Valuation of Taxable Service
This query is : Resolved
10 October 2010
What will be the value of Taxable Service:-
1. Mr. X, a Professional provides service to a Company. He incurrs Rs. 10,000.00 towards Travelling Expenses, which has been paid by the Company.
Mr. X raises a Bill of Rs. 50,000.00 for his professional services.
On what amount should Mr. X charge Service Tax?
1. Mr. X, a Professional provides service to a Company. He incurrs Rs. 10,000.00 towards Travelling Expenses, which has been paid by the Company.
Mr. X raises a Bill of Rs. 50,000.00 for his professional services.
On what amount should Mr. X charge Service Tax?
10 October 2010
Pl refer rule 5(1) of the Service tax (Determination of Value) Rules,2006. Accordingly ST is to be levied on Rs.60,000.00.
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Gst on travel by air for business purposes
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Rent claimed on building given on permissive possession basis
- Taxability of credit in canara bank ET & T section (NRO)
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
CAclubindia
