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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2014 SUPPOSE,
A LTD PRODUCE A CAR AND SAME CAR SOLD TO MR B FOR RS. 500000.
WITH CONDITION THAT A LTD PROVIDES FREE SERVICE (SAY WASH CAR) TO MR. B FOR 2 YEAR FROM THE DATE OF PURCHASE )

MY QUESTION IS : CAN A LTD LIABLE TO PAY ANY SERVICE TAX TO THE CG.

Amol S Joglekar

Amol S Joglekar (Expert)
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05 June 2014 yes, the service so provided is taxable service

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2014 PLEASE ME TELL ME THE AMOUNT OF SERVICE TAX LIABILITY ( IN ABOVE SERVICE WAS GIVEN FREE OF CHARGE )

Amol S Joglekar

Amol S Joglekar (Expert)
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05 June 2014 fair value of service provided shall be deemed to be the value for the service tax purpose

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2014 SUPPOSE,
IF A LTD NOT GIVE SERVICE TO MR. B EVEN A LTD LIABLE

Amol S Joglekar

Amol S Joglekar (Expert)
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05 June 2014 service tax for companies is on DUE/MERCANTILE basis... When the invoice is raised containing the free service clause, the service tax becomes due. If the service is not provided, a proportionate monthly deduction may be claimed by the company

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