18 February 2011
SIR I AM A BUS BODY MAKEING CONTRACTOR I HAVE OPERATED MY CONTRACT DURING THE PERIOD 01.4.09 TO 31.03.10 AND MY TURNOVER WAS AROUND 27 LACKS IN THAT YEAR BUT I HAVE NO REGISTRATION IN SERVICE TAX DEPARTMENT AND DURING THE PERIOD 01.04.2010 TO 31.12.10 MY TURN OVER IS AROUND 7.50 LACS IN THIS CASE PLS TELL ME THAT WILL I LIABLE SERVICE TAX AND HOW CAN I SAVE THE SERVICE TAX BCS I AM NOT REGISTERED IN SERVICE TAX DEPARTMENT .
19 February 2011
Now, Department can demand for you service Tax on full value. As per my view, If it is possible, you replace original bills, after crossing the turnover 9 lacs around, with another name. ( Issue new Invoices with Other Name )
Second Option is that If second party is ready to pay Service tax, ( because if they are eligible to avail service Tax credit)then you can collect service tax from them, and pay to govt. and you can born liability of Interest only.
CAclubindia
