SERVICE TAX
This query is : Resolved
18 February 2011
SIR I AM A BUS BODY MAKEING CONTRACTOR I HAVE OPERATED MY CONTRACT DURING THE PERIOD 01.4.09 TO 31.03.10 AND MY TURNOVER WAS AROUND 27 LACKS IN THAT YEAR BUT I HAVE NO REGISTRATION IN SERVICE TAX DEPARTMENT AND DURING THE PERIOD 01.04.2010 TO 31.12.10 MY TURN OVER IS AROUND 7.50 LACS IN THIS CASE PLS TELL ME THAT WILL I LIABLE SERVICE TAX AND HOW CAN I SAVE THE SERVICE TAX BCS I AM NOT REGISTERED IN SERVICE TAX DEPARTMENT .
19 February 2011
Now, Department can demand for you service Tax on full value.
As per my view, If it is possible, you replace original bills, after crossing the turnover 9 lacs around, with another name. ( Issue new Invoices with Other Name )
Second Option is that If second party is ready to pay Service tax, ( because if they are eligible to avail service Tax credit)then you can collect service tax from them, and pay to govt. and you can born liability of Interest only.
You should take advise from other experts.
Thanks
As per my view, If it is possible, you replace original bills, after crossing the turnover 9 lacs around, with another name. ( Issue new Invoices with Other Name )
Second Option is that If second party is ready to pay Service tax, ( because if they are eligible to avail service Tax credit)then you can collect service tax from them, and pay to govt. and you can born liability of Interest only.
You should take advise from other experts.
Thanks
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