Service tax payable by service receiver
This query is : Resolved
27 June 2015
Sir,
I have purchased capital goods from Malaysia for which advance payment of $. 52,000/- was made in January after deducting TDs.
The company has a Group Company in India.
Its billing name is different and the group company's name is different.
Am i Liable to pay service tax ?
Due to negligence my tax consultants did not pay service tax on time.
If yes how much and till what time & what interest will be levied on me ?
I have purchased capital goods from Malaysia for which advance payment of $. 52,000/- was made in January after deducting TDs.
The company has a Group Company in India.
Its billing name is different and the group company's name is different.
Am i Liable to pay service tax ?
Due to negligence my tax consultants did not pay service tax on time.
If yes how much and till what time & what interest will be levied on me ?
28 June 2015
No service tax payable on purchase of capital goods. It is only payable on services like erection commissioning services rendered in India.
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