14 November 2008
Whether company can charge service tax on the amount of stamp duty included in invoice? e.g. Basic Freight Rs. 10,000 Insurance Rs. 2,000 Stamp Duty paid to Govt (Based on Basic Freight) Rs. 1,000 Sub Total Rs. 13,000 Add : Service Tax Rs. 1,607 Total Rs. 14,607
17 November 2008
Stamp duty is a form of tax that is levied on documents. Historically, a physical stamp (a tax stamp) had to be attached to or impressed upon the document to denote that stamp duty had been paid before the document became legally effective. More modern versions of the tax no longer require a physical stamp.
17 November 2008
Rule 5(2) provides that the expenditure or cost incurred by the service provider as a pure agent of the recipient of service will be excluded from the value of taxable service.
CAclubindia
