True or false

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Sridhar Putta

Officer

23 Points Posted on 03 July 2012

1.Service tax is payable an issue of invoice or receipt of payment which ever is earlier.

2.Service tax is always paid by the sevice provider

3.Seperate returns will have to be filled if multiple services are provided.

4.Service tax is paable on the market value of services even if free services are provided

5.Seperate registration under service tax has to be applied for ever taxable service provider.

Replies (4)

Ritika Pundir

146 Points Posted on 03 July 2012

1. False, governed by Point of Taxation Rules, 2011

2. False, reverse charge mechanism is applicable in certain cases where service receiver pays tax

3. False, separate services can be mentioned with codes in the same return

4. False, free services are not taxed

5. False, single registration even if multiple services are provided

Kindly wait for others to confirm the above.

Ajit kumar Dubey

Taxation Manager

797 Points Posted on 04 July 2012

Yes the above views are correct, except point no.5. The department is still to come out with clear guidelines to affect the same. But as of now one has to amend its Reg. certificate based on the classification of the service. Also against point no. 3, a common return can be filed for multiple services.

RENGARAJ R.K

ADVOCATE

6456 Points Posted on 04 July 2012

Yes both are correct.

CA sawan kumar

senior associate

146 Points Posted on 04 July 2012

1. False

Same is recent update governed by Point of Taxation Rules, 2011

2. False

In very few cases reverse charge mechanism is applicable where service receiver pays tax

3. False

Separate services can be mentioned with codes in the same return.

4. False

Free services are not taxed

5. False

Single registration is sufficient even if multiple services are provided. However same needs to be added in the list of services being provided with the dept.