Deposition of service tax, Service Tax

[MAHESH NANDWANI]

d/sir one of my clients, who is an association of persons, has taken some sheds on rent which are given to its members for use. Pl Confirm, whether In this case, net balance of service tax paid and collected will be depostied to the deptt. thanks

Posts / Replies

[Surender Gupta]

Yes, differential amount i.e. service tax minus cenvat credit is to be deposited.

[sudhir V S]

Service tax collected from the customer has to be deducted with the service tax paid to the owner and the balance has to be paid in TR-6/GAR-7 within the duedate.