SERVICE TAX ON DISCOUNT.
This query is : Resolved
RAHUL LOHIYA
(Querist)
05 October 2010
please resolved the following query.
health check-up service is provided by the hospitals to the patients & employees on the behalf of Insurance Companies & employers of the big companies on which service tax is charged.
suppose an bill relating to this service is issued as follows.
health check up = 10000
service tax amt = 1030
total = 11030
Against this invoice, amt received by the hospital is Rs.10,500 after allowing a discount of 530 as an full & final payment.
My query is, whether the liability for service tax is Rs. 1030 or Rs 980 (considering inclusive Amt.)
health check-up service is provided by the hospitals to the patients & employees on the behalf of Insurance Companies & employers of the big companies on which service tax is charged.
suppose an bill relating to this service is issued as follows.
health check up = 10000
service tax amt = 1030
total = 11030
Against this invoice, amt received by the hospital is Rs.10,500 after allowing a discount of 530 as an full & final payment.
My query is, whether the liability for service tax is Rs. 1030 or Rs 980 (considering inclusive Amt.)
Shyam Lal Naik
(Expert)
05 October 2010
Rs. 980/- is correct.
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