Service Tax Liability (Payer or Payee)?
This query is : Resolved
23 December 2008
Sir,
We are paying professional consultancy fees which will exceed Rs. 8 lacs in current financial year.
We are paying these payments after deducting TDS under section 194J. But, the consultants are not charging any service tax on its bill.
What is our liability ?
Kindly reply ASAP.
Thanks,
Subhash Kumar Jha
We are paying professional consultancy fees which will exceed Rs. 8 lacs in current financial year.
We are paying these payments after deducting TDS under section 194J. But, the consultants are not charging any service tax on its bill.
What is our liability ?
Kindly reply ASAP.
Thanks,
Subhash Kumar Jha
23 December 2008
MR Jha,
1) The service tax floor limits for this year are 10 Lkhs.
2) It is the service provider who is responsible to collect & pay the service tax.
3) as mentioned by u that they are not charging than they may either not falling under the service tax net, Else in either case it is their responsibility.
4) Till you are deducting TDS you are also right under the I T law.
You require any further clarification
CHANDRAKANT AMBANI
BOMBAY
9819408963 / 9821240674
preetiambani@yahoo.com
1) The service tax floor limits for this year are 10 Lkhs.
2) It is the service provider who is responsible to collect & pay the service tax.
3) as mentioned by u that they are not charging than they may either not falling under the service tax net, Else in either case it is their responsibility.
4) Till you are deducting TDS you are also right under the I T law.
You require any further clarification
CHANDRAKANT AMBANI
BOMBAY
9819408963 / 9821240674
preetiambani@yahoo.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Suggestions required for income tax filing-software (FY 2025-26)
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
