Service tax
This query is : Resolved
01 June 2015
xyz party gave me generator on rent of rs 100000.
while raising bill whether that party take VAT or service tax?
while raising bill whether that party take VAT or service tax?
01 June 2015
Priyanka its two different things
Try to understand, ST will b on the value of services provided by XYZ Ltd to u. And if TDS will b deducted it will b u to deduct it, not XYZ Ltd. Coz, XYZ is earning the income by providing goods and services(if any). So if there is any Service element present in the transaction then ST to b charged by the Company(if applicable). And TDS should b deducted by u, at the time of making payment to the Company.
Try to understand, ST will b on the value of services provided by XYZ Ltd to u. And if TDS will b deducted it will b u to deduct it, not XYZ Ltd. Coz, XYZ is earning the income by providing goods and services(if any). So if there is any Service element present in the transaction then ST to b charged by the Company(if applicable). And TDS should b deducted by u, at the time of making payment to the Company.
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01 June 2015
ok i got it.
but whether that party(xyz) will add service tax in its bill
whether renting of generator is covered under service tax
but whether that party(xyz) will add service tax in its bill
whether renting of generator is covered under service tax
01 June 2015
It comes under Renting of immovable property, hence liable for Service Tax with Terms n Conditions.
01 June 2015
how it would come under renting from immovable property
whether generator is immovable?
whether generator is immovable?
01 June 2015
Actually its a typo Error, it will b under Works Contract. 00440410, n not immovable property.
01 June 2015
if xyz does not have service tax no. and till date all the bills raised by party for this service are without service tax then who will be liable to pay service tax?
whether there are any complications on my side?
whether there are any complications on my side?
01 June 2015
U r not liable for ST purpose, its the liability of the Company to collect ST from u, I told u earlier too, that for u only TDS is important.
01 June 2015
ok sir
Thanks a lot for your proper guidence.
Thanks a lot for your proper guidence.
01 June 2015
U r always welcome dear.
U can convey ur thanks by hitting the thanks button
U can convey ur thanks by hitting the thanks button
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