Registration and late payment
Querist : Anonymous
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???
2. Service receiver turnover is irrelevant.
Here turnover means value of services received.
3. Yes you have to register for service tax.
reverse charge mechanism on freight amount.for that you have to register under service tax.
Querist : Anonymous
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