Hello,
i have submitted ST-3 late so department is imposing penalty as per Rule 7C..which is coming maximum Rs.20,000/-..but for that period service tax liability was only Rs.8,000/-. Now, i want to ask if there is any judgement or smthng like penalty amount can't exceeds Service tax amount

OUR ORGANIZTION IS GOVERNMENT. OUR BUSINESS RELATED TO INSURANCE AUXILIARY. WE ARE INSURANCE RELATED SERVICE PROVIDER. SO, WE TAKE THE SERVICE TAX.
IN THE MONTH OF FEB-2014 WE RECEIVE THE SERVICE FROM MANY INSURANCE ORGANIZATIONS. THEREFORE WE PAID THE SERVICE TAX TO INSURANCE ORGANIZATION.
IN THE MONTH OF FEB-2014 WE PAID ST RS. 45000/- AND RECEIVE ST RS. 98000/-
NOW, I QUESTION IS THAT, CAN WE GET CENVAT CREDIT BENIFITE IN CURRUNTLY ST RETURNS?
OTHER QUIESTION IS THAT HOW AND HOW MANY I GET CENVAT CREDIT? AND HOW I DISPLAY THE DETAILS IN ST3 FORM?
PL. GIVE ME INFORMATION.

Hello Fellow CAs and ST experts,

I solicit your advice on the ST issues cited below

Q1: When a trust has renders sponsorship services to a Company, the reverse charge mechanism works as per notification 30/2012 and the service receiver, namely the company is liable to pay ST. In this scenario, is the Trust required to ensure that this obligation is met by the company?

Q2:A trust had rendered sponsorship services in India and received contribution towards the same from a Foreign Company in the form of forex converted to rupees;

In this case is the Trust liable to ST, considering the foreign company is out of the ambit of Indian ST? Or is the entire transaction out of the ambit of ST , so that the Trust also is NOT liable to pay ST?

Pls clarify

Thanks in Advance

WHether a CA needs to sign on internal audit report?

I run a NGO having PAN No. AABAP1158N. I have file ITR of the same upto 31.03.2010 and now I want to file ITR of next F.Y. 2010-11, 2011-12 and 2012-13:-
1. Can I file the return of these year.
2. Whether filing of ITR is compulsory in my
case
3. If I file the ITR now, whether there will be any penalty clause.


please guide me
thanx

what are the benefits of being holder of degree DISA?.. what is the duration and course fee of DISA?

Dear Sir,
we are Pvt. Limited co. actually we have constructed a residential complex and sold all flats to flat owners.Beside this we have also handle repair and maintenance of complex against this we have collecting maintenance charges, electricity, water and Diesel charges. then my question is that whether service tax is levied full value of total Amount or only repair amount.

If bank has no PAN NO of its account holder then it will deduct tds @20%,can bank issue tds certificate to the deductee?As no tds to be shown in 26AS,How Can deductee claim Tds deducted by bank in his return of income ?

I am a regular B.com 2nd year student and cleared IPCC and will have to start my articleship. Can I pursue the regular graduation course and the articleship simultaneously ? If not what are the other options to complete both the courses. As I want to do CA+MBA further, it is necessary for me to complete my graduation.

Dear Sir,

I (ABC) paid LIC premium into (ABC) HUF a/c and can i (ABC HUF) get benefite u/s 80c

For Example

ABC 10000/- LIC PREMIUM

PAID BY ABC HUF 10000/- PREIMUM

ABC HUF CAN GET BENEFIT OF U/S80C

Thanks in advance.