Very, very, very urgent

This query is : Resolved 

11 October 2011 SIR HOW ARE YOU
A PERSON IS ENGAED IN TARDING OF E RECHARGES VOUCHERS OF AIRCELL CO. WHEN HE PURCHASED GOODS FROM CO FOR Rs. 1000000 , AND COMANY RAISE INVOICE , IN INVOICE COMPANY CHARGED SERVICE TAX Rs. 1030000/- AFTER THIS THE PERSON RAISE BILL TO THE COMANY FOR COMMISSION AND GROSS AMOUNT OF BILL IS 300000/- AND CHARGED SERVICE TAX Rs. 30900/- WHAT IS THE SERVICE TAX LAIBIITY OF THE PERSON CONCERNED, PLEASE TELL ME IUN DETAIL BY WHICH I FILE SERVICE TAX RETURN AND PAY THE TAX ACCORDINGLY. please answer


11 October 2011 The Service tax on sales of e-recharge vouchers is to be paid by you. This can be set off against credit for service tax paid on purchase of e-recharges from Aircel.
Now you have to pay the service tax of Rs. 30,900/- to the Central Government for service tax so collected by you at the time of raising your commssion invoice.

11 October 2011 sir what is the treatement od rs 103000/- paid by dealer to the cOmapny. what is the net service tax liabity


12 October 2011 The service tax charged in the invoice must already be included in the price(Rs1000000) of recharge vouchers. Take cenvat credit of that(by the dealer).
Now when you(dealer) sell the vouchers you have to again pay the service tax on sale of vouchers. Use the above cenvat credit against service tax liability arising on sale of vouchers!



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries