Service Tax Liability
This query is : Resolved
25 November 2010
I entered into contract for maintenance of machines for Rs.25000/- per quarter. Penalty for deficiency in service is 1% of bill amount. If I receive Rs. 24750/-, my service tax wii be on Rs.24750/- (received amount) & not on Rs.25000
25 November 2010
On actual Received amount Rs.24750
26 November 2010
S. tax is paid on the amount received.
26 November 2010
S. tax is paid on the amount received.
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