Mutual fund agents were paying service tax last year. agents are service providers and mutual fund companies are service reciepient. till last year, mutual fund companies were paying service tax (reverse charge mechanism). from this year onwards, agents have to pay the taxes as the reverse charge method has been removed. now the query is whether they are eligible for SSP exemption this year, even though their brokerage income (taxed as reverse charge) exceeded 10 lacs during last year? clarity is requested on the point that, whether the amount of taxable services provided last year under reverse charge mechanism are also to be included in the threshold 10 lacs for deciding the ssp exemption for current year?

A company registered voluntarily under Service Tax when the value of Service was just around Rs. 2,00,000/- and started collecting and paying Service Tax on every invoice there after. However, the total value of Service provided during that financial year was Rs. 8,00,000/-.
However in the Service Tax Return only the Value of Service provided after the Registration (i.e. Rs. 6,00,000/-) was shown.
Now ST Authority contends that entire Rs. 8,00,000/- should have been shown in the Return and exemption under notification 33/2012-ST should have been claimed for Rs. 2,00,000/-.
Is the contention correct? What difference does it make? As it is, the Value has not exceeded Rs. 10,00,000/-. Also due to voluntary registration the Revenue has earned more. The company could as well stay quite by not registering itself.
Please advice.

In case of Works Contract Service, is Small Service Provider's exemption limit u/N 33/2012-ST, applicable on Gross amount or Net amount?

Eg: If Total Value of Works Contract = Rs. 12,00,000/- Value of Service u/R 2A(ii) of Service Tax (Determination of Value) Rules, 2006 the deemed value of Service portion is 70% i.e. Rs. 8,40,000/-
Then will exemption u/N 33/2012-ST be applicable on Rs. 12,00,000/- i.e. balance Rs. 2,00,000/- taxable or entire Rs. 8,40,000/- is exempt? Does Aggregate value of Taxable Service include Rs. 12,00,000/- or Rs. 8,40,000/-?

Thank you.

Dear Sir, We are not taking input credit of service tax on Housekeeping invoices; Can still we have to pay the 100% service tax on that bill against Reverse Charge Mechanism?

is small scale exemption available for a service provider who export services of worth more than 10 lakhs to abroad, for providing services in the taxable territory ?

i would like to understand the implication of mega cabs case on service tax, whether it applies to departmental office asking to produce books when ST2 is surrendered. kindly enlighten me

Dear Sir,
I have USA based company as client. My client has placed Purchase Order to Indian company (Vendor) who is manufacturing goods in India. Manufacturer (vendor) will export these goods to USA. I will have service contract with USA based company. I will provide inspection related services on the goods being manufactured at their vendor’s premises. My reporting about inspection finding will be directly to USA based company. I will not have any contractual/commercial relationship with vendor. I will have Purchase Order from my client and will receive payment for my services in USD.

My query is on place of provision of service rule 2012. As per rule 4 – Service tax is payable if, place of provision of service, is in India. I need interpretation of place of provision of service. In my case am I providing service within India or outside India? Or rule 4 is not at all applicable for me ?

Do I need to pay service tax or my service can qualify for export of Services ?

Regards

Dear Sir, My brother is an insurance agent.Due to IRDA norms,in his 26AS tax credit is getting reflected u/s 194I(b).Since his total commission has exceed 10 lakhs..under what accounting code should he pay ST?

The Service Provider is providing the Cab Service through the OLA. In Financial Year 2016-17 it is expected to received more than Rs.10 Lacs from the Cab Service after deducting the Commission of OLA. So, the Service Tax Liability arise to Service Provider or not ?

Please give suggestions in this matter.

what will be sevice tax rate apply for NOV 2016 exam in ipcc plzzz reply