29 April 2011
1. In this regard, it is mentioned that it shall be compulsory for all the ' concerned Service tax assessees registered under the Rules to obtain PAN whether or not they pay Income Tax. The Income Tax Department is being requested to allot PAN on priority basis to all concerned persons.
(2) It is further mentioned that the STC Number will be introduced w.e.f. 1/1/2002. However, the existing classification Code (if any) will continue to be mentioned in all the Service Tax documents which specify/prescribe for mentioning of STC Number.However, from 1/7/2002, only the STC Number will be used.
so, PAN based No is Mandatory. it must be applied earliest. without it, bankers would not accept deposit of service tax.
29 April 2011
Thanks allot sir, And i duly request you to assist in this regard:- Concerned person in above case is a transporter & party is collecting Service Tax on freight :- 1. Is this collection of service tax is valid inspite of the fact that ST no qouted is wrong. 2. If such collection is not valid , does any liability to pay service tax arises by the party paying freight ti the transporter.
CAclubindia
