Service tax return
This query is : Resolved
17 October 2012
In service tax return there is one point
1)C) money equivalent of consideration is received in form other than money
what is the meaning of this point pls clarify with example
1)C) money equivalent of consideration is received in form other than money
what is the meaning of this point pls clarify with example
17 October 2012
Let us suppose that you rendered a service to a person. You raise an invoice for Rs. 15,000.
The person does not pay the amount in cash but gives you his Nokia mobile worth Rs. 15,000.
The consideration for service has been received in a form other than money.
The money equivalent of this consideration shall be Rs. 15,000.
The person does not pay the amount in cash but gives you his Nokia mobile worth Rs. 15,000.
The consideration for service has been received in a form other than money.
The money equivalent of this consideration shall be Rs. 15,000.
Message likes :
1 times
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- ITR 44AD SECTION
- DUE DATE FOR ITR FILING
- Error in uploading Form 10BD
- Missed TDS
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
