Payment and applicability of service tax

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..... Payment and applicability of service tax
Query (Issue) Started By: - the server Dated:- 10-3-2007 Last Reply Date:- 11-3-2007 Service Tax
Got 1 Reply
Service Tax
we have started the busin .....

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..... ess as an agent of hdfc bank from feb2006 and the first payment was received was on may 2006 so for the first quarter the turnover is 257641(april-june)i have just registered for the service tax.the t .....

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..... otal turnver is now 20 lacs,my question is that will i get the benefit of rs.4 lacsthat means i have to paythe service tax on the balance amount(20-4)=16lacs. so the first quarter service tax liabilit .....

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..... y does not arise,is that true some tax consultant has suggested please help Reply By Madhukar N Hiregange: The Reply: It maybe considered as abranded servcie and therefore not eligible for the 4 lakh .....

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..... s exemption. Since ST is an indirect tax you are assumed to pass on the burden to the main servcie provider i.e. HDFC.
Discussion Forum - Knowledge Sharing .....

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