Service charge
This query is : Resolved
19 June 2013
DEAR SIR
WHAT IS THE DIFFERENCE BETWEEN SERVICE TAX AND SERVICE CHARGES AND WHAT RATES SHOULD BE APPLIED AS SERVICE CHARGES.
WHAT IS THE DIFFERENCE BETWEEN SERVICE TAX AND SERVICE CHARGES AND WHAT RATES SHOULD BE APPLIED AS SERVICE CHARGES.
19 June 2013
1)service charge: is nothing but his fee/charges for performing service.here person who charges it is income to him he will not deposit this amount to government.rate is determined by service provider only.
2)service tax : is tax on taxable services which is specified in finance act as per rates prescribed which is currently(12.36%).here person who charges service tax collects service tax from service receiver and the same will be deposited to government..
Thanks & regards
Ganesh babu k
2)service tax : is tax on taxable services which is specified in finance act as per rates prescribed which is currently(12.36%).here person who charges service tax collects service tax from service receiver and the same will be deposited to government..
Thanks & regards
Ganesh babu k
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