TMI BlogTaxability on Internet Telephony serviceX X X X Extracts X X X X X X X X Extracts X X X X ..... A company has collected service tax on Internet Telephony for all these years and has now come to know that service tax is applicable on this service only from 1st May 06. Now, a part of the amount co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llected has not yet been deposited. 1) Should this amount be refunded to the customers or paid to the Service Tax Deptt. 2) As service tax is deposited on collection basis, for the debtors still outst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anding, should the service tax portion be collected at all or can revised invoices be raised, nett of service tax, even for prior years? - Reply By Surender Gupta - The Reply = For the amount not dep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osited with the department, you have both the options either to deposit or refund to the customers. However, in the present case, to avoide the litigations in future in respect of proportionate value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of services, you are advised that instead of refund to the customers, deposit the same with the revenue. - Taxability on Internet Telephony service - Query Started By: - Swagata Dated:- 28-4-2006 Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vice Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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