07 October 2007
DEAR SIR/MADUM I AM MUTTU FROM BANGLORE I AUDITING THE AN GOVT ORGANISATION IN MARCH 2006 AN ADEVETISEMENT COMPANY HAS CHARGED THE SERVICE TAX @1.83%AND1.54%AS SERVICE TAX MENTIONING (AS GOVT ACT)BUT THEY HAVE NOT MENTIONED THE NOTIFICATION NO SO MY DOUGHTIS SERVICE TAX IN 2005-06 WAS ONLY 10.24% SO TELL ME WHY THEY HAVE CHARGED 1.53%AS SERVICE TAX INSTEAD 10.24%?
08 October 2007
THERE ARE THE FOLLOWING TWO KINDS OF TAXA BLE SERVICES FOR WHICH THERE ARE EXCLUSIONS FROM TAXABILITY AS GIVEN BELOW. UNLESS THE ADV. COMPANY FALLS UNDER PURVIEW OF THESE EXCLUSIONS, THEY SHALL NOT BE ABLE TO CHARGE LESSER OR NO SERVICE TAX AS WAS DONE.
CATEGORY EXCLUSION FROM SERV.TAX
1.ADVT.AGENCY :GOVT. AGENCY OR DEPT.DAVP 2.SALE OF ADVT.SPACE : SALE OF SPACE IN PRINT MEDIA,BROAD CASTING SERV.ETC... ALSO PL. NOTE THAT THE CENTRAL GOVT.MAY BY NOTIFICATION IN OFFICIAL GAGETTE EXEMPT GENERALLY OR SUBJECT TO SOME CONDITIONS, THE WHOLE OR ANY PART OF SERV. TAX (SEC.93) R.V.RAO
CAclubindia
