Procedure to shown R&D Cess and S.Tax on Royalty

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..... Procedure to shown R&D Cess and S.Tax on Royalty
Query (Issue) Started By: - RAM NAUDIYAL Dated:- 14-12-2012 Last Reply Date:- 15-12-2012 Service Tax
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Service Tax
Dear Experts, .....

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..... What is the procedure of service tax on royalty and R&D Cess to show in service tax return. As per service tax rule we have to pay 5% R&D cess and balace 7% in service tax on royalty. Secondly can w .....

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..... e take cenvat credit of 7% service tax on royalty. Pl. advice. Thanks Reply By JAMES PG: The Reply: First of all R&D Cess is not payable under ST Rules.It is payable under section 3 of the Research .....

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..... and Development Cess Act, 1986 (32 of 1986)R&D Cess Act. Amount paid towards R&D Cess can be claimed as exemption from ST payable as per Not 14/2012-ST dated 17.03.12. While filing ST-3 Return, this .....

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..... notification can be qouted. Cenvat is available as per the eligibility norms of CCR
Discussion Forum - Knowledge Sharing .....

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