23 May 2016
Dear Sir, We have to pay Service Tax on composite scheme under S.tax availing abatement. How to calculate the tax...? Any circular or notification...? Kindly give me suggestion for the S.tax on Restaurant. Which book is best to refer for practical aspects...?
23 May 2016
Please refer Rule 2C of Service Tax (Determination of Value) Rules, 2006. Service tax liability on 40% of value of services in case of restaurants. For abatement provisions refer Notification No. 26/2012- Service Tax.
CAclubindia
