Need A Financial Product › Forums › Tax Savings › Who is liable to pay the Service Tax?

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  • September 14, 2014 at 7:05 pm #47392
    samkapoor77
    Keymaster

    Who is liable to pay the Service Tax?

    September 16, 2014 at 10:12 am #47393
    samkapoor77
    Keymaster

    The individual who provides the taxable service on receipt of service charges is the one responsible for paying the service tax to the Government (Section 68 (1) of the Act). In some cases, the receiver of the services is also responsible for payment of service tax, such as, when services which are taxable are provided by Foreign Service providers which do not have establishment in India. In case of insurance auxiliary service by an insurance agent, the service tax has to be paid by the Insurance Company.

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