TaxTMI 
TaxTMI 
Procedure to shown R&D Cess and S.Tax on Royalty
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....rocedure to shown R&D Cess and S.Tax on Royalty<br> Query (Issue) Started By: - RAM NAUDIYAL Dated:- 14-12-2012 Last Reply Date:- 15-12-2012 Service Tax<br>Got 1 Reply<br>Service Tax<br>Dear Experts, ....
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.... What is the procedure of service tax on royalty and R&D Cess to show in service tax return. As per service tax rule we have to pay 5% R&D cess and balace 7% in service tax on royalty. Secondly can we....
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.... take cenvat credit of 7% service tax on royalty. Pl. advice. Thanks Reply By JAMES PG: The Reply: First of all R&D Cess is not payable under ST Rules.It is payable under section 3 of the Research ....
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....and Development Cess Act, 1986 (32 of 1986)R&D Cess Act. Amount paid towards R&D Cess can be claimed as exemption from ST payable as per Not 14/2012-ST dated 17.03.12. While filing ST-3 Return, this n....
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....otification can be qouted. Cenvat is available as per the eligibility norms of CCR<br> Discussion Forum - Knowledge Sharing ....