Partnership firm
This query is : Resolved
02 September 2016
Dear All,
In the Partnership Firm Professional Fess received 30 lacs service tax is appliacle, if yes, please guide me under which income will show to avoid service Tax.
In the Partnership Firm Professional Fess received 30 lacs service tax is appliacle, if yes, please guide me under which income will show to avoid service Tax.
CA R SEETHARAMAN
(Expert)
02 September 2016
Yes service tax applicable. You can't avoid service tax on professional income. Pay service tax and claim the amount from the client, client can claim cenvat credit on it.
02 September 2016
Thanks for the Reply sir, But the invoice Date is March 2015. client is already filed his service tax return. Now it's almost 90 days is over if he is doing revised service tax return he can get the set off benefit.
CA R SEETHARAMAN
(Expert)
02 September 2016
Now service tax return can't be revised after 90 days.
02 September 2016
Any suggestion sir b''caz we are not charged Service Tax for him.
CA R SEETHARAMAN
(Expert)
02 September 2016
Pay service tax with interest voluntarily to avoid penalty.
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