Taxable value: sale of ticket on discount
This query is : Resolved
Yash Mehta
(Querist)
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- ???
Sandeep Dharar
(Expert)
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.
Yash Mehta
(Querist)
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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