service tax
This query is : Resolved
CA NITESH G. SWAMI
(Querist)
24 October 2009
Hi
I am working with a transport company we render service of transportation of material through Air Cargo, one of our client who is engaged in automobile parts manufacturing has given us the contract rates inclusive of service tax and wants us that we do not show service tax in our bills separately as they are saying that it creates some accounting problem with their system.
Actual
Freight 5000
ST @ 10.3% 515
Total 5515
Practice Followed (how we prepare bill)
Freight 5515
ST 0
Total 5515
Although we are depositing the service tax of Rs 515 with the authorities but according to Rule 4A the bill should mention the details of Service tax charged.
So is it a default on our part? If yes what are the implications.
I am working with a transport company we render service of transportation of material through Air Cargo, one of our client who is engaged in automobile parts manufacturing has given us the contract rates inclusive of service tax and wants us that we do not show service tax in our bills separately as they are saying that it creates some accounting problem with their system.
Actual
Freight 5000
ST @ 10.3% 515
Total 5515
Practice Followed (how we prepare bill)
Freight 5515
ST 0
Total 5515
Although we are depositing the service tax of Rs 515 with the authorities but according to Rule 4A the bill should mention the details of Service tax charged.
So is it a default on our part? If yes what are the implications.
ANIL JANGID
(Expert)
25 October 2009
you would not be default you keep ready detail of corelate service amount and service tex amount seperately bill wise.
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