Whether Service tax is applicable on Debit Notes raised on Group Companies for Expenses Sharing (for eg. Travel,telephone,Rent etc.,). We are not providing any taxable service to these companies. If yes, which section deals with it.

a product has been imported by one party (A)& the same is given to other party(B) for value addition for specific cost, service tax is paid on this cost component ,
as the same party distributes product in the market also. at the end of the year profit is shared between the two equally,

does this share of profit is subjected to service tax in the hands of B, if so who is held responsible for the payment A/B
Matter is very urgent please reply with proper reference.

we are paying service tax on outward freight GTAon 75%.
1) can we take input of it.
2) if we are not providing any other service against which credit taken in 1 so can we claim of refund of duty paid on GTA service if yes refer provision.

total freight 40000/-
S.T on him 40000*25%*12.36%=Rs. 1236

so entry in books
total freight 41236

To service tax payable 1236
To Party 40000

this entry is coorect?
because we are book ST as a expense ok
so can we claim input in such situation ?]
if we are not able to utilized such input so can we take refund of it . refer me all provision?

Dear Sir,

1. Is a Hire purchase company liable for service tax? If so what are the amounts chargable to tax?

2. Can a partnership firm be floated for making hire purchase business? What are the formalities required for floating Hire Purchase Business?

Dear All,

I have taken registration under the service tax governed by finance act. I want to know that should i charge service after thresh hold limit i.e Rs. 1000000/-or i have to charge servicce tax since begnining starting from 1 bill. If i am to charge service tax after Rs. 10 Lacs then if suppose my turnover is below Rs. 1000000/- for whole of the year. then what should i do? I mean filing of just NIl return or what or thereis any compliance to fulfill?

Please update me for the same.

we are paying service tax on outward freight GTAon 75%.
1) can we take input of it.
2) if we are not providing any other service against which credit taken in 1 so can we claim of refund of duty paid on GTA service if yes refer provision.

Suppose there is a works contract comrising materials worth Rs 70 and labour charges Rs 30. Please indicate the value on which S Tax will be laviable on this works contract bill.

I think that this should be on the labour part only.

We have made a payement to Transpoter on account of "Octroi". we had contract with them for Octroi.Payment made on behlaf of us & they charged 3% as a service charges on octroi amount & after that i.e. Octroi Amount + Service charged they claim Service tax on Serivce Amount.
please let me suggest Is it possible,they will claim for service tax? if Yes then is is possible for us to take the credit of the same amount

According to Sec 66A of Finance Act 1994, any recipient of service who has a permanent establishment in India is liable to remit service Tax, on value of services availed by him from a person who has a permanent establishment/Place of Business/Place of Residence outside India... I would like to know if the value of such services does not exceed basic exemption limit, in the hands of recipient (i.e. Rs 10 Lacs in last Tax Year), along with all other services rendered/imported by him, will he be still liable to pay such Service Tax???
Please reply experts its a little urgent...