liability computation
This query is : Resolved
24 August 2009
How to calculate service tax liability when there is partial receipt of sales amount?
HARISH KAPOOR
(Expert)
24 August 2009
Since service tax is to be paid on realisation basis, it has to be deposited on reverse calculation i.e. if we receive Rs100/ out of this Rs 91/ will be treated the value of service and Rs 9/ will be treated as Service Tax i.e. 10%
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