Hi all,

Acutally bank charges a commission on collection of amount through credit cards. Furthur on that commission plus ST is also charged by the bank.

i)Can we avail the input credit on ST charged by bank?

ii) Do we need to deduct TDS on Commission paid to the bank?

Can anyone tell me different rates applicable to different services under service Tax act??

I have taken Service Tax Registration No. and during the year my receipt from providing professional services is upto Rs.4 Lacs.

Plesae let me know if there is mandatory on me for charging service tax on rendered services whether it is below the exemption limit.

Please also provide me related notification in this regard.

ASAP

I have taken Service Tax Registration No. and during the year my receipt from providing professional services is upto Rs.4 Lacs.

Plesae let me know if there is mandatory on me for charging service tax on rendered services whether it is below the exemption limit.

Please also provide me related notification in this regard.

ASAP

WE ARE A LIMITED COMPANY AND RECEIVING DISPLAY INCOME FROM PARTIES. WE ARE REGISTERED FOR DISPLAY SERVICES UNDER SERVICE TAX ACT.
MY QUERY IS SUPPOSE WE RECEIVE DISPLAY INCOME OF rS. 50000 FROM PARTY AND WE HAVE TO DEPOSIT SERVICE TAX ON THIS DISPLAY INCOME . CAN WE CONSIDER THIS RECEIPT INCLUSIVE OF SERVICE TAX AND BOOK DISPLAY INCOME NET OF SERVICE TAX PAYABLE AND BOOK SERVICE TAX PAYABALE AS WELL . OR WE WE WILL HAVE TO DEPOSIT SERVICE TAX OVER AND ABOVE THIS 50000/-. PLEASE GIVE THE REFERENCE OF SOME BOOK OR GUIDANCE NOTE ON THE SAME IF ANY.

My client is a private ltd. company who has given one of its office premises on rent. The company has its regd office in nariman point and the office premises let out are also in nariman point.

Can u tell me where form st-1 needs to be submitted and what enclosures are to be attached alongwith it for new number?

Dear All,
Please try to solve this query.
We are consignment agents for one of the companies in south. We keep stocks on behalf of the company & the co. provides us comission (about 3% on sales value). The total comission doesnt exceed 3.5 lakhs in a year. The responsibility of the sales & collection is completely ours.

We used to pay service tax before (have registeration as clearing & forwarding agents) & when we learnt about the exemption limits (now 10 lakhs, earlier 8L & earlier than that 4 lakhs), we stopped paying, but we still file the returns on normal dates.

Now, we went to department for cancellation of our registration as the comission is far below the exemption limit. But, the department says that we are liable for service tax & no exemption is available for C & F agents.

Please advice on the above,

Thanking you

Is there any provision in the service tax law for filing a revised return which has already been revised? So as to correct the cenvat credit details given wrongly in the revised return which was earlier filed in time?
If no provisions are there what will be the consequences if the cenvat credit closing balance shown in March 08 return is different from the opening bal in April 08 while filing Sept 08 return?

1.warranty spares:
During the warranty period, the dealer doing warranty service as per agreement for customer for serivcing & replacing parts on free of cost. I know service tax leviable on service portion of work ie labour charges. As per service tax circular, parts sales are exempt if documentary proof exit for sale of spares separately in invoice. In this case spares not sold. Actually no gain araised on reimbursement of warranty spares. Please explain with details whether warranty spares are liable for service tax?

2. Management, maintenance or repair work
Contract work involve material and labour.
vat paid on material sales. whether materila value is included in assessble value for service tax.
Please clarify with detials
Adv. thanks from

Raghu.

Dear All.

I am working as an accountant in a Ltd Co.,

The day i took charge of the assignemnt, Our company was preparing, paying tax,if any as service provider and filing data for hlf yearly return under Service Tax Act on the basis of sales bills raised i:e mecantile system since registration.

I hv not change the methodolgy, since i dont find any reason to change., infact from the day i took the above assignemnt, we hv never paid service tax on services rendered by our company and hv been adjusting against service tax payment against set off available.

further officer in charge at that time hv justify his stand by reasoning that by paying service tax as and when bill are raised, it can save time for preparing unnecessary data and reconcilaition statement every month, since data is readily available from sales bills raised and accounted in books secondly there is no cash outflow for the company , since set off amount at our disposal, hence why spend time on unproductive information for filing return under service tax.

But when my new account's manager took charge, she told me to file Service Tax on Cash Basis as per Under Service Tax Rules 1994.

Rule 6: Payment of service tax
The service tax shall be paid to the credit of the central govt by the 5th of the month immediately following the calender month in which payments are received , towards value of taxable service.

But when i explain this to my manager that Corollary is payment of service tax to govt can be deferred till the receipt of the value of taxable services provided however i:e one can still opt and their is no barred for the assessee to make payment of tax on as and when billed. In such case dept will never make any fuss nor can raise any demand nor any notice on the subject matter

She is not aggreing with me and asking for the notification of which ST can be paid on mercantile method

Can any one give me the notification which state that ST can be paid on Mercantile Method

Regds
Jayaraman