Whether Service tax is applicable on Debit Notes raised on Group Companies for Expenses Sharing (for eg. Travel,telephone,Rent etc.,). We are not providing any taxable service to these companies. If yes, which section deals with it.

Whether Service tax is applicable on Debit Notes raised on Group Companies for Expenses Sharing (for eg. Travel,telephone,Rent etc.,). We are not providing any taxable service to these companies.

a product has been imported by one party (A)& the same is given to other party(B) for value addition for specific cost, service tax is paid on this cost component ,
as the same party distributes product in the market also. at the end of the year profit is shared between the two equally,

does this share of profit is subjected to service tax in the hands of B, if so who is held responsible for the payment A/B
Matter is very urgent please reply with proper reference.

we are paying service tax on outward freight GTAon 75%.
1) can we take input of it.
2) if we are not providing any other service against which credit taken in 1 so can we claim of refund of duty paid on GTA service if yes refer provision.

if GTA charge us freight 40000+detention charges 2000+toll tax 500 in the bill.
so what is the amount for S.T it is RS 40000 of freight or gross amount of Rs. 42500/-

total freight 40000/-
S.T on him 40000*25%*12.36%=Rs. 1236

so entry in books
total freight 41236

To service tax payable 1236
To Party 40000

this entry is coorect?
because we are book ST as a expense ok
so can we claim input in such situation ?]
if we are not able to utilized such input so can we take refund of it . refer me all provision?

Dear Sir,

1. Is a Hire purchase company liable for service tax? If so what are the amounts chargable to tax?

2. Can a partnership firm be floated for making hire purchase business? What are the formalities required for floating Hire Purchase Business?

Dear All,

I have taken registration under the service tax governed by finance act. I want to know that should i charge service after thresh hold limit i.e Rs. 1000000/-or i have to charge servicce tax since begnining starting from 1 bill. If i am to charge service tax after Rs. 10 Lacs then if suppose my turnover is below Rs. 1000000/- for whole of the year. then what should i do? I mean filing of just NIl return or what or thereis any compliance to fulfill?

Please update me for the same.

we are paying service tax on outward freight GTAon 75%.
1) can we take input of it.
2) if we are not providing any other service against which credit taken in 1 so can we claim of refund of duty paid on GTA service if yes refer provision.

Suppose there is a works contract comrising materials worth Rs 70 and labour charges Rs 30. Please indicate the value on which S Tax will be laviable on this works contract bill.

I think that this should be on the labour part only.