wat is provisional payment in service tax?

We are a private limited company and we provide project consortium services starting from prefeasibility services upto commercial production and after that financial and accounting services. We have created consortium and affiliated with architects, chartered accountant, project management consultants. we provide one stop shop services for new project set up. Like our affiliate architect will provide service and will raise bill to our company and we will add our margin to that bill and will raise bill to client. I want to know under which category these services fall as directly we are not providing services. can we call it business auxiliary service? Please provide details regarding service tax applicability also.

We filed ST return for 2nd Qtr. FY 2010-11 on April.2011. But while preparing balance sheet for FY 10-11 it was observed that there was some amt. outstanding agst.ST and paid same on Sept.2011 with interest.

My question is how I revise ST return for that period since 90 days from date of filing is over

If any Individual provides services like yoga & meditation,what would be the Service tax implications on that services & whether it is to be included in "HEALTH AND FITNESS" SERVICES?

If any body having any ideas Please pass on to me

Regards

Laxmikanta panda

lkpanda.ca @ gmail.com

We are paying the service tax on the basis of receipt of service tax from the customer.
and in service tax return also, we are showing the taxable value,which we received (not on the basis of bill raised)

As per new notification applied from july'11,we have to pay the service tax as soon as the bill raise.

Can you please guide me how to show the taxable value in FY 2011-12, 1st half yearly return.

(Example- For the bill raised in the month june'10 of100000/-, i have received the amount in april'11.

In ST 3 of FY 2010-11 (in april'10 to sept'10) we have not shown the same 100000/-.

Now in FY 2011-12,1ST QTR RETURN HOW TO SHOW.

please help me out.

Hi,

Can anybody give me a clear idea about Service Tax "Under Protest".Also in which case we have to follow this?

Thanks.
Gireesh

Is there a Prospective effect to this notification regarding extension of Due for Service Tax Return filing?

Regards,
Devendra K

A Co. ABCD Ltd. develop a mall and in mall some part was occupied by Food court containing 1000 seats and 12 Food Counter.

ABCD Ltd. made agreement with 12 organisation for running one food counter each in Food Court certain space was occupied by each shop and prepare particulars kind of foods and sold to customer and give computer software support.

Food Selling procedure is like below

1. Customer enter into shop and purchase Debit card of certain amount (i.e. Rs. 100, 200, 500 etc.) which is paid to cashier arranged by ABCD Ltd.
2. Customer goes to desired counter and purchased food from counter and swap card in machine situated in counter and in the end money remained in Debit card refunded to Customer by cashier of ABCD Ltd.


Accounting in the book of ABCD Ltd.
1. Net Cash collected from Customer everyday
Cash Dr. 500
To. Debit Card Sale 500
2. Total Sale made during the day
Debit Card Sale 500
To Sale 440
To Vat 60
3. Purchase Dr. 300
Vat Dr. 36
To. Certain Counter 336

4. Certain Counter Dr. 336
To. Cash 336

It is cleared from the above condition Rs. 140 is earned by ABCD Ltd each day

I want to ask about Service tax liability on above income of Rs. 140 each day, Service tax Liable or not

Dear Experts:

This is regarding a firm, into management consulting, that has commenced 3years ago. This firm has paid up all the required service tax for the years 2008-09; 09-10 and 10-11 financial years so far.

However the firm has not filed the half-yearly ST-3 returns, as they were under the impression that if the total tax is paid in full, half-yearly ST-3 returns are not required.

Now, please clarify on the following aspects:

1. Should the firm need to file the ST-3 for all the three years ie 6 half-yearly returns, electronically, now?

2. If so, what is the applicable late fee and penalty in the above case:
- is this late fee, Rs.20,000 or Rs.2000 per half year basis or Rs.20,000/rs.2000 for one full year basis or a one time payment of Rs.20,000/Rs.2000,for all the 3years for this firm?
- similarly is the applicable penalty, Rs.10,000 or Rs.1000 as the case may be, for half-yearly basis or for one ST registration for each year or for one firm for all the 3years?

*So far there is no communication from the department on the latefee/penalties due to the non-filing of the ST-3*

3. Can the firm request for waiver of both the late fee and penalties that are applicable, as it paid all the service tax in time for all the financial years?

4. What would be the applicable interest in the said case, assuming the electronic filing would be made by 5th November?

5. Firm has also realized that accumulated input ST credit is higher and has overlooked in setting against payable service tax, year on year basis. Can it file an application for the refund of input credit? Whats the process/applicable forms?
( though its possible technically to set against the future half-yearly applicable ST. But firm wishes to take the refund of ST input credit if possible given the low volume of business)

Would appreciate, if you can kindly review the case and provide your expert advise...

Many thanks in advance

Dear friends,

as we know stax in now accrual basis.
please explain this concept to me.

i mean if company raised a bill 1000 + stax 103
total 1103/- on 25.09.2011

i didnt received payment from client. till 31.03.2012. so should i liable to pay stax of rs 103/- if yes then due date and amount of stax?

and later on company give a discount to client as a credit note of rs 200/-
Nw my another ques is Can company reverse stax on rs 200/- or not?