Service tax on reimbursement of salary employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2016
At present One Employees on our salary roll and salary expenses reimbursement of A Company. We have issue Debit Note along with Service tax on Salary Amount.
Now A company ask Pl. clarify in relation to Service Tax.
I, therefore request you any reimbursement ( Other Than Gov) cover under Service Tax or Not. If yes Pl. provide details like Notification etc
Thanks & Regards
L.D.Dharmadhikari
At present One Employees on our salary roll and salary expenses reimbursement of A Company. We have issue Debit Note along with Service tax on Salary Amount.
Now A company ask Pl. clarify in relation to Service Tax.
I, therefore request you any reimbursement ( Other Than Gov) cover under Service Tax or Not. If yes Pl. provide details like Notification etc
Thanks & Regards
L.D.Dharmadhikari
Suresh Ramaswamy
(Expert)
05 February 2016
The Finance Act 2015 (Budget) has amended section 67 of the Finance Act 1994. Section 67 lays down the method of valuation of services. With effect from 1st April 2015, consideration for services rendered would include all reimbursement of expenses. There is no separate notification or circular as the taxability is included in the charging section itself.
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