A building taken on rent . Service Tax is paid on rent.The same building is given on rent by the tenant to another party and service tax collected on the same. Can we take the cenvat cresit of service tax paid to the main owner.

If I undertake a printing activity then are both MVAT and service Tax applicable ?
I know that MVAT is applicable ; but if service tax is alos applicable...under what service category is it so ??

If I undertake a printing activity then are both MVAT and service Tax applicable ?
I know that MVAT is applicable ; but if service tax is alos applicable...under what service category is it so ??

Dear All

I am kishore, I did MBA(fin) and I am working for a MNC, having 5+years of exp.I am interested to continue my further studies. So I thought to register with ICSI.Can any body give me a good suggestion for continue my further studies in this feild.


Thanks
Kishore

There is a company who are spending expenses on behalf of other com which is group com of that and is issuning a debit note note for that expenes. My qus is that should we add service tax on that amount on that rembusement. plz advise

if i recd advance payment for the service for the whole year. i paid s tax to dept at the time when i recd the money. after some times the customer get disconnected and asked for refund. My question is that how much portion we have to refund . for the full amount or after deducting the tax amount, which i paid to dept.

Should an advertising agency charge service tax on the interest charged for delayed payments?

Also should an advertising agency charge service tax on the interest on loan given?

Purvi

Can you examine from a service tax angle the following proposition:



A Company will contract with local vendor ( contractor) who will provide Human Resources -
These resources will go onsite and work on the Company's client locations -

Contractor will invoice the Company for the cost of resources in INR- local sales

Company will invoice in US$ the onsite Company's entity at cost plus statutory markup- export sales


Questions:

Can the contractor avoid invoicing the Company without Service tax since the resource is working Onsite ( deemed export ?)

Can the Company take duty credit/refund for the service tax paid on the contractor bill, since it will be exporting these services?

Can the Company utilize the service tax paid on contractor bill for adjusting with service tax liability on Import of Other services – ie on Finance Shared Service Centre, payroll etc.

Waiting for an early reply. with good example if possible

A newly incorporated firm is engaged in Advertising Agency Business (i.e. making and preparation). It designs and prints flex hoardings for its clients. It has an annual turnover of around 12 Lakhs.

The purchase bills for raw materials are of 4% and 12.5% VAT items (obviously, the firm had to pay vat on purchase) eg, it paid 4% VAT on purchase of Flex, 12.5% on purchase of clips etc. My questions are:

1. Does the firm, being an advertising agency, need to file VAT Return or Service Tax Return.

2. If the firm needs to file service tax return and charge service tax to its clients, then on what value should the tax be calculated. (Whether the cost of raw materials consumed should be considered for computing service tax or should be excluded...as the cost of all the raw materials cannot be bifurcated precisely e.g. ink used in printing)

3. Can the firm enjoy the VAT input on purchases. If yes, how?

4. What will be the best way to record purchases and sales in the books of accounts (plz give specimen entry)

5. The firm has already got VAT Registration. In case VAT is not applicable, what should be done in present circumstances.

Hello Sir,
We are the newly established Construction
Private Limited.

Do we require to register for Service Tax?
In which cases, service tax will be applicable to us?

thank
Bhargav