Expenses (Lease Rent) along with Service Tax accrued in Oct~Dec’08 but paid in Jan~Mar’09. Whereas company did not have taxable income in Oct~Dec08 but It has 50% of revenue from Taxable Services, can the company claim set off of 50% of aforesaid service tax amount in Jan~Mar’09 (since set off of service tax is claimable in the period during which payment is made)

Also can the company carry forward Service Tax incurred on Lease Rent capitalised (during construction period) for set off against future taxable income (though it may provide exempt service in the interim period partly or fully)

Expenses (Lease Rent) along with Service Tax accrued in Oct~Dec’08 but paid in Jan~Mar’09. Whereas company did not have taxable income in Oct~Dec08 but It has 50% of revenue from Taxable Services, can the company claim set off of 50% of aforesaid service tax amount in Jan~Mar’09 (since set off of service tax is claimable in the period during which payment is made)

Also can the company carry forward Service Tax incurred on Lease Rent capitalised (during construction period) for set off against future taxable income (though it may provide exempt service in the interim period partly or fully)

Expenses (Lease Rent) along with Service Tax accrued in Oct~Dec’08 but paid in Jan~Mar’09. Whereas company did not have taxable income in Oct~Dec08 but It has 50% of revenue from Taxable Services, can the company claim set off of 50% of aforesaid service tax amount in Jan~Mar’09 (since set off of service tax is claimable in the period during which payment is made)

Also can the company carry forward Service Tax incurred on Lease Rent capitalised (during construction period) for set off against future taxable income (though it may provide exempt service in the interim period partly or fully)

sri,
please clarify that whether the account settlement with vendor shall treated as payment or receipt for payment of service tax. ex i provide service for Rs 100000 and ST Rs. 12360 and the purchase of Rs 60000 than whether i suppose the Rs. 60000 receipt for payment ST.

pls clarify with support of laws.

Dear All,

I have one pvt ltd company and received raw material from the suplier. but on transportation of raw material we have not paid service tax on such transportation.

Now I got a notice from excise dept. that ur liable t pay service tax from dated 01-01-2005 hence pay such amount of service tax with the interest and file return?

Tell me that there is any notification or clause or case law so we cans safe ourselves from the same.?

Pls reply.....

One properietry concern whoes collection goes up to 900000 so they registered and take service tax number in the same year they collect receipt about 13lakh and paid service tax, in the next year they collect receipt of 7 lakh and paid service tax as per rule and regulation, in third year also collect Rs. 7 lakh, My query is can we take Basic exemption limit of Rs.10 lakh in third year because of collection below exemption limit from contiuning 2 years, please give me soulution and logic behind it
Thanking You

My company is in SEZ Noida and we also have units in Haridwar, Dehradun and Noida DTA. All the units except Noida DTA are exempt from Service Tax liability. We are getting a common bill for services provided for all these units. Should service provider charge the service tax on the portion of services provided to non-exempt unit???

Can I revise service tax return beyond 90 dates from the date of filling of return?

who is the small service provider . please tell that what is the exemption of small service provider .
the exemption we give to the ssp it is given every year or we give some year .

RESPECTED SIR,
I WANT TO OPT COMPOSIT SCHEME FOR A PARTICULAR WORK CONTRACH (INSTALATION OF PIPE FOR INDERPARSTHA GAS LTD) I HAVE RECEIVED IN APRIL 2008. PLEASE ADVICE ME
1)CAN I GO FOR THIS SCHEME
2)WHAT I WOULD HAVE TO SUBMIT IN SERVICE TAX DEPARTMENT FOR THE SAID SHEME
3)WHAT IS THE RATE I WOULD HAVE TO PAY UNDER THE SAID SCHEME.

THANKS ANS REGARDS