Service Tax
This query is : Resolved
09 September 2009
Hi Experts,
My client is providing Business Auxiliary services. Invioce is raised in Dollars. Say Invoice of 100$ (including service tax) & rate at the time of raising invoice was Rs.45.00, so my Ivoice amount would be Rs.4500.00 (including service tax), but while the bill is realised it is realised @ rate 44.00. So we have received only Rs.4400.00, n Rs.100 is my foreign fluctuation. We pay service tax on realisation basis. so m i liable to pay service tax on Rs.4400.00 or Rs.4500.00??? M i liable to pay service tax on foreign fluctuation also??
My client is providing Business Auxiliary services. Invioce is raised in Dollars. Say Invoice of 100$ (including service tax) & rate at the time of raising invoice was Rs.45.00, so my Ivoice amount would be Rs.4500.00 (including service tax), but while the bill is realised it is realised @ rate 44.00. So we have received only Rs.4400.00, n Rs.100 is my foreign fluctuation. We pay service tax on realisation basis. so m i liable to pay service tax on Rs.4400.00 or Rs.4500.00??? M i liable to pay service tax on foreign fluctuation also??
CA CHINTAN AJMERA
(Expert)
09 September 2009
No, u r liable for pay service tax on Rs. 4500 means Bill amt., not realised amt.
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