Negative list


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Querist : Anonymous

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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

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

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Querist : Anonymous (Querist)
30 May 2015 They had mentioned contract price only but no matter of service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2015 As service provided by us is exempted , so no matter of input tax

30 May 2015 It is a new levy check it up with other customers of your advertising agency.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2015 other customers are paid so we should also pay?

30 May 2015 Yes you should fall in line with mostly accepted practice.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2015 we can also assume that contract price is inclusive of service tax

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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