING AS CONSIGNMENT AGENT AND CHARGING SERVICE TAX FROM CONSIGNOR ON HIS COMMISSION/ EARNING. HE IS ALSO PAYING SERVICE TAX(IN CASH) OF FREIGHT UNDER REVERSE CHARGE METHOD WHEN HE DEPATCH GOOD TO HIS BRANHCHES IN THE OTHER STATES.

IS HE ELIGIBLE TO CLAIM CENVAT OF SERVICE TAX PAID ON FREIGHT UNDER REVERSE CHARGE METHOD ?

IS THERE ANY RESTRICTION / CONDITION ON IT ?

Anyone please tell me, What is service tax rate for Advertising Agency. I think it is 1.32%. Whether service receiver is liable to pay ST, if service provider collect ST @ 1.32%.

Thanks in Advance.

Dear Sir,
Kindly clarify me in the following issue:

Service Tax on Director's Remuneration is applicable from 01.07.2012. However, reverse charge mechanism is applicable from 07.08.2012. Hence, for the period 01.07.2012 to 06.08.2012, Service Tax is to be paid by the Director himself for which he has to register himself with Service Tax Dept.

So, my query is, for registeration purpose, whether the limit of Rs. 10 Lacs is considered for annual remuneration or for the remuneration between 01.07.2012 to 06.08.2012?

Thanks & Regards.

Dear All,
One of our vendor has not charged Service tax from past 3 year and due to notice from Service Tax now he is asking us to pay service tax from past 3 years, If we pay that amount to him, is that possible for us to take Cenvat Credit? please explain us with the sections and notifications.

Dear sir,
I want to know that whether service tax is applicable on private college, providing +2 course .If yes, Please give details.

Please let me know what to do on following issue.

One of my client is a individual legal consultant. who has provided services in F.Y.. 2011-12 for Rs. 9,63,000/- and in that year legal services provided by individual not come under legal consultancy services.

now in a F.Y. 2012-13 they received payment of last year and this year more than Rs. 10,00,000/- and according to new rules of service tax now individual is also liable for service tax

They have also not taken registration for service tax as it was not taxable services in 2011-12.

Now what to do?

1) Whether he require for registration as in last year service provided by him increases Rs. 9,00,000 though it is not taxable.
2) How they have to pay service tax i.e. from the date 01.07.2012 they have to calculate Rs. 10,00,000 of receipts and when receipts exceeds Rs. 10,00,000 than they should pay service tax?
3) whether they have to collect service tax in bills?
4) In F.Y. 2012-13 its taxable turnover will not increases as his son also started consultancy as individual with his father so bill will get distributed.

If vendor charges the Invoices with Vat and Services tax what would me accounting treatment for the same. should we deduct WCt and TDS amount on labour charges

Dear All,

I want to know that after 01/07/2012, service tax receiver is liable to pay 100% service tax (instead of 25%) on freight outward & if yes then can he will take any credit on this ?

Respected Sir

Are following activities of a municipality liable for Service Tax?
Pl. clarify the position prior to 1-7-2012

1. The municipality charges nominal fee of Rs. 5/- on first come first serve basis for occupying its fish and vegetable market place on a day to basis.

2. It charges Rs. 10/- per hour for usage of its swimming pool and badminton Hall.

3. It rents chairs to any member of the public on rent.