Dear Friends,
i have got an information regarding panelty for delay in payment of service tax @ 2% p.m. on the amount of service tax. as per this information, effactive rate of inerest & panelty on delay in payment of service tax comes out to 37% p.a. (13% interest + 24% panelty as told above). But i could not find any notification/ circular or any legal provision in this ragard. Pls. tell me about the same provision.

thanx

what happened if the jobwork supplier is not registered under service tax.Is it compulsory to registered u/s ST3.What is the privilege of registering under Service Tax.

Dear Experts,
Technical Fees paid to director of a company who is foreign national. Also service tax has been deducted. My doubts are
1) While calculating the Technical Fees should we also add the Service Tax paid?
2) If yes while calculating TDS we should also include Service tax. (i.e. TDS has to be deducted inclusive of the Service Tax bill)
3) There is DTAA with the country, therefore normal provisions or DTAA whichever is lower has to be applied?
4) We are filing the Director's Return in India too...so while calculating Income from Business of that Director should i have to take the amount inclusive of the Service Tax or Net of Service Tax.
Thanks for all the experts who guide me in this issue. It is highly appreciated.
PLEASE PROVIDE ME WITH THE RELEVANT SECTIONS WHEREVER APPLICABLE.
With Regards,
Rajesh.

Hi All,

Can I Produce Consent letter to store goods as an Adress proof for the registration.

Kindly help me out.

Thanks in advance.

Dear Frnds,

I am working in an automobile co.i have create service tax ledger(service tax 10.3 %) in Tally ERP 9 r 1.82.But when i am passing entry ,,the service tax is calculating only 10 %,the ed.cess & sr/ed cess is not calculating.

Pls any one guide me accordingly.


Thanks&Regards,

JAGJEET SINGH
Himachal Pradesh

Generally Software Companies claim Service Tax paid as input credit . Therefore the Govt is collecting the Service tax from Partys and Returns the same to the Companies..Then where is the question of Revenue to the Govt?

What is the meaning of the Input credit availed & input credit utilized.

Is availed means the amount eligible for cenvat credit being credited in the books( but the payment has not been made)

& Utilized means that how much out of availed has been paid during period & hence is eligible for deduction.

What will happen with the cenvat credit if the Company is doing both the trading of goods & the service providing activity & receiving the bills for say auditors fees, Rent etc. Will the Amount of bill be apportioned & hence the cenvat credit will also be distributed & can be availed only against the service providing activity. if yes in which proportion

What is the latest requirement of documents for Registration of services provided by an advocate?

Dear All,

We are manufacturing unit situated at vapi phase 1, the premises is on lease/rent basis and hence we are paying service tax on immovable property. Now, can we avail credit as "INPUT services" and clear the duty on our finished goods. please reply on commercial_vapi@eltete.co.in