I am a junior accountant in a Labour contractor firm, i want to know about new rule of Service Tax from 01.07.12 and how to calculate the same above.

Suppoese I had a rental contract for 3 years. But due to some reasons, the contract was terminated before the completion of 3 years. In such a situation, will service tax be charged on the following :

Forfeited deposit

Compensation charged for early termination of the contract.

Since we are providing services of Storage & Warehousing,Cargo Handling,Cleaning Services & Renting Of immovable Property and for providing these services we use input services/material and avail cenvat credit on these input services/material.

My query is whether there is one to one relationship necessary to avail cenvat credit to pay output tax on output services specially in case of cargo handing service

Thanking you

whether this reverse charge wef 1 july 2012 of 50% charge of service tax is applicable to all service provider & reciever or not please expain

Dear Sir,
Please advise if service from my company (private limited company in India) to the holding company in Singapore (incorporated in Singapore) is covered under export of service after the introduction of new rules pertaining to export notified in June 2012.So will the service provided by the Indian entity to entity in Singapore be exempt from service tax in India
My concern is on item (f) as below :
RULE 6A. Export of services.- (1)
The provision of any service provided or agreed
to be provided shall be treated as export of service when,-
(a) the provider of service is located in the taxable territory ,
(b) the recipient of service is located outside India,
(c) the service is not a service specified in the section 66D of the Act,
(d) the place of provision of the service is outside India,
(e) the payment for such service has been received by the provider of service in
convertible foreign exchange, and
(f) the provider of service and recipient of service are not merely establishments of a
distinct person in accordance with item (b) of Explanation 2 of clause (44) of section
65B of the Act
Pls reply asap,its realy urgent ...thanks for your support !!!!!

Please help to clarify if a service provided by a fully owned subsidary (in India) to its holding company outside India is exempt from service tax as per the new rules on export of service effective from 1 st July 2012.
Pls reply urgently
Thanks.

Can ST payment can make through challan instead of E-Payment

Can service tax be charged on Freight?

Supermarket "A" permits a Holiday Organizer "B" to conduct an activity for a month in their premises for a consideration. A bills to B for the consideration,whether service tax need to be charged on the invoice?

Advance thanks for your reply.

in works contract i am charging servic tax 4.944 now as per new rule wef 1 july 2012 50% has to paid by both service reciever & service provider how to calculate eg if bill amt is of 50,000/- service tax charged on it is 4.944 that is service tax 2472 will paid by both party that is 1236 is this correct please explain in details