SERVICES TAX ON ADVT INCENTIVE RECEIVED

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2010 R/SIR,

MY QUIRY IS INCENTIVE REEIVED ON SERVICES.
MY CLIENT IS ADVERTISEMENT AGENCIES. PUBLICATION GIVEN INCETIVE ON TOTAL BUSINESS FOR ACCOUNTING YEAR.
MY QUA. IS THIS AMOUNT LIBALE IS SERVICE TAX AND WHAT? PLZ. GIVE ME ANS.

THANKING YOU.

16 September 2010 Full amount of incentive is subject to discharge of service tax, as if the same is already included in the amount received.

Therefore roll back calc is required and accordingly s.tax is to be paid.


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