payment of service tax
This query is : Resolved
07 November 2008
Is service tax payable on realisation of such service bill amount? or As and when such service provided(ie tax on all services rendered in that montth by 5th of the following month irrespecitve of realisation).
If on realisation basis if part of the service bill amount is received then is it required to pay all the ST on such bill or proporionately to the realisation amount?
Please give me clarity regarding this with example if possible
If on realisation basis if part of the service bill amount is received then is it required to pay all the ST on such bill or proporionately to the realisation amount?
Please give me clarity regarding this with example if possible
07 November 2008
1.on realization.
2.on realized amount only.
2.on realized amount only.
07 November 2008
if advance is taken for providing service does the service provider need to pay ST on it also irrespective of the service provided later.
07 November 2008
Yes.
07 November 2008
if advance is inexcess of service provided can the service tax paid be rufunded or adjusted in the next return
07 November 2008
If no service has been rendered, no service tax is applicable.
07 November 2008
ofcourse but an of advace say Rs.10000 has been taken for providing service. (then provider has to pay Rs.1236 as ST immediately is it correct?)
If service finally billed as Rs.9000 then can the service provider can claim refund/ adjust in next return ST on Rs.1000
If service finally billed as Rs.9000 then can the service provider can claim refund/ adjust in next return ST on Rs.1000
07 November 2008
1.correct.
2.can adjust/claim refund.
2.can adjust/claim refund.
07 November 2008
Thank Q very much sir(s)
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