19 July 2011
If a company takes service ( goods transport) from an unregistered service provider and pay service tax on behalf of such service provider, should the company deposit such service tax on credit basis or on making payment to the service provider?
19 July 2011
Yes.But input of that credit is allowed only in extent of "Carriage Inward" and not in "Carriage Outward".But S.Tax has to be paid after taking 75% of abatement in both.
19 July 2011
I am not clear with the answer. Actually, we are a printing company and take goods transport service from unregistered transporters. Now we want to know that whether we should pay the service tax immediately on booking the bill or whether we should make the service tax payment later when we actually pay the bill.
CAclubindia
