St on reimbursements
This query is : Open
18 January 2012
I am a practicing CA; If my clients gives cheque to me including his tax and my fees, shall i collect ST on the tax also claiming it as reimbursement?
Another example, i am paying the taxes first from my account and later he is giving consolidated cheque to me. In this case, shall i collect ST on taxes also?
Another example, i am paying the taxes first from my account and later he is giving consolidated cheque to me. In this case, shall i collect ST on taxes also?
18 January 2012
for tax amounts you can issue invoice, but on the remaining balance you have to issue invoice and charge ST
for tax payments you have to submit him the challans paid from your account.
for tax payments you have to submit him the challans paid from your account.
21 January 2012
Other expers also; please respond
22 January 2012
In my view you are squarely falling under Rule 5 pertains to reimbursable expenditure incurred by the service provider as a pure agent of his client. Moreover, there cannot be service tax on statutory levies and it is better to show such tax paid separately in your invoice.
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