Service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2014
There is a party A who provides motor vehicle on rent,with whom a party named B had contracted for the supply of motor vehicle. In this contract, a clause is mentioned as "the prices will be inclusive of all charges including taxes" party a raises a bill of amount Rs.2109 to party b party a is availing abatement so party b will calculate service tax as 2109*40%*12.36%=104.269 now my question is which option is correct for payment to party A-
option 1
paid to Party A 2109-104.269=2004.731 and party B deposit Rs. 104.269 as st to gov.
option 2
paid to party A 2109 and
party B deposit Rs. 104.269 as st to gov.from his own
option 1
paid to Party A 2109-104.269=2004.731 and party B deposit Rs. 104.269 as st to gov.
option 2
paid to party A 2109 and
party B deposit Rs. 104.269 as st to gov.from his own
CA R SEETHARAMAN
(Expert)
01 September 2014
Option 1 is correct.
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