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
CMA Ramesh Krishnan
(Expert)
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
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
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
