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TMI BlogDEPOSIT OF SERVICE TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... DEPOSIT OF SERVICE TAX X X X X Extracts X X X X X X X X Extracts X X X X ..... a 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 AB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 obligati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 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 notificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion. 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 cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dit 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he tax paid. X X X X Extracts X X X X X X X X Extracts X X X X
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