Sir,
We are carrying on a C&F Business from May,2007 and we have not paid a single amount of servive tax.
Please advise as to what amount is to be paid and what is the rate and the penalty if any
arvind bazari (Student) (41 Points)
14 August 2008
Sir,
We are carrying on a C&F Business from May,2007 and we have not paid a single amount of servive tax.
Please advise as to what amount is to be paid and what is the rate and the penalty if any
Arun
(service)
(20 Points)
Replied 15 August 2008
fill ST1 form to apply for registration submit it with the jurisditional service tax authorities they will allot you STC code .Determine you Service tax laibility @ 12.36 % and pay the service tax with interest @ 13 % on your own under GAR7 challan in the bank. Question of penalty does not arise at this stage only late fee which is payable is Rs 2000+ Rs 2000 which is due to missing of deadline for filing ST 3 return for which was 25th oct 2007 for sept 2007 & March 2008 returns. Penalty if any may be imposed by adjudicating authority at later stage only on reciept of show cause notice by service tax authorities.
Arun
(service)
(20 Points)
Replied 15 August 2008
there an is exemption limit of Rs 8 lacs (commission )
arvind bazari
(Student)
(41 Points)
Replied 16 August 2008
We have service tax registration and we claim it from the company as well @ 12.36% on the bill value but we have not deposited a single ruppee till yet. the commission amount from may2007 to march 2008 is Rs 60 lakhs and above. The company when it pays me the amount it deducts TDS on it and gives me the balance amount
Please advise as to what is to be done.
i'll be highly grateful to you
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
