Service Tax and 2 Firms

1) whats function of your TWO firms ? if firm 1 is also in service then department may drag u in soup today or tomorrow. by clubbing provision as proprietor ship firm has ONE PAN.

2) Mere foreign inward remittence does not exempt us from any tax, 

3) get ur 2nd firm also endorsed in ST1, and file centralized return. 

4) if your turnover is above threshold limit then pay service tax on this transaction.

5) personal a/c is also in same PAN so no escape. 

I do Pay tax But Its Income Tax on Firm ABC.

How about if I cancel STT and surrender it before 31st March ?

no prob if u surrender the STC code, but if ur service limit is above 10Lacs, then u would be in watchlist of department. 

Any  WAY to avoid SERVICE tax when I get some payment in my personal account ?

Originally posted by : Sushant
	Any  WAY to avoid SERVICE tax when I get some payment in my personal account ?

payment does not confirm that the payment is related to service tax, but your documents. 

So, lets say I have recieved 10000.

But I have Not given the bill as it was not asked.

So, I don't have to pay Service Tax on it ?

if u can show that the amount is not related to service tax than no question of tax. 

everything depends on your accounting system, and you have keep records for your transactions.

Any Suggestions on what can be Other reason for accepting payment , not related with service tax ?