Service tax on car provision to bsnl
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2015
i PROVINDING CAR TO bsnl YEARLY COLLECTION IS EXPECTED TO BE RS 10 TO 12 LAKHS WHETHER i AM LIABLE FOR SERVICE TAX IF YES WHAT IS THE RATE OF TAX PAYABLE BY ME OR TO BE COLLOECTED. iT IS INFORMED TO ME That BSNL IS PAYING PLEASE GUIDE ME
20 June 2015
If Service Provider is individual, HUF, proprietory or partnership firm or AOP located in taxable territory and Service Receiver is business entity registered as body corporate located in taxable territory, reverse charges applies.
As you are saying that it is informed to you by BSNL that they are paying Service Tax. That means they are paying under Reverse Charges Mechanism and you need not to worry.
But yes if your status is a company then the liability will comes to you partially.
As you are saying that it is informed to you by BSNL that they are paying Service Tax. That means they are paying under Reverse Charges Mechanism and you need not to worry.
But yes if your status is a company then the liability will comes to you partially.
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