Hi All

One of my clients did not file thier return ST-3 , for 2010-11 Fy .
Its a P ltd.
For every month they had 1500 or 2000 laibility But in Mar -11 they have input credit 100000/- ,
If we take whole year they have exess input of ser tax,
Now i am filing their late return.
can i adjust the liability with exess credit or i have to pay all the laib raised .and carry forward the input

Abdul

Dear Sir / Madam
Please do let me know the Interest & Penalty to be paid to the Govt. for delay in payment of Service Tax.
Audit query Case1:During Internal Audit of Real Estate industry of Sales Department.It was Observed that Service tax of Rs. 1.61 crore was charged & collected from the customer for sale of Commercial units on June 2011, project completed on 26th Aug, 2010 inspite of being not applicable in case of completed projects.It was also observed that the same was not deposited with the govt. till date i.e. Jan 12, 2012.What is the Interest & Penalty for not depositing the same.Please quote the relevant provision & section no also
I had discussion with the account dept. for not depositing the service tax amount collected. They said that there was insufficient funds so will be paid afterwards with interest to the govt.
I would like to know what are the major risk in the above case as they are using the service tax amt as funds & not depositing the same timely?can the statutory auditor qualify the report on such circumstances? Is this common thing which other companies also do?Please suggest.
thanks in advance...

If we have to make a payment to foreign party for receiving professional services, then the reverse charge applies, it means we have to pay service tax to govt.,
Eg:
payment due:100
service charge:10.3
TDS: 20%(110.3)=22.06
Net Amount to be paid to the party is Rs. 77.94 or Rs. 88.24 ?

Hi iam working with one private limited company, just i want to know for service tax late payment either interest applicable or penalty applicable.

example:Service tax payment pending from April 2011 to till date. in this case how i calculate interest, penalty and late filing fees ect

Regards
ICSI Student ( Executive Program)
S purushotham

Respected Seniors & Dear friends,

I wanted to know that whether the increased penalty of 20000/- on late filing of service tax returns will be applicable for the period of 01.10.2010 to 31.03.2011, as the rule came in effect as on 1st April 2011.

I have a return due for 2010-11 2nd half (Sep-Mar), Return is Nil,
what will be the amount of penalty if deposit it as on 12.01.2012.
Kindly reply..

Thanks & Regards:
Rajneesh Singh
C/o. Rajput Jain & Associates
(Chartered Accountants)
+919868668915
+918285062011
011-43520194

Respected Seniors & Dear friends,

I wanted to know that whether the increased penalty of 20000/- on late filing of service tax returns will be applicable for the period of 01.10.2010 to 31.03.2011, as the rule came in effect as on 1st April 2011.

I have a return due for 2010-11 2nd half (Sep-Mar), Return is Nil,
what will be the amount of penalty if deposit it as on 12.01.2012.
Kindly reply..

Thanks & Regards:
Rajneesh Singh
C/o. Rajput Jain & Associates
(Chartered Accountants)
+919868668915
+918285062011
011-43520194

We have made payment to GTA for which we will be liable to service tax as reverse charge basis.

We will be utilizing the current credit balance for payment and avail credit for the same.

What accounting entries have to be passed in the books for this?

Client carrying out service of creating documentation & developing services for high tech industry. Providing technical writing (documentation) for getting started guides, user guides, administrator guides, installation guides, end user guides etc.
They raise invoices for "carrying out documentation and support work."

Whether service tax is applicable? if yes then under which category of services?

Respecter sir..
How can i calculate the service in tally.
then
How can i make the service tax online payment
what are the steeps.

Dear Experters,

I Know that more than 12 unit is appliacable service tax. In this case (Bilider share + Land lord share is 50:50 share) No of flats are 7+7 total 14 flats now attracet Service tax?

Please guide me