Industry & Economy
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Taxation
Penalty notice for service tax defaulters
Our Bureau
New Delhi
,
Nov. 30
THE Finance Ministry said that it has given instructions to central excise and service tax commissioners for issuing notices to service providers rendering taxable services relating to marriages and not paying service tax on the full value of services charged by them from their customers.
An official release said that the central excise and service tax officers have been directed to keep strict vigil on the service providers who are rendering taxable services during the busy marriage season.
Service providers such as mandap keepers, pandal & shamiana keepers, outdoor caterers, photographers, video recording services, beauty parlours, travel agents, tour operators and rent-a-cab operators are now under the lens of the Finance Ministry. These service providers are required to collect service tax at the rate of 10 per cent and education cess at the rate of 2 per cent from their customers and deposit the same in the bank.
These service providers have been warned that if they do not collect due service tax from their customers and deposit the same, they are liable to penal action.
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