At what rate service tax is to be charged on money received as cancellation charges,if the service provider paying ST on abatement basis.For Eg: if it is a tour operator providing package tour levied tax (25%*10.3%)(F Y 2010-11)) ie 75% of value is not taxable.Suppose money received 100000 and by the fault of customer ,tour was cancelled,so the tour operator deducted 50000 as cancellation charges. then what is the amount of service tax to be paid to the credit of Govt.
Menu
Service rates on cancellation charges
Replies (3)
I think it is 60% batement and on balance 40% pay ST @ 10.3%, what u think
tell me the rates of services tax
sir
which rate you looking for .On tour operators service , other services can claim 60% abatement and pay Service tax on 40%of amount service if they claiming for abatement. I want to know whether cancellation charges are coming under this category or not. Now i think it is not
Recent Threads
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
- How to paid income tax in block return in itrb
- RCM Applicable for Man Power Supply (URD) to Regis
- Guidance Required for CA Final Group 2
- Income tax challan in block itrb
- CREDIT NOTE RECEIVED AGAINST REVERSAL OF ITC ON EA
Related Threads
CAclubindia
