1) MR. X IS GIVING CLIENTS TO MR. Y (WHO OWNS SERVICE APARTMENTS. AT THE MONTH END MR. Y GETS THE FULL PAYMENT AND MR. X GETS HIS COMMISSION FOR GIVING MR. Y CLIENTS. WHETHER SERVICE TAX WILL APPLY ON SUCH COMMISSION IN THE CASE OF MR. X?

2) AND MR. X WANTS TO FILE AN INCOME TAX RETURN FOR THIS YEAR BY SHOWING SUCH COMMISSION INCOME. IS IT NECESSARY TO ALSO PREPARE A BALANCE SHEET?

Hi All,

As per my knowledge if the same assessee provides more than one taxable service, Rule 4(4) stipulates that a single application will suffice, mentioning therein all the taxable services in Col. 4 of From ST-1, all the taxable services must be entered.

My questions are:-

What are the penalties in case assessee does not mention all taxable services in ST-1?

How can assessee get the other services included at later stage?

What if the assessee has not registered for that services but charges and deposits the service tax?

What if the assessee has registered for a service but at a later stage not providing that service?

Hello!

Can any one clarify whether the service tax is applicable on infrastructure development of sports for Government Agencies? If yes please give the head under which it comes.

Hi friends, i want to share something which actually happens in our practical training...i am little confused about the Treatment of discount on service tax....plz help me out to resolved the following query.

As per recent addition in Services under the ambit of service tax .Services provided by the hospital in relation to treatment of patients on behalf of Companies to their employees & similarly payment made by life Insurance companies Under mediclaim & other services to their customers.
Our client (Hospital) generally charge the service Tax on the whole amount of Invoice, But as per the terms & agreement with the Insurance Companies considering the present competition 40-50% discount is allowed to them.....hence the payment received....in relation to the above services is half of the actual amount charged.....so what treatment should be Made for the balance payment......which is never receivable......at present whe are paying the tax on the actual amount received..........should we continue with the same.....??

Thanks in Advance.

Hi all,

I have a query on service tax registration number.

Can we find out the service under which an assessee got registered under service tax using his service tax regisration nmber

Hello,
One person is carrying out contracting business. For the f.y.2006-07 and 2007-08 he was also doing business as contractor in individual capacity as a proprietor. Now,In service tax audit procedure, whether he can be liable to pay service tax considering him as a GTA though the business was in proprietory concern??

Thanks

Dear Experts...

Please solve my problem...

I have to deposit the Service Tax on Import of Services (Technical Know How provided by a Chinese Technician)

We paid him Rs. 7,78,896/- (US Dollar 15000)

Now my problem is that while making the online payment, I am confused that which Accounting Head to select.

Please also inform that, are we eligible to take the credit of the same or not.

Thanks in advance...
Waiting for a quick reply..

A COMPANY IS PAYING SERVICE TAX UNDER SECTION 68(2) AS SERVICE RECIPIENT UNDER CATEGORY "TRANSPORT OF GOODS BY ROAD". CURRENTLY IT IS NOT PROVIDING ANY TAXABLE SERVICE.

NOW IT IS ABOUT TO START PROVIDING TAXABLE SERVICE OF "RENTING COMMERCIAL COMPLEX".

GROSS RENT RECEIPT IS LIKELY TO BE LESS THAN Rs.10 LACS.

WHETHER BASIC EXEMPTION OF Rs.10 LACS SHALL BE AVAILABLE TO THE COMPANY ?

are there only 8 services which for the ipcc portion consists of ?(attempt-may2011)

Dear Experts

Can anyone explain about concept of Point of Taxation as introduced in Budget 2011- 2012.