serice tax exemption query :
F.Y. 05-06 -TURNOVER Rs.5 Lacs
F.Y. 06-07 - TURNOVER Rs.9.5 Lacs (In the F.Y.06-07 we have to apply for Registration)
F.Y.07-08 - TURNOVER Rs.10.5 Lacs (means we have to charges service tax on 0.5 Lacs only for F.Y.07-08)
F.Y. 08-09 TURNOVER Rs.6 Lacs we have to charge service tax on entire Amount of Rs.6 Lacs .
BUT IN F.Y.09-10 turnover is 9 Lacs then service tax to be charges or not????????????????????????


because i have heard that once limit of Rs.10 Lacs is crossed then we have to charge service tax LIFETIME.

If any flat is sold at a higher rate as compared to its starting base rate (E.g. Starting base rate is Rs.1500/- per sq. ft. & due to its location and other benefits developer is charging Rs.2000/- per sq. ft.) then on additional amount charged by developer i.e. Rs.500/- per sq. ft. Service Tax charged at full rate i.e. 12.36% or abatement of 75% will be allowed to developer.

Kindly let me know how to file service tax return file on monthly basis for corporate assessee instead of half yearly. The ereturn ST3 showing the monthly details such as old type from April to Sept. W.e.f. 01.04.2012 service tax dept. has changed the return submition systems on monthly basis & what is the due date for the same.

please help.

1. If Consignor who is liable to pay freight is individual/HUF then he is liable to pay service tax on freight paid?

I am Manufacturer/service Provider, can I claim CENVAT Credit of Service Tax Element on Factory Building/ Office Premises against my liability towards Excise/Service tax on output services. Relevant extract in favor of assessee is given below.

"As per Rule 2 (l) of the Cenvat Credit Rules,2004 Input Service includes services used in relation to setting up, modernization, renovation or repair of a factory, premises of provider of output service or an office relating to such factory or premises."

Please give the specific case law in which service tax credit on construction of factory Building/office premises was allowed.

Thanks & Regards

To whom soever !!
If any assesee taking abatment on output service tax then whether he is eligible for taking credit of cenvat or input service tax for calculating net service tax payable??????

please give answer as soon as posssible
Regard,
Prayash Sundas
CA- Final

Please tell the notification or amendment for availing Input service tax based on payment with in 90 days

Pursuant to negative list, will interest on loan- secured/ unsecured be a taxable service w.e.f 01/07/2012.

Sr. no. 1 of Abatement notification no. 13/2012-ST dated. 17-3-2012 provides 90% on services falling under the Financial leasing services including equipment leasing and hire purchase towards interest. In light of above, can it be construed that interest is not a service?

What is percentage of Abatement on restaurant service under service tax kindly provide notification details.

Thanks & Regards

We are the manufacturer. In the Budget 2012 there are three services are bring under the reverse charge mechanism. (1) Manpower Supply for any Purpose (2) Hiring or Renting of Motor vehicle and (2) service of individual advocate.

Whether we need to update our service tax registration for inclusion of specified services under reverse charge mechanism as the classification section recidend due to introduction of negative list and place of provision rules.