Should an advertising agency charge service tax on the interest charged for delayed payments?

Also should an advertising agency charge service tax on the interest on loan given?

Purvi

Can you examine from a service tax angle the following proposition:



A Company will contract with local vendor ( contractor) who will provide Human Resources -
These resources will go onsite and work on the Company's client locations -

Contractor will invoice the Company for the cost of resources in INR- local sales

Company will invoice in US$ the onsite Company's entity at cost plus statutory markup- export sales


Questions:

Can the contractor avoid invoicing the Company without Service tax since the resource is working Onsite ( deemed export ?)

Can the Company take duty credit/refund for the service tax paid on the contractor bill, since it will be exporting these services?

Can the Company utilize the service tax paid on contractor bill for adjusting with service tax liability on Import of Other services – ie on Finance Shared Service Centre, payroll etc.

Waiting for an early reply. with good example if possible

A newly incorporated firm is engaged in Advertising Agency Business (i.e. making and preparation). It designs and prints flex hoardings for its clients. It has an annual turnover of around 12 Lakhs.

The purchase bills for raw materials are of 4% and 12.5% VAT items (obviously, the firm had to pay vat on purchase) eg, it paid 4% VAT on purchase of Flex, 12.5% on purchase of clips etc. My questions are:

1. Does the firm, being an advertising agency, need to file VAT Return or Service Tax Return.

2. If the firm needs to file service tax return and charge service tax to its clients, then on what value should the tax be calculated. (Whether the cost of raw materials consumed should be considered for computing service tax or should be excluded...as the cost of all the raw materials cannot be bifurcated precisely e.g. ink used in printing)

3. Can the firm enjoy the VAT input on purchases. If yes, how?

4. What will be the best way to record purchases and sales in the books of accounts (plz give specimen entry)

5. The firm has already got VAT Registration. In case VAT is not applicable, what should be done in present circumstances.

Hello Sir,
We are the newly established Construction
Private Limited.

Do we require to register for Service Tax?
In which cases, service tax will be applicable to us?

thank
Bhargav

Hi

I have two offices in mum and blr and both are working under the same company name. We have registered both the offices seperately with the Service Tax.

Can we go for a Centralised registration for all the branches under the same company. If yes which section of the Service Tax Act says about that.

Pls let me know. ASAP

A service provider rendering Commissioning and Installation services, charges his customer Works Contract Tax (WCT - a State levy) but not paying service tax on the grounds that Sales Tax is paid. The department says that WCT is not equivalent to Sales tax and involves both material and labour hence wherever WCT is paid service tax is to be paid on the whole contract value after due abatement. ST is not payable only in cases where the service provider is paying VAT. Is the departments view is correct?

1)A co has registered for GTA service on 25.03.07 only. whether it has to pay service tax for freight paid from 1.01.05 (notification date) or from the date of registration?

2) Whether due date is 5 th or 25 th of suceeding month for GTA service tax?

3) If it pays the service tax by one day delay, whether int rate applicable is for one day or one month proportionately

sir iam having a construction company in karnataka . i have an own land and i have started construction on my own with out giving any contracts.we have constructed more than 12 units.weather any service tax is applicable.and also i heard that builders have different categories to pay the service tax can you give me brief about the following im waiting for your valuable suggestion

I am manufacturing company. I make various import purchase during the year. and for that I have availed service of C & F Agent who provides me various service like pmt of dock charges , custom duty , CHA charges , transportation etc on my behalf and than he raised the 2 bills
1 ] 1st bill for his agency charges
2 ] 2nd bill for expenses incurred by him on our behalf

my question is can I take Service Tax Credit for the amount of service tax charges by various agency , payment of which is made by my C & f agent on our behalf.

Pl give me checklist & procedure & documents required for getting Service Tax credit as third party ledger is not in my books and service tax credit is available on payment basis.

We are in business of CAB OPERATOR. We pay parking and toll tax charges whcih altimately recovered from the client.

We incorporate the same charges in bill but not CHARGED SERVICE TAX on these charges

Please advise whether we are correct or not. Whether service tax would be chargeble on parking and toll tax

Regards

Yogesh gupta