What amount Service Tax Charged on Advertise Agency
This query is : Resolved
bhavin shah
(Querist)
18 June 2010
Dear Sir,
My own Advertise Agency in Gujarat. I Collect advertise from my client(s) and this advertisement give to Local NewsPaper.
My question is that At what amount service tax charged?
E.g. For one advertise Rs. 8000 Rate charged by Local NewsPaper to our agency & Our agency charge 10000 Rs. Rate to Customer. At same time some Discount given to customer (depend on customer discount given) say rs. 500. In our bill Service Tax charged on Rs. 10,000 or Rs. 9500(after Discount).
Earlier our Practice to charged service tax on Rs.9500 but after Service Tax Department Assessment, Department said that We have charged service tax on Gross amount Say Rs. 10,000. Is it true?
Reply on this above said issue by Expert is service tax charged on gross amount but i give discount to all my client depends on size of advertisement.
Can i give to my client credit note, so, that i have liability on net amount which collected from my client.
Regards,
Bhavin Shah
My own Advertise Agency in Gujarat. I Collect advertise from my client(s) and this advertisement give to Local NewsPaper.
My question is that At what amount service tax charged?
E.g. For one advertise Rs. 8000 Rate charged by Local NewsPaper to our agency & Our agency charge 10000 Rs. Rate to Customer. At same time some Discount given to customer (depend on customer discount given) say rs. 500. In our bill Service Tax charged on Rs. 10,000 or Rs. 9500(after Discount).
Earlier our Practice to charged service tax on Rs.9500 but after Service Tax Department Assessment, Department said that We have charged service tax on Gross amount Say Rs. 10,000. Is it true?
Reply on this above said issue by Expert is service tax charged on gross amount but i give discount to all my client depends on size of advertisement.
Can i give to my client credit note, so, that i have liability on net amount which collected from my client.
Regards,
Bhavin Shah
CA Ashok Kumar Sahu
(Expert)
19 June 2010
YES, SERVICE TAX IS CHARGEABLE ON GROSS BILL AMT.
CMA Arif Farooqui
(Expert)
27 June 2010
on gross bill amount
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- 18% Rent a cab
- Rectification under processing even after 6 months cpc portal
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
