Remittance of servicetax collected from the customer to govt
This query is : Resolved
Ramakrishna
(Querist)
25 April 2012
sir,
our company business is a hotel business, our company is collecting Service Tax @ 10.30 % on following catering services during the financial year 2011-12
1. Hotel Accomidation service
2. Mandap keeper services
3 . Restaraunt services
we know that there is a abatement of 50 %, 40 % ,70 % on the above Respective category services while making service tax payment to the government we considering the abatement on the above category of services and paying service Tax @ 5.15 % ,6.18 %,3.09% respectively
my query regarding the service Tax is “ Is it compulsory that the service tax amount collected from the customer is remitted to the government (or) not ?
our company business is a hotel business, our company is collecting Service Tax @ 10.30 % on following catering services during the financial year 2011-12
1. Hotel Accomidation service
2. Mandap keeper services
3 . Restaraunt services
we know that there is a abatement of 50 %, 40 % ,70 % on the above Respective category services while making service tax payment to the government we considering the abatement on the above category of services and paying service Tax @ 5.15 % ,6.18 %,3.09% respectively
my query regarding the service Tax is “ Is it compulsory that the service tax amount collected from the customer is remitted to the government (or) not ?
Pratik Pankaj Shah
(Expert)
25 April 2012
Yes.
Any amount collect from customer showing as service tax should be credited to Central government account otherwise interest liabilities with penalty would be attracted.
Any amount collect from customer showing as service tax should be credited to Central government account otherwise interest liabilities with penalty would be attracted.
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