Interview Questions.

Question 1. What Is E-submitting Of Service Tax Returns?

Answer :

The e-filing is a facility for electronic submitting of Service Tax Returns through the Internet.

Question 2. What Is Export Of Services? Whether Export Of Services Is Exempted From Service Tax?

Answer :

What constitute export of provider is defined within the Export of Service Rules, 2005. The export of taxable offerings is exempted from Service Tax.

Taxation Interview Questions
Question three. What Will Be "regular Place Of Residence" Of A Body Corporate?

Answer :

Usual Place of Residence, in terms of a frame corporate, manner the location wherein it's miles incorporated or otherwise legally constituted. (Ref.: Explanation 2 to sub-section 2 of Section 66A of the Finance Act,1994.)

Question four. When Should A Prospective Assessee Obtain Registration?

Answer :

When a person commences commercial enterprise of providing a taxable service, he's required to sign up himself inside 30 days of such graduation of enterprise[sub-rule (1) of Rule 4 of Service Tax Rules, 1994].
In case service tax is prolonged to a brand new carrier, an current provider issuer ought to sign in himself, unless he is eligible for exemption below any notification, within a duration of 30 days from the date of recent levy [sub-rule 5A of Rule 4 of the Service Tax Rules, 1994].
Question 5. For What Exactly Can Automation Of Central Excise And Service Tax (aces) Be Used?

Answer :

Online registration and modification of registrations info.
Electronic submitting of files which includes returns, claims, letter for permission/ intimation and many others.
Online tracking of popularity of applications filed for claims, permission/ intimation and many others.
Online facility to view files like Registration Certificates, Returns, Show Cause Notice, Order-in-Original etc.
US Taxation Interview Questions
Question 6. What Is The Relevance Of Declared Tariff? Is The Tax Required To Be Paid On Declared Tariff Or Actual Amount Charged?

Answer :

includes fees for all amenities supplied inside the unit of lodging like furnishings, air-conditioner, refrigerators and many others., however does now not encompass any cut price supplied at the published expenses for such unit. The relevance of ?Declared tariff? Is in figuring out the legal responsibility to pay service tax as a long way as brief term lodging is concerned. However, the actual tax might be at risk of be paid on the quantity charged i.E declared tariff minus any discount offered.

Question 7. Can Service Tax Show Cause Notice Be Waived?

Answer :

Where any provider tax has now not been levied or paid or has been short-levied or brief-paid or erroneously refunded, the man or woman chargeable with the service tax, or the person to whom such tax refund has erroneously been made, may additionally pay the quantity of such carrier tax on the premise of his very own ascertainment thereof, or on the premise of tax ascertained through a Central Excise/Service Tax Officer before service of word on him and inform the Central Excise/Service Tax Officer of such fee in writing.

Goods and Services Tax Interview Questions
Question eight. Is The Value Added Tax Imposed By States Required To Be Included For The Purpose Of Service Tax?

Answer :

For the purpose of service tax, State Value Added Tax (VAT) has to be excluded from the taxable fee.

Question 9. What Are The Returns A Service Tax Assessee Has To File?

Answer :

ST-3 Return : For all of the registered assessee, which includes Input ServiceDistributors, (Ref. Section 70 of Finance Act,1994 and Rule 7 of Service Tax Rules, 1994 read with Notfn.No. 14/2007-ST dated 02.04.2007).
ST-3A Return:The assessee who is making provisional evaluation below rule 6(four) of the Service Tax Rules, 1994.
Pan Tan Service Tax Interview Questions
Question 10. If Export Proceeds Are Received In Indian Currency, Will It Be Denied Export Benefit?

Answer :

If export proceeds are acquired in Indian currency, no export advantages shall be available.

[Ref. Rule 3(2)(b) of Export of Service Rules, 2005].

Question eleven. Can The Department Modify The Value Determined By The Service Provider?

Answer :

The Central Excise Officer is empowered to verify the accuracy of any data supplied or document offered for valuation.
If the value followed by the Service Tax assesses isn't suitable in accordance with the statute, the officer shall issue a show cause notice (SCN) providing to determine the fee as per the law.
The SCN might be determined after offering reasonable opportunity of being heard to the assesses.
Capital Gains Tax Interview Questions
Question 12. Which Banks Provide The Facility Of E-price Of Service Tax?

Answer :

The following banks offer e-fee facility:

Allahabad Bank All Commissionerates
Bank of Baroda All Commissionerates
Bank of India All Commissionerates
Bank of Maharashtra All Commissionerates
Canara Bank All Commissionerates
Central Bank All Commissionerates
Taxation Interview Questions
Question thirteen. What Are The Duties / Taxes That Can Be Availed As Credit In Case Of Service Tax?

Answer :

As stated at para 12.1, Duties paid at the inputs and capital goods, and the Service Tax paid at the input? services may be taken as credit score. Education Cess paid at the Excise responsibility and Service Tax can also be taken as credit score. However, the credit of such Education Cess availed may be utilized handiest for charge of Education Cess regarding output service.

Question 14. When Paid By Cheque, Which Date Will Be Treated As Date Of Payment For Service Tax Payment?

Answer :

The date of presentation of the cheque to the financial institution specific by way of the Central Board of Excise & Customs for this reason will be deemed to be the date on which provider tax has been paid situation to consciousness of that cheque.

Question 15. What Is Meant By Service Tax Registration? Who Should Apply For Service Tax Registration?

Answer :

In phrases of Section sixty nine of the Finance Act,1994 (Chapter V) examine with rule four of the Service Tax Rules,1994:

Every man or woman who has supplied a taxable carrier of value exceeding Rs. 9 lakhs, inside the previous economic yr, is needed to register with the Central Excise or Service Tax workplace having jurisdiction over the premises or office of such service provider.
In case a recipient is liable to pay carrier tax, he additionally has to gain registration.
Excise Duty Tax / CENVAT Interview Questions
Question 16. Are There Any Geographical Restrictions On Banks For Service Tax Payments?

Answer :

No. Customer can effect fee from anywhere for the Commissionerate in which he is registered with, provided that precise bank is distinct and certified to collect revenue for that Commissionerate.

Question 17. Are There Any Statutory Documents Prescribed By The Government Such As Specified Invoice Proforma, Specified Registers Etc. For Use By The Service Providers?

Answer :

There are no unique statutory information which must be maintained by using a Service Tax assessee. The information inclusive of automated information, if any, which are being maintained by an assessee on his personal or as required under every other law in force, consisting of Income Tax, Sales Tax etc. Are suitable for the motive of Service Tax - (Rule five(1) of the Service Tax Rules, 1994).

Toll Tax Interview Questions
Question 18. Where Can The Service Tax Department Be Contacted?

Answer :

In Ahmedabad, Bangalore, Chennai, Delhi, Kolkata & Mumbai (Mumbai I & II) there are distinctive Service Tax Commissionerates.

US Taxation Interview Questions
Question 19. What Is The Procedure For Registration? Who Should Be Approached For Service Tax Registration?

Answer :

A prospective Service Tax assessee (service issuer or carrier receiver) or "Input Service Distributor" in search of registration have to report an application in Form ST-1 (in duplicate) [prescribed vide Notfn.No. 32/2005 dated 20.10.2005 as amended Notfn. No. 11/2008 dated 1.3.2008] before the jurisdictional Central Excise/Service Tax officer. To confirm the correctness of announcement within the stated form, positive documents together with reproduction of PAN card, evidence of address of commercial enterprise premise(s).

Question 20. Whether Cleaning Of Export Cargo By Fumigation Is Taxable Under "cleansing Services"?

Answer :

No. Fumigation of export cargo consisting of agricultural/horticultural produce, whether or not loaded into bins or otherwise, does no longer fulfill the statutory definition of "cleansing activity" beneath Section 65(24b) of the Finance Act, 1994. Further the cleaning of the packing containers used for exporting the cargo are also exempted from the scope of cleaning offerings.

Sales Tax Interview Questions