Service tax - gross amount or net amount

This query is : Resolved 
 

(Querist)
11 January 2017

Is the exemption limit of Rs.10 lacs applicable from gross amount of bill raised or net taxable services after abatement.

For example: If a contractor raises a bill of Rs.30 lacs in a year on account of construction of building. Is he liable to pay service tax as the taxable service is Rs.9 lacs (i.e 30 lacs - 70% abatement). He doesn't have any other receipt for the financial year.


Mrs. N Jain (Expert)
11 January 2017

It is after abetment



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
  SHARE THIS