TRUE/FALSE

TRUE/FALSE

1. The airfare collected by air travel agent in respect of service provided by him shall be included in the value of services.
2. Revised return is filed in Form ST-3
3. Interest on delayed payment of Service Tax is not levied.
4. There is no provision of Provisional Payment in Service Tax.
5. It is not necessary to specify the heading under which the service being provided, falls.
6. Registration procedure in case of reverse charge has to be done by Service Recipient.
7. Due date of submission of half yearly return ST-3 for the period April-September is 30th October.
8. The value of goods transferred to the job worker is included in the assessable value of service.
9. ST-3 can be signed by Assessee only.
10. Statutory services are also known as taxable services.
11. Single registration in the case of multiple services rendered is possible subject to conditions.
12. The due date for monthly return for service tax is the 25th of the succeeding month in the case of a company.
13. Membership fee paid by professionals is not taxable.
14. Service provided from India with respect to immovable property situated abroad is called export of services.
15. Service tax records are to be maintained at the registered premises of the service receiver.
16. Provisional assessment is not applicable at any given case under service tax provisions.
17. Education cess is levied from Finance Act, 2004
18. Services delivered by a person having a place of business in Jammu and Kashmir to a person having a place of business in Gujarat is subject to service tax.
19. Original Return & Revised return both are to be filed is Form ST-3.
20. Ascertainment of Taxable service is mandatory in order to form part of the value of taxable services.
21. Tax Reforms Committee (This Committee recommended imposition of tax on select services in early 1990’s) was headed by Dr. Manmohan Singh.
22. Matters relating to levy and collection of indirect taxes (customs duties, central excise duties etc.) fall within the purview of CBDT.
23. There is a concept of pure agent that exists for the purpose of service tax valuation.
24. When gross amount of service tax payable is nil, penalty may be reduced or waived if sufficient cause exists for not filing returns.
25. Circulars / Office Letters / Instructions are issued by Central Board of Excise and Customs.
26. Service tax will be paid by an individual and by a company on quarterly and monthly basis respectively.
27. Single Registration is possible with the permission from Department, only when the assessee maintains centralized billing or centralized accounting for multiple services provided from more than one premises.
28. Revised returns can be filed within 120 days from the date of original return filed by the assessee.
29. All the taxable services provided by any person to the United Nations or an International Organisation, are taxable.
30. A person having a place of business in Himachal Pradesh providing services to a person having a place of business in Jammu and Kashmir are liable to service tax .
31. A service provider is the person who receives the service.
32. Service Tax has to be deposited in Non-designated banks.
33. In case of transactions of taxable service with an associate enterprises, service tax is required to be paid not on receipt basis but on receipt or date       of credit/ debit entries in the books of account, whichever is earlier.
34. The service tax shall be paid to the credit of the Central Government by the 6th day of the month, if the duty is deposited electronically through internet banking.
35. There is no option of filing revised returns under service tax provisions.
36. Taxable Services are mentioned in Section 65(105) of Finance Act, 1994.
37. There can be no reversal of CENVAT credit on input service towards Interior decorator services used to produce partly dutiable goods as well as non dutiable goods.
38. Interest on delayed payment of Service Tax is governed by Section 75.
39. If the last day of payment and filing return is a public holiday, tax should be paid and return is to be filed on the previous working day.
40. Service sector is accounted for 49.2% of GDP.
41. Due date of payment of service tax for e-payer is the 5th of following month including the dues for March month.
42. If any service is rendered free of cost, service tax is not payable because the value of the service is zero and no amount is received from the customer.
43. Only those service tax providers, the value of whose taxable service exceeds Rs. 12 lakhs are liable to pay service tax.
44. Person liable for paying service tax in relation to the services provided by an air travel agent has an option to pay an amount calculated at the rate of 0.2% of the basic fare in the case of domestic bookings,
45. ACES stands for Automation of Central Excise and Service Tax.
46. When service recipient has to pay service tax, the turnover criteria does not apply.
47. Out of pocket expenses incurred are not includible in the value of taxable service.
48. Comprehensive and Objective Approach are the two approaches for the levy of Service Tax.
49. Service Tax will be paid by an individual on quarterly basis.
50. GAR-5 is the form for the payment of Service Tax.
51. List 2 of Constitution of India contains the matters in respect of which only the Central Government has the power to make laws.
52. SHEC is levied from Finance Act, 2006.
53. No Service Tax can be levied on an advance payment received.

Answers

1. False. The airfare collected by air travel agent in respect of service provided by him does not included in the value of services.
2. True.
3. False. Interest is mandatory for delayed payment of Service Tax.
4. False. There is a provision of Provisional Payment in Service Tax.
5. False. It is mandatory to specify the heading under which the service being provided, falls. It is necessary for the purpose of classification.
6. True.
7. False. Due date of submission of half yearly return ST-3 for the period April-September is 25th October.
8. False. The value of goods transferred to the job worker is not included in the assessable value of service
9. False. ST-3 can be signed by Assessee only or Authorized Signatory
10. False. Statutory services are not taxable services.
11. True. Single registration in the case of multiple services rendered is possible subject to conditions.
12. False. The due date for submitting the return is half yearly i.e. 25th October and 25th April. There is no monthly return concept in the service tax provisions.
13. True.
14. True. Service provided from India with respect to immovable property situated abroad is called export of services.
15. False. Service tax records are to be maintained at the registered premises of the service provider.
16. False. Provisional assessment is applicable under service tax provisions.
17. True.
18. True. Services delivered by a person having a place of business in Jammu and Kashmir to a person having a place of business in Gujarat is subject to service tax. Place of delivery of service is irrelevant.
19. True.
20. False. In case consideration is received partly or fully in kind or value is not ascertainable, then Service tax can be levied based on the Service Tax (Determination of Value) Rules, 2006 (with effect from 19th April, 2006).
21. False. Tax Reforms Committee (This Committee recommended imposition              of tax on select services in early 1990’s) was headed by Dr. Raja J. Chelliah.
22. False. Matters relating to levy and collection of indirect taxes (customs     duties, central excise duties etc.) fall within the purview of CBEC.
23. True. There is a concept of pure agent that exists for the purpose of service tax valuation.
24. True.
25. True.
26. True. Service tax will be paid by an individual on quarterly basis and by a company on monthly basis.
27. True. Single Registration is possible with the permission from Department, only when the assessee maintains centralized billing or centralized accounting for multiple services provided from more than one premises
28. False. Revised returns can be filed within 90 days from the date of original return filed by the assessee.
29. False. All the taxable services provided by any person to the United Nations or an International Organisation, are Exempt.
30. False. A person having a place of business in Himachal Pradesh providing taxable service to a person having a place of business in Jammu and Kashmir is liable to service tax
31. False. A service provider is the person who renders the service.
32. False. For payment of Service Tax, specific bank has been nominated for every Central Excise/ Service Tax Commissionerate. Thereby Service Tax can be deposited in these designated banks only.
33. True. Service tax is required to be paid on transaction with associated enterprises either on receipt of payment or making credit/ debit entries in the            books of accounts, whichever is earlier. “Associated enterprises” will have the same meaning as defined under Section 92A of the Income Tax Act, 1961.
34. True.
35. False. Revised returns can be filed within 90 days from the date of original return filed by the assessee.
36. True.
37. False. There should be a reversal of CENVAT credit on input service towards Interior decorator services used to produce partly dutiable goods as well as non-dutiable goods.
38. True.
39. False. If the last day of payment and filing return is a public holiday, tax can be paid and return can be filed on the next working day.
40. True.
41. False. Due date of payment of service tax for e-payer is the 6th of following month except the dues for March month.
42. True. If a service is rendered free of cost, service tax is not payable because the value of the service is zero and no amount is received from the customer.
43. False. Only those service tax providers, the value of whose taxable service exceeds Rs. 10 lakhs are liable to pay service tax.
44. False. Person liable for paying service tax in relation to the services provided by an air travel agent has an option to pay an amount calculated at the rate of 0.6% of the basic fare in the case of domestic bookings.
45. True.
46. True.
47. False. Out of pocket expenses incurred are includible in the value of taxable service.
48. False. Comprehensive and Selective are the two approaches for the levy of Service Tax.
49. True.
50. False. GAR-7 is the form used to pay Service tax.
51. False. List 1 of Constitution of India contains the matters in respect of which only the Central Government has the power to make laws.
52. False. SHEC is levied from Finance Act, 2007
53. False. Service Tax can be levied on an advance payment received

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