Service Tax on 'Amount of Discount'
This query is : Resolved
05 November 2008
Hi Experts,
If a Vendor raised a bill for a perticular service Bill amt. is Rs. 5000/- & given discount 35% on Rs:5000/- Then Amount(5000-35%)= 3250/-
Pls Tell me that on which amount Service tax will be liable.? Either on Rs:5000/- or after diduction of Discount i.e. Rs;3250/-
Thanks,
Vijay
If a Vendor raised a bill for a perticular service Bill amt. is Rs. 5000/- & given discount 35% on Rs:5000/- Then Amount(5000-35%)= 3250/-
Pls Tell me that on which amount Service tax will be liable.? Either on Rs:5000/- or after diduction of Discount i.e. Rs;3250/-
Thanks,
Vijay
05 November 2008
Why should he bill that way instead of billing at the net amount?
05 November 2008
SERVICE TAX IS PAID WHEN THE AMOUNT IS RECD........SINCE YOU WILL RECEIVE NET AMOUNT ....YOU CAN PAY SERVICE TAX ON NET AMOUNT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Is any professional CA is here please reply
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
