IF WE CAME TO KNOW THAT OUR CONTRACEE DEDUCTED TDS ON RS. 40 LACS @ 1% = 40000 IN THE MONTH OF MAY AFTER FILLING OF SERVICE TAX RETURN. THEN WHAT WILL BE THE SERVICE TAX LIABILITY FALL ON US ON RS. 40000 I.E. TDS AMOUNT OR RS. 40 LACS. WE HAVE NOT RECEIVED NOT ANY PAYMENT BY CONTRACTEE. CAN IT BE ASSUME IN SERVICE TAX ACT THAT AMOUNT OF RS. 40 LACS DEEMED TO BE RECEIVED TO US. PLEASE ANSWER IT. IT IS VERY URGENT.

I want to know that can I claim 100% value of cenvat credit? or there is any conditions or rules on it?I heared that a transport co. can not claim 100% value of cenvat credit,is this rule applicable for any other buisnesses? If there is any file regarding service tax rules available on internet then please tell me.

Sir,
I would like to know whether TDS is required to be deducted from service tax portion while paying for professional tax bill

my comapny is in the process of giving two wheeler on rent. My query is whther service tax will be applicable or lease tax shall be applicable. Because a tax consultant has told to our director has told him that lease tax shall be applicable.

Hello !

I m working in Silver Jewellery Manufacturing Co. and our company hired (Rent) no. of showroom in Shoping Mall for sale.

and we also pay RENT(Service Tax Included) to Pantaloon,TRENT, and many of companies.

Secondly we have also own showroom in Malls and we also given for Rent and we raise Rent Bill to party & Service Tax Charge in Bill and Further Pay to service tax.

So MY QUERRY IS Can we sett off service tax pay against Service TAx PAyable ??

how to compute Interest on Service tax daywise or monthwise

We are KPO providing services to foreign clients and receiving payment from them in foreign covertible currencies. Now we have started to provide service for local clients as well. So, in this case we are maintaining separate books for availing input credit. We are claiming input credit for services directly atttributable for providing local services. In this case, can we claim refund of input credit relating to export of services or adjust with service tax payable?? please suggest as the due date is March....

weather service tax is payabable on "receipt" basis or on "accrual basis" or any of the two basis as opted by the payer.

Hi

Is there any option for construction companies to adjust CVD of Customs duty against Service tax payable. Plese provide me the clear information regarding this.

I have the following queriy w.r.t Service Tax:

Service Tax is payable on receipt basis. Say:

Amount (Rs) 100
Add: Service Tax(say) 12
Total Invoice 112
Less: TDS deducted(say) 10
Bank Receipt 102


In the above example, how much service tax should be remitted & when?
Like should the Company remit full service tax on receipt of Rs 102/- or else proportionately on the receipt of the Rs102/- & balance on receipt of TDS Certificate. I was basically worried as TDS certificates are received later.

Kindly provide your views(Please refer notifications/case if any)

Thanks & Regards
Ari