Service tax - gross amount or net amount

This query is : Resolved 

11 January 2017

Is the exemption limit of Rs.10 lacs applicable from gross amount of bill raised or net taxable services after abatement.

For example: If a contractor raises a bill of Rs.30 lacs in a year on account of construction of building. Is he liable to pay service tax as the taxable service is Rs.9 lacs (i.e 30 lacs - 70% abatement). He doesn't have any other receipt for the financial year.

N Jain (Expert)
11 January 2017

It is after abetment

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

close x
Download GST App    |    x