Registration and late payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2015 We received a notice mentioned in it as "Evasion of Service Tax"
every year we use freight services for transporting our steel products.
value of service received every year doesnt exceed 4 lakhs.
our sales exceeds 40 lakhs..
MY QUERIES:
1) Does we the service receiver is liable to pay service tax??.
2) if we have to pay, then interest is 15% if Turn over < 60Lakhs??
what does turn over mean.. i mean is it our sales or value of services
received???
3) Does we have to register for service tax???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 February 2015 1. If you have transported your products through goods transport agency who issues consignment note, as a service receiver you have to pay 100% service tax.
2. Service receiver turnover is irrelevant.
Here turnover means value of services received.
3. Yes you have to register for service tax.

Rupesh Jain

Rupesh Jain (Expert)
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25 February 2015 you have to pay service tax under RCM
reverse charge mechanism on freight amount.for that you have to register under service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2015 Sir, cant we avail the Abatement of 75% on freight charges???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 February 2015 Yes you can avail it.......

Message likes : 1 times

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