11 October 2011
SIR HOW ARE YOU A PERSON IS ENGAED IN TARDING OF E RECHARGES VOUCHERS OF AIRCELL CO. WHEN HE PURCHASED GOODS FROM CO FOR Rs. 1000000 , AND COMANY RAISE INVOICE , IN INVOICE COMPANY CHARGED SERVICE TAX Rs. 1030000/- AFTER THIS THE PERSON RAISE BILL TO THE COMANY FOR COMMISSION AND GROSS AMOUNT OF BILL IS 300000/- AND CHARGED SERVICE TAX Rs. 30900/- WHAT IS THE SERVICE TAX LAIBIITY OF THE PERSON CONCERNED, PLEASE TELL ME IUN DETAIL BY WHICH I FILE SERVICE TAX RETURN AND PAY THE TAX ACCORDINGLY. please answer
11 October 2011
The Service tax on sales of e-recharge vouchers is to be paid by you. This can be set off against credit for service tax paid on purchase of e-recharges from Aircel. Now you have to pay the service tax of Rs. 30,900/- to the Central Government for service tax so collected by you at the time of raising your commssion invoice.
12 October 2011
The service tax charged in the invoice must already be included in the price(Rs1000000) of recharge vouchers. Take cenvat credit of that(by the dealer). Now when you(dealer) sell the vouchers you have to again pay the service tax on sale of vouchers. Use the above cenvat credit against service tax liability arising on sale of vouchers!
CAclubindia
