I have some queries about Service Tax, I am working in a
Insurance Broking Company.
1) We have raised one bill on 25.04.09 for the services
provided by us in the month Mar, 09 Now We received the chq
on May, 09 followed in the Month of June,09. When the
service tax is actually payable in the month of received of
Service tax amount or in the month of services actually
provided by us (Mar09)
2) Can we take 100% credit of Service Tax Input paid to
those who provided services to us. Suppose Service Tax
payable is Rs. 100/- and Service tax charged by the other
firms/company Rs. 80/-. The question is That can we deduct
Rs. 80/- (already paid). Now Net ST payable would be Rs.
20/- or other percent of service tax input is available
3) What is the rate of interest for Service tax if not paid
on time.
Pls help me out asap
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