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1. C an we take Cenvat Credit on Rent - a-cab Service?

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Only following service Providers can take input of Rent a cab

  • transportation of passengers;(Taxi Service) or
  • renting of such motor vehicle;(Cars on Rent) or
  • imparting motor driving skills;(Car Driving schools)

(All these directly use Cab for provididing these services

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2. What are the changes in Reverse charge mechanism (effective from 01-04-2015)

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From 1.4.2015 Reverse charge introduced in case of Aggregator Service Lottery Agent Service Mutual Fund Agent Service Also in case of Manpower Service of Non COmpany Service Provider and receiver earlier paid 25% and 75% now Service Provider did not pay anything and service receiver paid 100% http://www.teachoo.com/475/157/Different-Services-under-Reverse-Charge/Liability-to-Pay-Service-Tax/author/teachoo/

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3.What are the changes in Reverse charge mechanism (effective from 01-10-2014)

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Reverse charge introduced in case of Aggregator Service Lottery Agent Service Mutual Fund Agent Service Also in case of Manpower Service of Non COmpany Service Provider and receiver earlier paid 25% and 75% now Service Provider did not pay anything and service receiver paid 100%

Before 1/10/2014 In case of Motor Cab (rENT a cab service) in case service provider doesnot take abatement, Provider and receiver paid 60% and 40% From 1/10/2014,Provider and receiver paid 50% and 50% Learn more http://www.teachoo.com/476/157/Different-Services-under-Partial-Reverse-Charge/Liability-to-Pay-Service-Tax/author/teachoo/

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4. What is the Change in Abatement for GTA services w.e.f. 01.04.15?

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Earlier there was 75% Abatement on Goods Transport Service (Freight Service) Now,there is 70% Abatement Current Rate =15%*30%=4.5% Learn More http://www.teachoo.com/436/353/Difference-between-Exemptions-and-Abatements/Concept-of-Abatement/author/teachoo

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5. What is the rate of Swachh Bharat Cess and when it will come in effect? On which value it will be charged?

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Swachh Bharat Cess came into effect from 15 Nov 2016 It is charged on Amount of taxable service http://www.teachoo.com/3875/320/What-is-the-Rate-of-Service-Tax-for-2015-16-and-2016-17/Basics/author/teachoo/

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6. What is the new Service Tax Rate and when it will come in effect?

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New Service tax Rate is 15% (14% Service tax+0.5% Swachh Bharat Cess+0.5% Krishi Kalyan Cess) from 1 june 2016 Learn more http://www.teachoo.com/3875/320/What-is-the-Rate-of-Service-Tax-for-2015-16-and-2016-17/Basics/author/teachoo/

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7. What is the date of payment service tax where the amount of service tax is paid by cheque and its presented to the designer bank on May 6, 2013 and realized by the bank on May 7,2013 ? Whether any interest and penalty is attracted in this case?

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Not relevant now as Service tax is now paid electronically through epayment

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8. Whether service tax credit availed on input service during the period June 1, 2016  To June 4 , 2016 can be utilized for the payment of service tax on the output services provide for the month ended May, 2016 which is due for payment on June 6, 2016

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No

It can be used for payment of Service tax of June 2016 whose due date is July 6,2016

Service tax of May 2016 is due for payment on June 6 2016

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9 .  Is service tax payable on the advances received by service provider ?

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Yes

Service tax is normally payable on Bill Issued or Advance Received which ever is earlier

However some persons pay it only on cash basis

Refer

http://www.teachoo.com/4008/329/Service-Tax-Payable-On-Payment-Basis-In-Some-Cases/Challan-Procedure-and-Due-dates/author/teachoo/

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10. What is the time limit under rule 4A for raising / issuing an invoice ?

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http://www.teachoo.com/469/343/Time-limit-for-issue-of-invoice/Concept-of-Point-of-Taxation/author/teachoo

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11. What are the due dates of monthly / quarterly payment of service tax and filling of returns under the service tax law?

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For Due dates of Challan

http://www.teachoo.com/873/329/Form-Name-and-Due-Date-for-Companies-and-Non-Companies/Challan-Procedure-and-Due-dates/author/teachoo

For Due Dates of Return

http://www.teachoo.com/875/333/Form-Name-And-Due-Date-/Return-Procedure-and-Due-Dates/author/teachoo

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12. Write short note on reverse charges mechanism in service tax.

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Refer

http://www.teachoo.com/3874/356/Different-types-of-Service-Tax/Concept-of-RCM-(Reverse-Charge-and-Partial-Reverse--Charge)/author/teachoo

http://www.teachoo.com/882/356/Comparison-of-Normal-Charge-and-Reverse-Charge/Concept-of-RCM-(Reverse-Charge-and-Partial-Reverse-Charge)/author/teachoo/

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13.   If service provider not charging service tax on bill & not depositing to department then who is liable for service tax...service provider or service receiver..???

Support  with actual case study?

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There can be 2 cases

  1. Service falls under Normal Charge
  2. Service falls underReverse Charge

 

1.Service falls under Normal Charge

In this case,Service Provider is responsible to pay Service tax

Suppose Service provider gives bill of 100000 and fails to charge Service tax,

it will be assumed that bill of 100000 includes Service tax of 15%

So

Amount=100000*100/115=86957

Add Service tax @ 15%=13043

Total=100000

2. If Service falls under Reverse charge

Suppose Service provider gives bill of 100000 and fails to charge Service tax,

In this case, Service receiver has to pay him 100000+pay 15000 Service tax to Govt

In case,Service provider gives bill of 100000 + 15000 Service tax,in this case also Service receiver has to pay him 100000+pay 15000 Service tax to Govt

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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
  • mohd afridi's image

     

          plz give me advice. What is show in my CV relative to GST Form( GSTR-1,GSTR-2,GSTR-3,GST 3B etc With Date Details. I want.

          I'll send cv to MNC Company.

         Thanks & Regard.

        Mohd Babar.

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