If the payment for bill raised in Nov.08 was received in March'09 and it was dishonored and I received the cheque again in April'09. Service tax has also been received @12.36% then I would be paying the same to Govt. at the same rate or I would be liable to refund the excess amount to the party? How should I account for it?

We have accumulated the credit for 6 months for service tax. How long it could be availed? Suppose my Service tax to be paid in Month of Oct is Rs.100000 and my Cenvat credit stands at Rs.10000 accumulated since April'09?Could it be availed now?

As far as I know service tax can be paid on Bills collected basis. But what if bill for professional fees has been raised?Then while calculating Fees we credit Service Tax payable also. Is it necessary to pay the whole amount of Service tax liability even if the fees has not been collected yet at year end?

One of my Client is a Authorised Dealer of Hero Honda Motorcycle Ltd. in a capacity of Individual (Prop.ship Concern)

He paid freight to company.
Company frieght Invoice show Service Tax Amount paid by consignee.

Who is liable to paid GTA.

Hero Honda Company or Dealer (Prop.ship concern)

please suggest.

Dear Mr. Warrier

I has received two views of my quary

As u said that 1,00,000 divided by 110.3 & multiplied by 10.3 will be the ST Amount

whereas Mr. ravi told me that 10.3% on 1,00,000 will be the ST Amount

Is there two views on this simple question

Please give me some direction as i m on the audit of a multinational company

please guide me about rate of interest and penalty on late filling on service tax on transport by road ( steel products - resale materials ) for f.y. - 2009-10.it is necessary to file six month report, also last date of filling the return???

We are traders in furnace oil & other chemicals. There are huge amount of transportation involved on what we have to pay service tax @ 2.575% under reverse charge mechanism principal. Kindly advice can we utilise our cenvat credit balance for making above service tax liabilities.

Wheteher there are any recent notfication/amendment/changes in the above provision ??????

Can i take Input Service Tax Credit on Purchase of Technical Know how? and if Yes, up to What extent 100% or 50:50% in two years?

Dear Sir

I have some doubt on Service Tax Rates under composition scheme.

Earlier when Rate was 12.36% it comes out 4.12% (12.36% of 33.33% Value =4.12%)

At present Rate is 10.30% hence It should come 3.43% (10.30% of 33.33% = 3.43%)

But during one discussion I came to know that Rate of Service Tax under Composition scheme is still 4.12%.

Please confirm me whether it is true or 3.43% is correct.

Thanks

Dear Mr. Ravi

If that foreign company is raising a bill of amounting Rs. 1,00,000 then that 1,00,000 will be assumed as including service tax or not inclusive service tax, means what will be the calculation of service tax?