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
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