Only for those who are pursuing for exams(CA/CS/CSWA)

yes.......

invoice is made of rs 5000.00 calculate service tax in above case....

dasso ji......

It will be treated s including service tax. So tax amount will be

(5000*10.3)/110.3 = 466.90

@ ashish : correct

by the way......

as per section section 68 of finance act...if a service is taxable...then the service provider has to pay service tax whether he has collected it from client or not......

you are asking this or telling this

of course......asking.....

earlier tax was payable only at the time of receipt but there is a change from 1 april 2011. Now it is payable at the time of raising the invoice or receving the payment whichever is earlier.

Readl notification no 18/2011 dated 1-3-2011

i was not aware of that .....thanx for updating......earlier the tax was payble on amount recieved......