Input service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 April 2013 CAN ANYBODY (INDIVIDUAL/FIRM/PVT. LTD. CO./PUBLIC LTD. CO.)TAKE INPUT SERVICE TAX AS SERVICE RECEIVER ON "CIVIL CONSTRUCTION OF RES. COMPLEX" AND DISCHARGE HIS LIABILITY AFTER DEDUCTING OF INPUT? PLEASE ANSWER EXPERTS TO RESOLVE THE QUERY WITH SECTION DETAILS.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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28 May 2013 The basic law is if you have paid service tax
and some of the cases you are liable to pay the ST then against payment you can adjust the payable. This rule applied to every one irrespective of any type of industry. If after adjustment the ST remains payable you have to pay it otherwise not. You have to file the returns for what you have done in time to avoid interest.