Valuation of taxable service
This query is : Resolved
05 September 2008
A enters into Marketing agreement with B. According to agreement A will pay 5 % on sale value. However, if any discount passed by B that shall be on account of B only. B sold the goods at Rs. 100 and give discount of Rs. 2 to ultimate customer. According to agreement, A raise invoice of Rs. 98 to customer. B raises the bill of Rs. 3 to A. Now question is that whether service tax is liable on Rs. 5 or Rs. 3
01 October 2008
On Rs.3 because invoce was raised on Rs.98
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