Deposit of service Tax
This query is : Resolved
30 April 2011
Dear All
We are a manufacturing concern.
1)We are a service reciever of Goods Transport Agency on for transportation of raw material.
2)We sell our goods through hired vehicles and the bill amount is kept low to avoid service tax liability
Firstly i want to know that since from 01.04.11 service tax is payable on service recd date instead of earlier on payment date.Now we are having transport bills to be paid left from JAN'11. So when should we deposit service tax for our carriage inward bills pendind fron Jan'11. And is there any penalty if we have violated the last date, if yes then at what rate.
Secondly What is the per bill amount that can be kept to avoid service tax liability in case of our carriage outwards.
Thanking You all In anticipation
We are a manufacturing concern.
1)We are a service reciever of Goods Transport Agency on for transportation of raw material.
2)We sell our goods through hired vehicles and the bill amount is kept low to avoid service tax liability
Firstly i want to know that since from 01.04.11 service tax is payable on service recd date instead of earlier on payment date.Now we are having transport bills to be paid left from JAN'11. So when should we deposit service tax for our carriage inward bills pendind fron Jan'11. And is there any penalty if we have violated the last date, if yes then at what rate.
Secondly What is the per bill amount that can be kept to avoid service tax liability in case of our carriage outwards.
Thanking You all In anticipation
16 May 2011
1. till june 2011 you can continue old practice, but after that you have to pay service tax for the bills on bill date basis, not on payment date basis.
2. 1500/-or below
2. 1500/-or below
21 May 2011
thank you
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