Adjustment of service tax in rcm
This query is : Resolved
28 February 2014
An AOP has collected some fund along with service tax from its members for fighting a legal case. AOP has made some payment to advocates from this fund.
1)AOP is liable to deposit service tax collected from members.
2) AOP will also be liable to pay service tax under reverse charge on payment made from this fund to advocates.
3) If above both service tax payable, it is double taxation. How to adjust/avoid this duplicacy. Pl advise
1)AOP is liable to deposit service tax collected from members.
2) AOP will also be liable to pay service tax under reverse charge on payment made from this fund to advocates.
3) If above both service tax payable, it is double taxation. How to adjust/avoid this duplicacy. Pl advise
28 February 2014
AOP covered under business entity then service tax liability will arise. You need to pay service tax under reverse charge systems.
28 February 2014
Dear Arun Kumar Singh,
Agreed, AOP has to pay S Tax under reverse charge, but will it be liable to pay S Tax on contribution received alongwith S Tax from members ? if yes, is it not double payment ?
Pl clarify.
Agreed, AOP has to pay S Tax under reverse charge, but will it be liable to pay S Tax on contribution received alongwith S Tax from members ? if yes, is it not double payment ?
Pl clarify.
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