Hi
Query:- I m individual but i m providing services for more than 10 lakh so should i register myself with service tax dept and liable to collect the tax from my clients and deposit the same into the dept ???
Query:- my client providing animation services (clay animation, 2d & 3d animation for ex. cartoon Ramayana etc.)
Now, involvement of 3 persons in this case ( Client - A, advertising agency - B, Company - C)
C contacts B to find a person who can make animation for TV advertise. B contact A for making of animation for C.
A preparer’s Animation to B. After completion of this animation B purchases it from A and sells it to C.
TRANSACTION LIKE THIS
Purchase Mode:
C B A (Advertising Company Purchases it from Client and Company purchases it from Advertising Company.
What are the tax implication in respect to VAT (Delhi VAT) & Service Tax.
Is there any tax planning possible because Client is individual? Project cost more than 10 lakh. Is individual covers under Service Tax?
Thx and regards
Sachin
CAclubindia
