Can any service provider, without having registered his firm/ company/ institution under Service Tax i.e. without having STP code, collect service tax @ 10.30%?
Thanks in Advance.
Menu
without having STP code can the service provider collect ST?
Replies (5)
No. It is not posible.
If he is doing so it is illegal plus if he is over minimum limit he should get registerd or he might face severe consequences
| Originally posted by :Prasanna Kumar | ||
| " |
Can any service provider, without having registered his firm/ company/ institution under Service Tax i.e. without having STP code, collect service tax @ 10.30%? The probalem could be that the client/ cusotmer may not get credit and you would have to send the registration certificate later for him to claim the same. |
" |
If the service tax is collected by any person, whether registered or unregistered, It is mandatory to deposit such service tax to the credit of central govt.
Yes section 73a specifically p[rovides that such payments are tobe depoited with the revenue.
An alternative if not liable is to pay the same back to the cusomter and proof of the same retained.
Recent Threads
- AI-Powered Taxation in 2025: How GST, ITR, and Aud
- How to Manage Time as a CA Aspirant – Smart
- Completing the ITR-3 Form Online: A Complete Guide
- GSat on sale of assets
- 234 f penalty
- GST REGISTRATION FOR CARPENTER WORK
- Standard deduction for family pensioners
- Concerning tax savings or understanding the long-t
- F&O losses
- Is form 10 IE needed in this case?
Related Threads
CAclubindia
