Hi Sir, I have a doubt regarding Service tax. If the assessee want avail abatement at the prescribed percentage against service tax liability, can he show the service tax @ 10.3% on the bill raised for the service rendered to the service receiver ?
CA.Ganesh (Practicing Chartered Accountant) (308 Points)
12 January 2012Hi Sir, I have a doubt regarding Service tax. If the assessee want avail abatement at the prescribed percentage against service tax liability, can he show the service tax @ 10.3% on the bill raised for the service rendered to the service receiver ?
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 12 January 2012
Work out the abated value in the inner column, and show the rate of 10.3% .
CA.Ganesh
(Practicing Chartered Accountant)
(308 Points)
Replied 12 January 2012
For example,
Value of service provided 1,00,000
Service tax ( 100000* 75%)*10.3% 7,725
CA.Ganesh
(Practicing Chartered Accountant)
(308 Points)
Replied 12 January 2012
For example,
Value of service provided 1,00,000
Service tax ( 100000* 75%)*10.3% 7,725
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