I HAVE TWO QUERIES
1. ARE WE ELIGIBLE TO TAKE CREDIT OF INPUT SERVICE TAX RECEIVED EVENTHOUGH SUCH SERVICE IS NO WAY RELATED TO OUR OUT PUT SERVICE?
2. SINCE WE TAKE INPUT SERVICE TAX CREDIT WHAT IS THE RATE OF SERVICE TAX WE NEED TO DEPOSIT IN RESPECT OF FREIGHT PAYMENT TO TRANSPORT AGENCIES? IS IT 12 % OR 3%?

One of My MNC Client has asked me to file Form ST-1 Online ( Modification in Address),
I had searched all the websites but couldn't find anywhere.
Only ST-3 Can be E-Filled. Plz help me out.


Suchit Seth
Charetered Accountant

Dear Ram according to you Total Freifgt of month less 75% discount balance 25% freight should be calculated for service tax @ 12.36% Now please tell me which section it has been written in Service Tax Act

Hi all,

Kindly resolve the following problem:

Suppose X company received Rs.1 lac from Y company for the purpose of execution of taxable service. X company has approached to Y company that it is registered with service tax authority and need to collect and remit service tax. X company given an offer to Y company that Rs.1 lac will be the maximum billing inclusive of service tax. Y co. is not willing to accept this proposal. X co. has already deposited the the amount into bank. Now on 5th of next month what X co. will do?
1. Should it deposit proportionate s.tax?
2. It should not, because entire money is to be refunded to Y co. as Y co. is not agreeing with the service terms.
3. X Co. should wait for the time being without depositing tax. When the deal is final then it should deposit s.tax with interest.
4. Is there any provision in S.Tax that when full amount is to be refunded to the service recipient then no need to deposit s.tax on amount receipt in advance.

Thanks.

Service tax provides exemption on the amount of services provided by the assessee. If an assessee is below exemption limit, is it necessary to file nil service tax return. If assessee has not filed service tax return for say two to three years, can he cancel his registration? Can officer will ask for nil returns. Is there any penalty.

I am a proprietorship firm with current billing below 10L rupees (around 8L current billing). I have to raise an invoice for services for Rs. 2.5 (single bill). I want to know-

1. Should I apply for service tax registration now or after billing this amount which will take me above 10L?
2. On what amount will service tax have to be charged and paid? On entire 2.5L or only on the excess over 10L, i.e. on Rs. 50,000 only?

Is their some specific rule on item 2 above?

Your help and clarification is deeply appreciated.

Sandeep

I am in Private Limited Company.
we are procure Milk, Process and Selling to Distributor.
For procurement from farmers and selling to distributor we are paying transporation to Individuals on 10days basis (around 80000).
However there is no scope for LR as they are the employing just vehicale and driver.
All other activity is done by us.
1) My question is, whether service tax is applicable?
2) Under which section, it applies to us?
3) What is the procedure if it is applicable?
Please guide me.
Thanks in advance.

Dear Experts
Seasons greetings.

I have query on
"will service tax regn compulsory for exporter of services which are exempted from service tax liability" is there any reference

Thanks

I want to know what is the interest and penalty for delayed/non payment of service tax in time and also for delayed/non furnishing of return in time as per the latest notifications.

A company has entered into a cost sharing arrangement with its group companies. All the expenditure are paid by that comapny and recovered from other comapnies by raising a debit note. The company charges certain fees for these services.

Is service tax required to be charged on the entire amt. of debit note, even if it shows separately the cost incurred and fees charged along with documentary evidence?

My opinion no service tax on reimbursements..

Can the other companies claim Cenvat credit of the cost incurred by the main Company?