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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2015 I am an consultancy and maintaining an bank account for payment of taxes of clients nothig any other transaction in the account otherthan receipt and tax payment online of various clients is it liable for service tax? if yes on which amount on turnover of account of excess retained in the account.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 July 2015 Service tax payable on excess amount retained in the account being your service charges.
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