Sir,
we take our service tax registration in May 2010. But our yearly received was exceed Rs. 10 lacs on FY - 2008-2009. Now the department ask us to pay service tax of our previous financial year receipt amount. In this case, if we will pay the previous service tax, then can we claim the same service tax from our mother company?
will they reimburse the same?
KIndly guide me about this matter as early as possible..
Regards,
Saugata Ghosh
1) you were liable to pay service tax when the service charge exceeded 10 Lacs, if u have failed to do so, you are liable to pay the same from your own, ( its only above 10 lacs not on whole), if you have good relation with buyer ( service receipent) then make debit note in his favor and ask to pay, otherwise its leak to your own pocket.
2) 0809 is if taxable then you are liable to pay from zero in 09-10, remember that u can not avail 10L exemption in 09-10.
CAclubindia
