service provider provides both exempted and taxable output service and does not maintain seperate accounts.

out put service tax is Rs.20000
Input service tax is Rs.16000

How much tax is to be paid?
How much credit will the assessee get?

If whole credit of Rs.16000 is not available then whether the balance credit amount lapse?

hii,
Is there any option whereby the service tax can be paid on accounting basis irrespective of the collection received or not.?

I have heard that Service Tax Input can be availed on accounting basis(as against the normal provision that input can be availed only after the payment for expense is made)if service tax output is paid on accounting basis. Is it true.? Anyone aware of it.?

Hello Friends.

the assessee is a civil contractor. he is purchasing material for construction & giving labour charges for construction.
can anyone help me out abount the rate of service tax & vat applicable?
is there any composition scheme under MVAT act?

Please, matter is most urgent.

Thanx & Regards'

Yatesh

Hello,

One of my client is an CNF agent. He does the selling on behalf of companies. He get all the expenses reimbursed from the company. He additionally charged commission to the company.

Want to confirm whether we should charged service tax on reimbursement? Please provide the circular if any.

Also to let you know that we charged the service on commission.

Please let me know ASAP.

Thanks,
Hemal Parikh

Jai Hind To All of CA Club Member,I just want to know which form should i use to make a refund of service tax & what's the procedure to claim refund.The company is registered in service tax & According to new notification 17/2008-service tax company can make a refund for service tax.
Plz help me
Thank's
mudit_bansal001@yahoo.co.in

Mr. A has opted for Works Contract Composition Scheme and opted to pay 4% tax. He has issued the bill to Mr.X for Rs.104 (100 + 4 rs. service tax).

Can MR. X claim cenvat credit for this service tax charged @4%.

Is there any Service Tax Return Preparer Scheme is coming up. If so when and how can one became a service tax return preparer.

Can i take credit of service tax amount (in 2008-09) of previous year( 2007-08 ).which has not entered in recoverable (whole amount booked in expenses)
please suggest me

Dear sir,

While making payment to BSNL.We will make entry as follow:

Telephone expenses ac ----Dr.
Service Tax rece ac ------Dr.
To Cash / bank ac.

But this Service Tax Reced Ac will show Debit balance.What will be the next accounting entry & Taxation provision.

Plz tell help me.

can i know what is the provision of service tax on foreign commission and there is any basic limit for execmption for payment of foreign commission made without paying service tax ?