Discussion on service tax ca final - can anyone join now?

OK Madhavi Lets start the discussion.

nice welcome.

Let us first dicuss basics of service tax

1. there is no separate legislation for the purpose of ST. The provisions are laid down in sec 64 to 96 of Finance Act, 1994

2. ST provisions extend to whole of India except hte state of Jammu and Kashmir. Hence the services provided within Jammu and Kashmir are excluded from the levy of ST

3. The person providing service has to pay ST

4. ST is payable  on gross amount charged by the service provider

5. Reimbursement of out of pocket expenses will now be included in teh valuation of taxable service unless otherwise provided

there are some other provisions whcih we read in PCC level

pls read supplimentary material issued by icai. its really worth reading

Provisions relating to registration (Rule 4 of ST rules, 1994)

As per Sec 69 of Finance Act, 1994, read iwth ST rule 4, evedry person responsible for collecting service tax has to register with Central Excise authorities.

2. The following persons shall also apply fo rregistration

a. input service distributor, within 30 dyas of commencement  of business

b. Any provider of taxable service whose aggregate value of taxable service in a FY exceeeds Rs.9 lakhs within 30 days fromt eh date when the aggregate value of taxable services exceeeds Rs.9 Lakhs in the FY

3. Such persons shall apply for registration in form ST-1 in duplicate

SERVICE TAX Reg. No. : This number willb e 15 digits alpha numeric code no.

will be provided online in icai website pl tell me i will download now

can u people tell me sequence of study in ST. First Basics, Next registration  then pl tell

Let us go by questions type in ST

1. Please explain the role ca in the filed of ST consultancy?

basic>point f taxatn. valuatn>cenvat credit

A CA can provide Advisory services, Procedural compliance , personal represdntation, cetification and audit whcih we have to eloborately write

https://www.icai.org/post.html?post_id=4395

this tym services as such 'll nt ask.. so u don hv 2 worry about services

Role of CA in ST would be to co ordinate with the ST authorities / Help the Assessee in Compliance of all the Returns Tax Payments Advicing on the Input Credit available, Incase of a Survey attending on behalf of the client, etc..........

Means can u tell me in the study material which chapters we have not to read for nov exams