Hi

i am working in service oriented company(st category (business auxiliary services, are we eligible to claim service tax input?
at present we are paying 100% payment
is there any specific conditions has to be follow for claiming st input.

Kind of service
providing man power to it companies, getting fixed retainer every month, apart from we are doing all kind of service (like phone bill eb bill, travel booking for that we are getting handling charges from 50 to Rs.500

please advice

Regards
Sridhar

Case Study;-
Mr. A of USA is giving professional service to Mr.B of India. Contract amount is Rs. 10 Lakhs. Contract is such that Mr. A says that he want Rs. 10 Lakhs in his hand & says that he is not concered with service tax & TDS u/s 195A.
TDS Rate on such income is 20%.
Service Tax Rate is 10.3%.

Both the TDS & Service Tax is to be deposited by Mr.B of India.
How will the TDS & Service Tax will be computed ?
Please help me out?..........

Sir,

I have paid Service Tax with interest. I was told that Penalty also to be paid @ Rs.200/- per day from the due date of payment till the date of remittance.
My query is : I have paid the tax with interest. Is it necessary to pay penalty also.
Please advice
Thanks
P. Hemanth Kumar

Dear Sir / Madam,

Plz inform whether cenvat credit is allowable of excise duty paid on steel used in construction of a five star hotel.

Plz reply urgently.

How could I Obtain Service Tax Registration No. on firm operated by Individual person.Pls, tell me detail procedure

Dear Sir,
Please explain me regarding vehicle halting charges in GTA services. I want to know, we are liable to pay service tax on halting charges or not? Please help me and give good advice.
thanks is advance.

pl advise me for: a collection agency for bank ( regd with Service tax dept.) is not getting Service Tax frm principal is require to deposit service tax.Secondly the co. has not submitted his ST Ret since last 3yrs but have deposited tax for some periods.pl.guide accordingly for penalty n interest also.

I am a commission agent in housing finance industry. My earning is just going to be about Rs 10 lakh

Following are my queries:
1>If it is less than 10 do I need to take any action

2> If it crosses 10, than do i need to take any action

3>What are the steps that I need to remember in future for any action below 10 lakh or above it

Can somebody explain:
Point of Taxation Rules, 2011 have been framed vide notification 18/2011-ST and made effective from 01.04.2011. These rules determine the point in time when the services shall be deemed to be provided. The general rule will be that the time of provision of service will be the earliest of the following dates:
i. Date on which service is provided or to be provided

ii. Date of invoice

iii. Date of payment

6.2 Consequential changes have also been made in the Service Tax Rules, 1994 to alter the payment of service tax from receipt of payment to provision of service and also to permit adjustment of tax when service is not finally provided.

Tags: Point of Taxation Rules 2011

Is there any changes in budget 2011 for payment of service tax on quarterly basis on billing ? . If yes,then from when these changes are applicable .