Dear sir
we are running a mobile shop . along with we sale recharge coupons and easy recharge. as per kerala vat sale of recharge coupon is 0% i.e. exempted item.
whether we have to show sale of recharge coupon in sales tax or service tax. we have sale tax and service tax registration.
in accounts how to show this as sale of service or goods. kindly help me
As per my understanding the same is not to be shown under service tax, because you are distributors of the recharge coupons and you may get discounts on the same, which would act as trading profit rather than any service.
But if your shop has received any commission on the sale of Coupons then same would be charged under service tax and shown under Business auxilary services. Then same would be shown under service tax.
Hope it helps
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
