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INTERVIEW QUESTIONS
TAX
SERVICE TAX
DETAILS
Question: Who can apply for an Advance Ruling of Service Tax?
Answer: i. A non-resident setting up a joint venture in India in collaboration with a nonresident or a resident; or
ii. A resident setting up a joint venture in India in collaboration with a non- resident; or
iii. A wholly owned subsidiary Indian company, of which the holding company is a foreign company, which proposes to undertake any business activity in India;
iv. A joint venture in India, (Ref.: Section 96A of the Service Tax, Provisions under Finance Act, 1994).
v. A resident falling within any such class or category of persons, as the Central Government may, by notification in the official Gazette, specify in this behalf, and which or who, as the case may be, makes application for advance ruling under subsection (1) of section 28H of the Customs Act or Section 23C of Central Excise Act or Section 96C of Service Tax provisions of Finance Act, 1994.
vi. A resident as an applicant who proposes to import any goods from the Republic of Singapore under Comprehensive Economic Co-operation Agreement (CECA). –Refer Notification No.69/2005 dated 29.07.2005.
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Question:
Who can apply for an Advance Ruling of Service Tax?
Answer:
i. A non-resident setting up a joint venture in India in collaboration with a nonresident or a resident; or
ii. A resident setting up a joint venture in India in collaboration with a non- resident; or
iii. A wholly owned subsidiary Indian company, of which the holding company is a foreign company, which proposes to undertake any business activity in India;
iv. A joint venture in India, (Ref.: Section 96A of the Service Tax, Provisions under Finance Act, 1994).
v. A resident falling within any such class or category of persons, as the Central Government may, by notification in the official Gazette, specify in this behalf, and which or who, as the case may be, makes application for advance ruling under subsection (1) of section 28H of the Customs Act or Section 23C of Central Excise Act or Section 96C of Service Tax provisions of Finance Act, 1994.
vi. A resident as an applicant who proposes to import any goods from the Republic of Singapore under Comprehensive Economic Co-operation Agreement (CECA). –Refer Notification No.69/2005 dated 29.07.2005. Source: CoolInterview.com
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What is the scheme of Advance Rulings of Service Tax?
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What is meant by Advance Ruling in case of Service Tax?
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What constitutes Import of Services?
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What will be "Usual Place of Residence" of a body corporate?
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Where provider of the service has his business establishments in more than one country, which country should be treated as the country from which service is provided?
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Is the recipient of service liable to pay tax for the taxable service is provided from outside India?
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What is the statutory provision regarding taxing of services provided from outside India and received in India?
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Where can one file claims for refund of service tax paid on taxable services used by the exporter of goods, allowed under Notification No 17/2009 ST dated 7.7.2009?
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Where can one file the rebate claims or refund of unutilized CENVAT Credit?
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Whether service tax paid on taxable services used in relation to export of goods, Refundable?
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What are the incentives for Export of Services?
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If export proceeds are received in Indian currency, will it be denied export benefit?
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What constitutes Export of Services?
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What is Export of Services? Whether export of services is exempted from Service Tax?
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Is unutilized CENVAT credit refundable?
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Whether Cenvat credit is admissible on capital goods which are exclusively used in providing exempted goods?
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What should be done, if an assessee is rendering both taxable services as well as exempted services, but the inputs and input services are common?
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What are the records to be maintained by the persons availing credit?
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Whether the input service distributors should get themselves registered with the Department? Whether they have to file any returns with the Department?
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What is the format of the invoice / bill / challan to be issued by the input service distributor?
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