Negative list

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2015 Sir
We had entered a contract with Advertising Agency for publishing posters on trains,as Agreement entered on September 2014 , as per 2014-15 budget it was removed from negative list however it will apply from 1 oct 2014 , in agreement there is no clause for but know he is asking for the Service Tax amount, give guidelines whether to pay or not

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 May 2015 See the contract condition tax inclusive or extra. Applicability of new taxes. If nothing is mentioned being a new levy after contract entered into pay it. If you are paying service tax or excise duty you can claim cenvat credit.

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Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2015 They had mentioned contract price only but no matter of service tax

Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2015 As service provided by us is exempted , so no matter of input tax

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 May 2015 It is a new levy check it up with other customers of your advertising agency.

Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2015 other customers are paid so we should also pay?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 May 2015 Yes you should fall in line with mostly accepted practice.

Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2015 we can also assume that contract price is inclusive of service tax

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 May 2015 Ye can also assume contract price is inclusive of service tax as amendment to service tax done on the date of agreement.

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