If a service provider( a foreign firm) raises his bill without sevice tax elelement and TDS element (as per the supply agreement all taxes are to be paid by the service receiver). The service receiver(indian company) did not deposit the taxes from their side .( the payment of the invoice was done before July 2012) . Now if the service receiver wants to make the payment ,will the penality and interest to be born ? Can he avail the avail the amnesty scheme as declared by the Finance bill 2013 ? what are the procedure to avail the scheme?
2 Replies
CA Manish Pawan
(Practicing Chartered Accountant)
(134 Points)
Replied 19 March 2013
I dont know abt the new scheme thrown in budget 2013. As far as making payment of service tax is concerned the assesse can make payment including interest @ 18% p.a. but no penalty is to be paid provided department has not issued any Show Cause Notification for demand of service tax to the assessee.
Sunil
(Trader)
(2611 Points)
Replied 19 March 2013
Only after budget receives the assent of the President. Half the tax to be paid before the December 31st and half in within 6 or 9 months. You cannot claim credit or refunds against this.
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