Valuation
This query is : Resolved
13 January 2017
Dear Sir ,
We are running the franchisee of a famous Gym Co. The Gym Company has provided us some coupon to be distributed to the members of the Gym . We Pay service tax on membership fees we received from members.
Now my question is whether the value of cash coupon to be deducted from the membership fees we received from members for calculating Service tax ?
Pls do provide the reference of related rule .
urgent
We are running the franchisee of a famous Gym Co. The Gym Company has provided us some coupon to be distributed to the members of the Gym . We Pay service tax on membership fees we received from members.
Now my question is whether the value of cash coupon to be deducted from the membership fees we received from members for calculating Service tax ?
Pls do provide the reference of related rule .
urgent
14 January 2017
The fee which you are receiving from the members is chargeable to tax. If the money against the coupon is also reimbursed to you by the Company than same also shall be chargeable to Service tax
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
