Please any body tell me about turnover limit for service tax registration. our company is partnership firm & supply of motor vehicle parts of job work basis. Our customer provided raw material on 57F4 Challan or under rule 4(5)A of central excise rule. and our last year turnover is above 20 lakh so our company liable to getting service tax registration & also our company manufactured agricultural product base on vat invoice so please provide me s.t. rule & notification for reregistration

Dear Experts

We raised a service tax invoice on our client in 2010-11. For some internal problem, the client could not book the same in his books. Now when asked for payment, he wants a new invoice dated in current FY 2012-13.

We have already paid tax on the original invoice.

Is it possible to cancel the original invoice against credit note and raise fresh invoice in current FY.

What are the implications and the way out available to me.

Thanks regards

I have a client under cleaning services and they come under works contract. As per new Notification 30/2011-12 dtd 20/6/12 he is suppose to pay 50% and receiver has to pay 50% of service tax. Hence my doubt is that service provider should bill with 50% of tax rate. or full service tax rate and pay 50% to the service tax dept.

please advice.

Dear Experts,
We r register under composite scheme of Service Tax under Works Contract Service(4.944%). Now after the rules of reverse charge mechanism(50% payable by Service provider and 50% payable by service receiver). after this rules we can collect only 50% of Service Tax from our client. My doubt is tht should we hv to pay remaining 50% from our pocket or what?? Please clarify this point...

thanks in Adv..

DEAR SIR,

MY ONE CLIENT IS ENGAGED IN INSURANCE COMMISSION BUSINESS SINCE LAST 10 YEAR, HIS A.Y.2012-13 GROSS COMMISSION INCOME IS RS.20,10,500/- IS HE LIABLE TO PAY SERVICE TAX?

As per new service tax rule w.e.from July 2012 Service tax applicable on services are to be paid by service provider and the principle company( service taker) as per classification of services. Now how the service provider will issue a service tax bill, whether the percentage what he is actually paying or full service tax in his bill(for example 12.36%) and what is the responsibility of the Company.

Our company issued a Work Order inclusive of service tax @ 12.36% with clause 3% WCT will be applicable and deducted from your every Bill.
(But material value is not identified while issuing the work order)

My question is that if I follow the valuation rules under the notification 11/2012 of Service Tax i.e 70 of the total amount of Gross amount then my liability for Service Tax will be after deducting WCT from Gross Work Done or simply I take 70% of service Tax which is inclusive in the bill value and deposit 50% of service tax. For Example

Ist Method:-

Work Done Value 1,20,000/-
Less WCT 3,600/-
Net value inclusive of Service Tax 116400/-
Service Tax inclusive in above 12804/-
My company Liability upto 70% 8963/- and then 50% 4482/- according to notification no 30/2012 of Service Tax.

IInd Method
Work Done Value 1,20,000/-
Service Tax inclusive 13200/-
70% of Service Tax 9240/-
50% Liability according to notification No 30/2012 i.e 4620/-.

My doubt if I'm taking a % value of the service Portion then I should not deduct the WCT.

Please Advice...

Dear Sir / Madam,

Whether following activity can be treated as a Service liable for Service tax?:

Mr. A opens a Bank account for his clients who do not understand net banking, and pays Tax on their behalf after depositing tax amounts received from them and provides this facility free of cost. Is this a Service liable to service tax?
Whether the status changes, if he charges some fees for this facility?

Kindly revert.

Thanks,
Suraj

sir, a proprietor ship concern registered under rent on cab service was charging service tax after availing abatment of 60% on bills raised to companies and individuals till 30.06.2012. From 01.07.2012 , wheather service tax will be paid by service receiver (company and/or individual) or by service provider as earlier.

an individual paying freight on transportation of goods, is he liable to pay service tax or gta has to pay? all tax audit assesses (individual) are liable to pay service tax on transportation of goods or not?