payment of service tax of a company by directors account

1596 views 3 replies

Hi Can I pay the service tax of a Pvt Ltd company by using the internet banking account of the director of the company. Please note that the account of the company does not have internet banking facility. But one of the directors of the company have internet banking facility in his personal savings account. So can the director use his personal savings accout for paying the service tax of the company. Please reply its urgent

PLEASE SUGGEST A REMEDY

Replies (3)

While technically you can, it may give raise to problem as the debits will appear in th director's account who has nothing to do with transaction while no debit entries relating to service tax would appear in the company's account which renders service. The correlation would give raise to avoidable explanations and reconcilliations.

Not only technically but also authentically because recently the Govt. has clarified that tax can be remitted from others' bank account provided the payees' details are mentioned clearly i.e., on behalf of whom tax is being remitted.

That clarification was issed by income tax department.  Whether the same will be applicable for payment of service tax also?  I think that since service tax is an indirect tax those who collected the tax alone is liable to pay the tax.  

It should not be very difficult to open internet a/c in the name of the company. Let the same director do the transactions and pay service tax.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details