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service tax

zeal sheth (CA) (127 Points)

28 July 2009

One of my client provide two type of service in two name Placement service and Loan Consultancy service. He has service tax no. and already file service tax return of placement service provided by him ( Rs. 50000 service provided ) now he already provided Loan consultancy service around Rs. 180000 is he Liable to pay service tax on 180000 loan consultancy service

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5 Replies

(Guest)

Yes, he is liable to pay service tax on loan consultancy fee as (i) he is not eligible for the benefit of small service providers and (ii) loan consultancy service is a taxable service.

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Viren D. Thakker (CMA Final) (174 Points)
Replied 29 July 2009

when we outsource 100% manufacturing activity as jobwork then can we take service tax credit as ASP against excise duty paid by job worker under rule 4(5)(a) and 4(6)

Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 30 July 2009

Originally posted by :Viren Dilip Thakker
"	when we outsource 100% manufacturing activity as jobwork then can we take service tax credit as ASP against excise duty paid by job worker under rule 4(5)(a) and 4(6)	"

Question is not clear. Whether the JW can avail the credit of service tax to pay the CED on manufactured products? If that is the question the answer is yes. He stands in the shoes of the manufacturer where he can get all the benefits a manufacturer can get.