When value of taxable services is less than 10 lacs, ST-3 filed with actual taxable services and exemption availed under notification 05/2006 but in ST-3 for Q-2 F.Y.2012-13 Return this exemption notification not mentioned then should we file nil return showing 0 amount of taxable services?

A company is an insurance agent and its entire income as agency commission is liable under revere charge mechanism and tax is paid by Insurance companies.

Whether my company as insurance agent would be eligible to take credit?

As per the new provisions "a" have to add the relevant description(s) of Taxable Services available in the drop-down list in the online amendment Form. After adding relevant description(s) of Taxable Services whether we have to again visit Service Tax office to submit any documentary proof of the said amendment or to get signed the new ST-2 with the said amendment. Kindly Suggest

Whether reverse charge mechanism applicable for the following case:
A public ltd company hired a Tata Sumo for official purpose(for higher level employees guests, auditors,) and payment is done on monthly on the basis of a agreement entered into.

Service doesn't include -
transaction in money and actionable claims.
Can you please explain to me those two terms?

Thank You

yaa... you are exactly correct Mr.Vikas, but there is a small thing to share with you i.e, Our Organisation provides "Sim activation" facility and "Repairs" to the mobile services. So in this perspective service tax is to be levied. And Electricity ,Telephone and Courier Charges etc are the expenditure incurred by all our branches (more than 100)including service tax.

Here my doubt is, how much amount would we avail input tax credit? Whether 100% of input credit can avail? If it is possible,
how will we account for Input tax credit?

HOW TO BRING A DEMARCATION BETWEEN:
1.CONSTRUCTION SERVICES (IN RELATIION TO CONSTRUCTION OF RESIDENTIAL COMPLEXES)
U/S 66E(b)

2.WORKS CONTRACT SERVICES(IN RELATION TO CONSTRUCTION OF RESIDENTIAL COMPLEXES) U/S66E(h)

PLEASE HELP ME IN THIS REGARD

WHAT I UNDERSTOOD:
WHERE THE GOODS INVOLVED IN CARRYING OUT THE CONSTRUCTION SERVICES ARE SUBJECTED TO VAT OR SALES TAX THEN SUCH SERVICE SHALL BE TAXED UNDER WORKS CONTRACT.
NOW MY DOUBT IS IN ALMOST ALL THE STATES THE GOODS INVOLVED IN CONSTRUCTION SERVICES ARE SUBJECTED TO SERVICE TAX

PLEASE HELP ME IN THIS REGARD
I AM FACING SO MUCH OF PROBLEMS WITH THE CONSTRUCTION OF RESIDENTIAL COMPLEXES

PLEASE

Let me know the difference between the Rule 6(1A) and Rule 6(4A) of Service Tax Rules, 1994 - the details of which are as under -

RULE 6(1A)

"Without prejudice to the provisions contained in sub-rule (1), every person liable to pay service tax, may, on his own volition, pay an amount as service tax in advance, to the credit of the Central Government and adjust the amount so paid against the service tax which he is liable to pay for the subsequent period"


RULE 6(4A)


"Notwithstanding anything contained in sub-rule (4), where an assessee has paid to the credit of Central Government any amount in excess of the amount required to be paid towards service tax liability for a month or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter, as the case may be."



QUERY:

In case, an assessee who is liable to pay a tax of say Rs. 10000/- has paid Rs. 15000/- through a single challan of Rs. 15000:

a) Can he claim the payment of Rs. 5000/- ( excess amount) under rule 6(1A) and adjust in subsequent period or this amount would fall under rule 6(4A)?

b) Is he liable to adjust the amount in subsequent period under rule 6(1A) but in rule 6(4A), he has to adjust this amount in the succeeding payment itself ?


As both provisions look similar in nature and effect, please clarify us the difference between the two rules

Dear all,

My client is registered under "Industrial Construction Service" & rendering the services to local Government bodies such ZP, Police Dept, Govt Education institutions in which land cost is not included.

As per notification 26/2012 for this service abatement of 75%/70% cannot be claimed as land is not included.

Now my questions are-
1.Whether he need to amend the registration & get registered under Works contract in order to charge Service Tax @ 4.944%.

2.Whether he will get exemption of the services rendered to above Govt. local bodies?

3.Whether he will get input service tax credit on services given by another works contractor & that service provider also charging the service tax @ 4.944% in his invoices?

Thanks.

Hello Dear Experts

I am working in a service industry.I have a query regarding Service Tax Cenvat Input Credit. Recently Service Tax Department Issued a circular regarding Cenvat Credit Debit Entry. My Query is that we claimed Service Tax refund For the period of Jan'12 to March'12, the officials told me that I should give them a declaration on Letter head that I have debited Service Tax Cenvat Entry in our books so that the Input credit amount will be reduced,if so what will be the Entry in case, I am confused.