Prasanna Kumar (AFM) (103 Points)
21 May 2009Can any service provider, without having registered his firm/ company/ institution under Service Tax i.e. without having STP code, collect service tax @ 10.30%?
Thanks in Advance.
Kshitij Saxena
(CA Final)
(256 Points)
Replied 21 May 2009
If he is doing so it is illegal plus if he is over minimum limit he should get registerd or he might face severe consequences
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 22 May 2009
| Originally posted by :Prasanna Kumar | ||
| " |
Can any service provider, without having registered his firm/ company/ institution under Service Tax i.e. without having STP code, collect service tax @ 10.30%? The probalem could be that the client/ cusotmer may not get credit and you would have to send the registration certificate later for him to claim the same. |
" |
Satish
(CA Final Student)
(479 Points)
Replied 23 May 2009
If the service tax is collected by any person, whether registered or unregistered, It is mandatory to deposit such service tax to the credit of central govt.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 24 May 2009
Yes section 73a specifically p[rovides that such payments are tobe depoited with the revenue.
An alternative if not liable is to pay the same back to the cusomter and proof of the same retained.
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