Query - Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2010
Mr.A started his business 01/04/2008(Advertising Agency(Sub)
F.Y.2009-2010 Gross Receipt 5,24,000.00
Mr.A is not applicable in Service Tax.
Sundry Debtors 1,10,000.00 as on 31-03-2009.(Mr.A not collected service tax dt.31-03-2009). Mr.A applied Service Tax dated 01-04-2009. As per rule Service Tax calculate on receipt basis. April'09 to June'09, Gross Receipt 3,24,000.00 (Opening Debtors Gross Receipt 1,10,000.00 included) So,
How to Calculate Service Tax ?
Mr.A will pay service tax 1,10,000.00 This figure is last year.
Please guide me .
If you possible, Please give me Calculating service tax with example.
F.Y.2009-2010 Gross Receipt 5,24,000.00
Mr.A is not applicable in Service Tax.
Sundry Debtors 1,10,000.00 as on 31-03-2009.(Mr.A not collected service tax dt.31-03-2009). Mr.A applied Service Tax dated 01-04-2009. As per rule Service Tax calculate on receipt basis. April'09 to June'09, Gross Receipt 3,24,000.00 (Opening Debtors Gross Receipt 1,10,000.00 included) So,
How to Calculate Service Tax ?
Mr.A will pay service tax 1,10,000.00 This figure is last year.
Please guide me .
If you possible, Please give me Calculating service tax with example.
01 October 2010
??????
How can Mr. A have debtors on 01.04.09 when he started his business on that date
How can Mr. A have debtors on 01.04.09 when he started his business on that date
CA Gunjan H Shah
(Expert)
06 October 2010
No need to pay ST on 110000
Pay ST only on 3,24,000 - 1,10,000
= on 214000 at appropriate rate.
Pay ST only on 3,24,000 - 1,10,000
= on 214000 at appropriate rate.
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