Service tax liability
This query is : Resolved
Atinder Singh
(Querist)
18 October 2013
Dear Sir
We had started the business of Events Management and registered under service tax on 15/04/2013 & provided the services for Rs. 300000/- in last half year and we had charged the service tax on the invoice but the payment is received only Rs. 85000/- yet & we have not deposited any service tax due to insufficient fund please tell us what we should liable to under service tax.
We had started the business of Events Management and registered under service tax on 15/04/2013 & provided the services for Rs. 300000/- in last half year and we had charged the service tax on the invoice but the payment is received only Rs. 85000/- yet & we have not deposited any service tax due to insufficient fund please tell us what we should liable to under service tax.
Arun Kumar Singh
(Expert)
18 October 2013
Now you should pay the service tax along with interest on received value of rs. 85000/- at the rate of 12.36% and interest should be pay @ 18% per annum.
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