service tax rate
This query is : Resolved
17 March 2009
Sir, If we have received tha amount from the party @ 12.36% as service tax can we deposit 10.30% as service tax to the tax deptt and show balance amount in service tax creditors/in misc receipt of the party.
Further tell me also that if party has given advance payment to us @12.36 % . then what to do.
Further tell me also that if party has given advance payment to us @12.36 % . then what to do.
17 March 2009
Hello Anita,
If you have received ST @ 12.36% then you are under statutory obligation to deposit ST @ 12.36% with the department. [Applying the doctrine of Unjust Enrichment]
It means that if you receive surplus amount in the name of some other person, then you can't use that surplus for your own benefit. Either you refund the surplus to the client or deposit it with the department.
If you have received ST @ 12.36% then you are under statutory obligation to deposit ST @ 12.36% with the department. [Applying the doctrine of Unjust Enrichment]
It means that if you receive surplus amount in the name of some other person, then you can't use that surplus for your own benefit. Either you refund the surplus to the client or deposit it with the department.
17 March 2009
I AGREE WITH REETIKA
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- FORM 141 SDV query
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- GST not cancelled by tenant
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
