Turnover Incentive Service Tax -Regarding
This query is : Resolved
15 February 2009
I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?
Please replay me as soon as possible
Please replay me as soon as possible
19 April 2009
Your enquiry and the transaction is not clear.
But a fair reading tells us that you are enquiring regarding the applicability of service tax on TOD.
Since you are an individual, and your income from the taxable service is below the threshold limit of 10 lacs ( it is assumed that you have not had any other income from any other taxable services provided by you) no service tax is payable by you on the said receipts.
But a fair reading tells us that you are enquiring regarding the applicability of service tax on TOD.
Since you are an individual, and your income from the taxable service is below the threshold limit of 10 lacs ( it is assumed that you have not had any other income from any other taxable services provided by you) no service tax is payable by you on the said receipts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- TDS on TRUST
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
