hi
where mr x is not liable to pay service tax but he pays service tax for the liability of mr. Y. however he collects the amount from mr Y.afterwards department serves a demand notice of service tax on mr y.what should mr. X and mr. Y do?
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Service tax
Replies (5)
Service tax on creache
You say x has paid service tax for y, if x has paid service tax stating the Service tax registration number of y then it means y has paid his tax by borrowing funds from x
if x has not stated y's registration number in the return forms, y has to pay his service tax liability with interest
What happens to the tax paid by X? Where is that accounted? X should have initmated some particular accounting head to deposit that tax, isnt it?
This is a vague question. No clarity and no substance without any solid info. Please refer or carryon the series.
can anybody tell me the services which are applicable and required to be studied for Nov 2007 Final CA exam . please forward me a list to reduce my tension Thanks
Dinar
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