{"id":3759,"date":"2016-02-18T06:12:00","date_gmt":"2016-02-18T06:12:00","guid":{"rendered":"http:\/\/dwarkaparichay.com\/blog\/2016\/02\/ficcis-national-committee-on-transpor\/"},"modified":"2019-06-28T07:31:01","modified_gmt":"2019-06-28T02:01:01","slug":"ficcis-national-committee-on-transpor","status":"publish","type":"post","link":"https:\/\/dwarkaparichay.com\/blog\/ficcis-national-committee-on-transpor\/","title":{"rendered":"FICCI\u2019s National Committee on Transport Infrastructure"},"content":{"rendered":"
\n FICCI\u2019s National Committee on Infrastructure has urged the Hon\u2019ble Prime Minister Shri Narendra Modi ji to have a re-look at its service tax collection regime for Consulting Community and urged him to put the onus of depositing of service tax on the Client (Service Receiver) both government and Private sector.<\/p>\n
\n<\/p>\n\n\n\n\n
<\/td>\n<\/tr>\n
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\nMr K K Kapila, Co-Chairperson, <\/b><\/div>\n
\nFICCI Infra Committee<\/b><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nAt present as per a pernicious practice the consulting community, (service provider) who is not liable for payment of Service Tax (as being not the Employer OR the Service Receivers), are being coerced into payment of Service Tax on behalf of the Employer, whereas, their role is that of a mere collector of tax on behalf of the Government.<\/div>\n
\n
\u201cFICCI Infra Committee on various occasions has written to Union Minister of Finance but of no avail. Our request to the Hon\u2019ble Prime Minister is that the Service Tax payable by the Employer of consultant should be collected by Government directly from the Employer. At present the Consulting community continues to be made liable for payment of Service Tax on behalf of the Employer, even before the Consultants receive their remuneration from the Employer.\u201d Said Mr K K Kapila, Co-Chairperson, FICCI Infra Committee.<\/p>\n

\u201cIn case there is any difficulty in accepting our request for direct payment of Service Tax by the Service Receiver, FICCI urges the Hon\u2019ble Prime Minister to restore provision of paying Service Tax within 30 days after receipt of payment. The procedure currently adopted is that the Consulting community is made liable for payment of Service Tax within 30 days of raising an invoice with the Employer. The Employer who in most cases are Government Departments usually respond with payment after considerable delay ranging from 3 to 6 months. In the interim, the Consultant who is technically not liable for Service Tax is expected to make good the same within 30 days, irrespective of fact, whether he has received the payment or not.\u201dsaid MR. Kapila.<\/p>\n

\u201cAt present in case of delay in payment of Service Tax by the Consultants, he is further liable for penalties @ 18% for 1st six months, @ 24% for further six months and thereafter @ 30%. Further, such Service Tax payment is linked to the value of invoice, whereas actual payment by the Employer to the Consultant may in fact be less than the value of invoice raised.\u201d Added Mr Kapila.<\/p>\n

\u201cThe above procedure of collecting Service Tax has created immense cash flow difficulties for the Consultants on account of Service Tax, which in fact is not payable by them, as their role is merely that of a collector on behalf of the Government. We seek intervention of Hon\u2019ble Prime Minister with the Ministry of Finance to ensure that this longstanding demand of the Consulting community is addressed in the forthcoming Budget. Such a step will be a genuine step in ensuring the Ease of Doing Business in the country.\u201d Said Mr Kapila.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

 FICCI\u2019s National Committee on Infrastructure has urged the Hon\u2019ble Prime Minister Shri Narendra Modi ji to have a re-look at its service tax collection regime for Consulting Community and urged him to put the onus of depositing of service tax on the Client (Service Receiver) both government and Private sector. Mr K K Kapila, Co-Chairperson,  FICCI Infra Committee At present as per a pernicious practice the consulting community, (service provider) who is not liable for payment of Service Tax (as being not the Employer OR the Service Receivers), are being coerced into payment of Service Tax on behalf of the <\/p>\n","protected":false},"author":1,"featured_media":24529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8,166,1879],"class_list":["post-3759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-update","tag-news-events","tag-sports","tag-update","has_thumb"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/3759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=3759"}],"version-history":[{"count":2,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/3759\/revisions"}],"predecessor-version":[{"id":57937,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/3759\/revisions\/57937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media\/24529"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=3759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=3759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=3759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}