How to show consultancy fee received (gross or net of st)?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2014
Dear Expert,
My client is providing technical consultancy services.
His total Consultancy fee is 45 lacs (net of Service tax),
Now tax audit is applicable,
whether i have to show consultancy fee amount at gross ( including service tax ) in income & expenditure A/c or net amount?
pls. reply
Thanks
My client is providing technical consultancy services.
His total Consultancy fee is 45 lacs (net of Service tax),
Now tax audit is applicable,
whether i have to show consultancy fee amount at gross ( including service tax ) in income & expenditure A/c or net amount?
pls. reply
Thanks
01 August 2014
Show net amount in ITR4 in
1(A)-Sales/ Gross receipts of business (net of returns and refunds and duty or tax, if any, Under (ii) Sale of Services
Then Show Service Tax amount in 1(B)Duties, taxes and cess, received or receivable, in respect of goods and services sold or supplied, under (ii) Service Tax.
Then again show service tax in -36 Rates and taxes, paid or payable to Government or any local body (excluding taxes on income)
under Service Tax.
1(A)-Sales/ Gross receipts of business (net of returns and refunds and duty or tax, if any, Under (ii) Sale of Services
Then Show Service Tax amount in 1(B)Duties, taxes and cess, received or receivable, in respect of goods and services sold or supplied, under (ii) Service Tax.
Then again show service tax in -36 Rates and taxes, paid or payable to Government or any local body (excluding taxes on income)
under Service Tax.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- NRI starting business in India
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
