Dear All

In case of a telecom company, is service tax applicable on cheque bouncing charges recovered from a subscriber?

Late Payment Fee has been expressly excluded from the purview of Service Tax in case of telecom companies since no telecom service is rendered vide a ST circular.

Can similar stand be taken for Cheque Bouncing Charges?

Regards

Payment of Fixed Annual installment of Know-how fee to a foreign company under a contract agreement- TDS u/s. 195 charged on such fee & deposited with Incometax Department and Service Tax charged on such fee & deposited with Service tax Department. Total being Know-how expenditure debited to P&L a/c. forming Operating cost charged in manufacture of a goods on which excise duty is paid.
Now Servicetax authority is asking to pay servicetax on TDS amount. What is justify?

Hi,
can u please send the entire details of "SERVICE TAX ON WORKS CONTRACT" and the related features. Specifically about the composition scheme and its method of computation.

one of our client is a construction contractor. It has received an work-order for construction of a residential complex at Bangalore. For computation of Service tax, it takes 33% of the total bill value. My doubt is
i am not able to idnetify any such provisions in Service tax Act. Under which Act it has been stated that 33% of the total bil value shall be considered for the levy of service tax.urgent please.

Is there any Service Tax applicable towards bill raised to a Foriegn Co. towards advt. space sold in an Indian publication?

The Foriegn company does have any base in India.

Is there any service Tax applicable on the bill raised to a Foriegn company towards advertisement space in an Indian publication ?

Dear Sir/madam,
Service tax return is compulsory for those who are comes under service tax applicability, but there are some company who are not come under service tax applicabilty and paid huge amount of service. can these company claim for service tax amt refund.

1.commission received by a bank (Both own commission & commission of other Bank)on Bills/cheques for collection are credited to Profit & loss account
2. The bank pays a part of the commission to other banks which is involved in the collection of such instrument and such commission paid(Commission ceeded) are debited to Profit & loss account.
3. The Bank for the purpose of payment of service tax had netted the commission received & paid and the net amount only offered for service tax.
4.Now the audit party of the Central Excise Dept. has asked the Bank to pay tax on the entire commission credited to Profit & loss account with out considering the commission ceeded to other Banks.
5. is the contention of the Department correct.
5. Can any body give any citation on the netting of commission for service tax payment.
6.The commission received credited to P&L account also includes reimbursement of commission to other Banks and therefor the entire credit is not the income of the Bank

Dear All ,
My Company Is Received Service Tax Notice from the Department . Regarding Non Complience for non submission of Return . But now My company is submitted all the requried return . i want to submit reply letter to the company . please give me formate to reply

SIR,

I HAVE PAID SERVICE TAX IN WHITE CHALLAN IN PLACE OF YELLOW CHALLAN IN JAN. 09. NOW, WHAT TO DO FOR CORRECTION? OR IT WILL BE CREAT PROBLEM AT TIME OF FILLING OF RETURN.


THANKS & RGARDS
SHAILESH