w.e.f. 01/04/2012, rate of ST has increased from 10% to 12%. In general cases, where payment thereof was on accrual system, the rate change will not bring many practical difficulties. However in case of CA, where their ST liability arises on receipt of fees, what happens when invoice is raised @10% tax & at the time of recipt of fees, the rate is 12%. Following are the major issues relating to the same :

As per analysis of a couple of experts, ST liability in case of CA shall arise at the rate prevailing on the date of receipt of payment. So in present case, since the rate is increased from 10% to 12%, the applicable rate for all receipt in the current FY shall be 12%. Is this analysis tight?

Secondly, vide notification No. 3/2012-Service Tax, in case of CA having turnover more than 50lacs, liability / payment of ST is changed to accrual basis. So how do we tackle practical dificulties, like raising an invoice & thereafter either cancelling the same or else discounting it at the request of the client?

Shall we get service tax credit (in light of hte basic rules of reversal of paid service tax - either the whole / part of the service to be provided, was not provided at all and the entire money, if at all received, is refunded to the client.)?

Can we go by some provisional billing till the time the money is recd from the client, before raising a final invoice & paying service tax on it, even when the service is already provided?

Rental income(commercial) service tax delay interest payment . what is the code for interest against rental income tax

hello.

i got to file revised service tax returns for April 11 to sept 11.

i filed NIL returns on 26th dec. and the date got extended uptil july.

returns to be revised withing 90 days of return filing.

is it 90 days from the date of return filing or from the due date of filing.

Advice.

A dealer registered as Authorised Service Station while filing the Service tax Returns takes input of service tax paid on bills of electricity and Telephone installed at registered premises. Is he right in doing so or not? Yes or No.. why and under which section?

sir,

service tax payment on or before 5th every month and only march for 31st.

my query any delay payment service tax paid to bank . What is the interest rate of against tax and taken interest month or days . If days number of days or month number of months

What is the service tax code of education cess , secondary and higher education cess and interest

What is reverse charge under service tax with reference to freight.I am paying freight of RS1000/ To Rs 5000/ per trip for 30 kms distance transportation. Freight is paid by me.We pay freight after lorry owners sign our vouchers.are we liable to pay service tax.Please reply urgently.I am paying freight charges under proprietorship firm and goods are purchased for trading.I am paying freight Inward & Outward. Am i Liable to pay service Tax. I am Proprietor of Firm lifting goods from partys godown to my godown and paying freight to transporter.who will pay service tax.

problem in st-3 file validation future date is not allowed

in case u are facing problem in

R,Sir/MAM,

service tax registration was done in feb-12 but service tax amount was collected from april-11.but application was done in april-11.due to some pending of documents registration was done in feb-12.i have paid the collected amount on march-12 with interest. should i have to file service tax return from april to sep 11 and oct11-mar12 also?.. pls give me reply...

Suppose company A is reimbursing transport charges to supplier for supply of goods separately and supplier pays to the transporter.
My query is, liability to pay service tax against GTA is of supplier(supplier is individual) or company A ?

Is it mandatory to put rubber stamp (cenvat aviled stamp)on cenvat availed bills?


If yes, are Following content sufficient on a rubber stamp

Nature of service
Bill amount
Service tax amount
Education cess amount
Paid date
Sign of accountatnt