How the rate of ST is falling 1.8% for adv agencies
This query is : Resolved
GANAPATHY.R
(Querist)
06 September 2010
Sir,
Any one can clarify my query.
Normally the rate service tax is 10.3%. But the advertisement agencies charging 1.8 plus EC 3%, how it is working. Please give any one clarification for this. IS there any abatement portion in this.
Any one can clarify my query.
Normally the rate service tax is 10.3%. But the advertisement agencies charging 1.8 plus EC 3%, how it is working. Please give any one clarification for this. IS there any abatement portion in this.
07 September 2010
Service tax is applicable on any advertisement's bill is only 15% of bill amount. because agency is acting as a sub contractor and he is collecting money along with margin which is not more than 15%. There for ST is applicable on only 15% of bill amount.
Regards
Pragnesh
Regards
Pragnesh
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