Taxable value: sale of ticket on discount
This query is : Resolved
09 January 2017
Hi,
What will the Taxable value of Ticket sold on Discount:
For Eg: IPL Ticket Price: 5000
Discount: 500
Amount Received- 4500
Service Tax- ???
What will the Taxable value of Ticket sold on Discount:
For Eg: IPL Ticket Price: 5000
Discount: 500
Amount Received- 4500
Service Tax- ???
10 January 2017
Service tax is charged on services provided. So as per me there is no service in IPL tickets. So better not to charge Service tax. And there is a limit of turnover of 10L, above which u need to charge ST on the services.
10 January 2017
Hi,
Sir Service Tax is applicable on Tickets above Rs.500.
Sir Service Tax is applicable on Tickets above Rs.500.
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