I have purchased capital goods from Malaysia for which advance payment of $. 52,000/- was made in January after deducting TDs. The company has a Group Company in India. Its billing name is different and the group company's name is different. Am i Liable to pay service tax ? Due to negligence my tax consultants did not pay service tax on time.
If yes how much and till what time & what interest will be levied on me ?
28 June 2015
No service tax payable on purchase of capital goods. It is only payable on services like erection commissioning services rendered in India.
CAclubindia
