How much tax liability under ST> ?
This query is : Resolved
27 July 2010
Mr. A provide taxable service to MR. B for Rs. 1 lacs ( including ST.)
Mr. B give consideration like
1. 50000 in cash and a holiday trips to UK in other Rs. 50000
2. A car for consideration against Bill
3. Mr. B pays 90000 in full and final, does that means Mr. A is liable to pay service tax on RS. 1 lacs (9338) or on Rs. 90000{8404}, What necessary adjustment has to be made in the bill or a/c of Mr. b ?
Sirs,
please explain the 3 Situation point wise and complete
thanks in advANCE
Mr. A provide taxable service to MR. B for Rs. 1 lacs ( including ST.)
Mr. B give consideration like
1. 50000 in cash and a holiday trips to UK in other Rs. 50000
2. A car for consideration against Bill
3. Mr. B pays 90000 in full and final, does that means Mr. A is liable to pay service tax on RS. 1 lacs (9338) or on Rs. 90000{8404}, What necessary adjustment has to be made in the bill or a/c of Mr. b ?
Sirs,
please explain the 3 Situation point wise and complete
thanks in advANCE
03 August 2010
Point 1 & 2 you need to back calculate as gross and pay (100000/110.3*100) is service value and 10.3 is service tax
last 3 point service tax will be Rs.90000/110.3 x 10.3
last 3 point service tax will be Rs.90000/110.3 x 10.3
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