Service tax

Dear Friends,

In case where NBFC incurrs Asset Verification Charges on behalf of its client then should the benefit of Service Tax Credit be passed on to its client also.

Should Service Tax be seperately specified on the Invoice issued by the NBFC.

Regards

 Jayshree

 

Replies (3)
Yes if NBFC is incurring asset verification charges as pure agent i.e. getting the charges reimbursed from client then ST also need to be passed to the client.

So while issuing Invoice by NBFC should service tax be seperately disclosed on the invoice.

Yes ST charged should be shown seprately

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