Service tax return

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uday singh Negi (Querist)
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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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

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