taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2009
whether the service tax liability lies on gross amount realised or net amount realised?
25 November 2009
It is levied on what is received by you and you can mark down the calculation. However, you will have to issue a credit note adjusting the value of your bill downwards and keep evidence of acknowledgment by service receiver of reduction in bill.
25 November 2009
agree
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