Calculation of service tax
This query is : Resolved
04 January 2013
whether the limit of 10,00,000 is to be considered after providing abatement or on the total amt charged in bills.
eg-in case of restaurant services
gross amt=3000000
abatement=70%
option 1>after providing abatement taxable amt comes to 900000 which is less than 1000000.thus nothing is taxable.
option2>if we consider 30,00,000 then since it is above 10,00,000 then it becomes taxable.
eg-in case of restaurant services
gross amt=3000000
abatement=70%
option 1>after providing abatement taxable amt comes to 900000 which is less than 1000000.thus nothing is taxable.
option2>if we consider 30,00,000 then since it is above 10,00,000 then it becomes taxable.
06 January 2013
It is net of abatement.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ADVANCE PAYMENT OF ADVOCATE
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- DIN reactivation
- Condonation . E-Verification of last year return .
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
