Our office uses two vehicles on hire and it is paid on fortninghtly against bills raised by owner. My querry is that both of them are not registered under service tax as total amount is below Rs.10,00,000.00 so they do not charge service tax on bill.Since we are registered under reverse charge and we are paying service tax as per rule.What implication we have to face for not depositing tax by the owners?
CAclubindia
