TaxTMI 
TaxTMI 
TaxTMI 
DEPOSIT OF SERVICE TAX
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....EPOSIT OF SERVICE TAX<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 7-9-2014 Last Reply Date:- 8-9-2014 Service Tax<br>Got 3 Replies<br>Service Tax<br>ABC Pvt. Ltd. a company registered in India....
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.... want to pay ₹ 600000/- to a company in Mauritus for professional services rendered by it towards formation of a new company, appointment of directors, company secretary. Query is: Whether ABC....
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.... is required to deposit service tax on recipient basis. If yes, at what rate. Reply By kulwant singh khalsa: The Reply: you need to pay @12.36% further there are no abatement or exemption ....
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....Reply By Pradeep Khatri: The Reply: Dear S.C.Wadhwa, Under Rule 3 of the POPS read with Notification No. 30/2012-ST/20-06-2012 w.e.f. 01-07-2012 as amended from time to time, you are under obligatio....
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....n to pay service tax @ 12.36% on the gross value of the amount which is required to be paid to your counter part. Further, there is no abatement or exemption is associated with this notificati....
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....on. This service tax amount is required to be paid through e-payment in cash(GAR-7 challan). Further, you may also avail the CENVAT credit after following the prescribed provisions of the CENVAT cred....
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....it Rules, 2004. Regards, YAGAY and SUN (Management and Indirect Tax Consultants) Reply By Naveed S: The Reply: Yes, deposit the service tax at 12.36% and thereafter avail cenvat credit for th....
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....e tax paid.<br> Discussion Forum - Knowledge Sharing ....