26 October 2015
hello experts, we have a parking management firm. we have different contracts with malls for collection of parking charges and we pay a monthly rent to the malls. my query is if my total cash collection is X per month then the service tax to be paid on the total collection X will be (X-(X/1.14)) now when we talk about company turnover and taxable income which amount is to be considered i.e X-service tax or Whole X