Businesss auxiliary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2011 Business auxiliary services:
I am a textile broker. I have taken a service tax number under the category of ‘Business Auxiliary Services’. The issue is that, my customers do not recognize this as a taxable service, even after my explaining them the same and are not ready to pay service tax. If I insist, it will result into losing my customers. Also, many of them pay me out of accounts, i.e. they keep payment made to me, out of the books. Currently, I have to pay all the tax out of my own pocket. Also, I am currently making loss as my GP margin is 5% and I have to pay Service Tax @ 10.3%. Also, raising of commission margin is not possible as it will be above market rate and will again result into losing business.
Can there be a possible solution whereat I can comply with Service tax provisions as well as my customers are retained?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 August 2011 you need to convenience your customer, take opinion from the department or service tax consultant regarding applicability of service tax and submit to customers

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