Partnership firm

This query is : Resolved

Rateesh (Querist)
Follow

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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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.

Rateesh

Rateesh (Querist)
Follow

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

CA R SEETHARAMAN (Expert)
Follow

02 September 2016 Now service tax return can't be revised after 90 days.

Rateesh

Rateesh (Querist)
Follow

02 September 2016 Any suggestion sir b''caz we are not charged Service Tax for him.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

02 September 2016 Pay service tax with interest voluntarily to avoid penalty.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok