dear sir,
ours is a mfg. unit having excise regn. For Freight on Inward Raw Material only, we have taken Service Tax Regn. And we are regularly paying & filing quarterly Service Tax Return. Now we want to avail cenvat credit of this service tax paid by us under "Input Service" & also want to avail cenvat credit of service tax paid on other input services like Tel. Bills, Courier Bills (all bills in co's name)etc.
Pl. let me know (1) Can we take cenvat credit of above services ? and if YES, (2) what records are to be maintained (Registers / forms etc)under Service Tax purview ?
thanks in advance
anckoor

What is the Rate of tax in Services involved in the execution of a Work Contract as on 8th Nov. 2009?

Dear Experts

Company "X" gets Job work done from Company "Y" and the Company "Y" (ob worker) charnges Service Tax on Job work charges. Company "X" also sells material to Company "Y". Now Company "X" has to pay to Company Y" on a/c of job work charges and on the other hand Company "X" also has to recover amount against the sales made to company "Y".
(Sale are being separate transaction)

Company X" instead of making payment to "Y" (on a/c of job work charges) adjust the amount payable towards the same agaisnt sales made to the Job worker.

WHETHER ADJUSTMENT OF SUCH NATURE WILL AMOUNT TO PAYMENT MADE AS PER SERVICE TAX RULES.

WHETHER COMPANY "X" IS ELIGIBLE TO TAKE CREDIT OF SERVICE ON THE JOBWORK CHARGES AFTER SUCH ADJUSTMENT.

PLEASE CLARIFY THE ABOVE IN THE LIGHT OF RULE 4 (7) OF CENVAT CREDIT RULES, 2004

Regards
Sameer

If a Custom House Agent /Steamer Agent gets riemburshment from his client against his misc. bills raised separtely for specific services like rent,courier,telephone,frieght& handling charges etc ., can he be treated as pure agent under Rule 5(2) ? and will he be taxed under a separate category under service tax ?

hello,

I want to add up service tax catgory so, which form to fillup and submit to the department?
pls repaly.

Jagdish

Our one client is co-operative bank and they have purchased license for original windows operating system of Rs. 643762/-. The vendor co. is charging the Service Tax of Rs. 65859/- and VAT amount of Rs. 32188/- in the bill. They have to say that it is covered under Information Technology services.

Please clarify the matter that whether both the tax will be chargeable or not. But the vendor co. is not showing its service tax no. in the invoice itself.

Waiting for the reply

CA Rohit Vijaywargiya
Gwalior

Dear Sir/Madam,

I want service tax return form/challan st-3,Income Tax form/challan,

Now I want to confirm :- what is the process pvt ltd account maintain by monthly yearly step by step exp. monthly returned , (service tax, Vat,) or any other taxes ,

Thanx & Regards,

Is it correct that service tax credit cannot be taken on service tax paid on telephone bills

Dear Sir,
Service tax billed is taxable on receipt basis. Then, what about partially realised bills, whether whole of the service tax billed is remitted to government or proportionately related to collection?

An assessee is a construction contractor. He has not paid the service tax from 16.6.05 to as on date for the contract receipts. How to calculate the interest on service tax if the same has been paid on 07.11.2009?
Is the same has been calculated on day basis or month wise?
Status: Individual

Year 2005-06 Due date Contract receipts Service tax Interest
Q 1 05/07/2005 643665.00 20,960.00
Q 2 05/10/2005 1077240.00 35,079.00
Q 3 05/01/2006 1644144.00 53,540.00
Q 4 31/03/2006 1891081.00 61,581.00
Service tax is calculated on the assumption that contract receipts are inclusive of service taxes.