Q.1 A mega exemption notification which covered a service was removed
thus became taxable from 1-3-2016.
one service provider rendered the service on 20-02-2016 and received payment on 27-02-2016
the invoice was however raised on 18-03-2016
the value of service is rs 100000 and the tax rate is 14.5%
tax liability??
Q.2 Jai hanuman Ltd. engaged in service of repair and maintenance of generators has service tax collections (output) of rs 200000
during the period if excise duty on machineries acquired rs 50000 and service tax (input) rs 20000
the tax liability?
service tax 2
Replies (3)
- It is the case of 'change in effective rate of service tax'. POT is 'date of receipt', 27 Feb.
- Tax liability: 2 lac - (50% of 50,000, balance in next year) - 20,000.
mr manish
options of que 1 are
a. nil as service rendered before it became taxable
b. nil since service was rendered and invoice was raised before taxability
c. taxable since invoice was raised after 14 days rs 14500
d. not taxable as amt received before taxability
and options of que 2 are
a. 2 lakh
b. 180000
c. 150000
d. 130000
options of que 1 are
a. nil as service rendered before it became taxable
b. nil since service was rendered and invoice was raised before taxability
c. taxable since invoice was raised after 14 days rs 14500
d. not taxable as amt received before taxability
and options of que 2 are
a. 2 lakh
b. 180000
c. 150000
d. 130000
mr manish
options of que 1 are
a. nil as service rendered before it became taxable
b. nil since service was rendered and invoice was raised before taxability
c. taxable since invoice was raised after 14 days rs 14500
d. not taxable as amt received before taxability
and options of que 2 are
a. 2 lakh
b. 180000
c. 150000
d. 130000
options of que 1 are
a. nil as service rendered before it became taxable
b. nil since service was rendered and invoice was raised before taxability
c. taxable since invoice was raised after 14 days rs 14500
d. not taxable as amt received before taxability
and options of que 2 are
a. 2 lakh
b. 180000
c. 150000
d. 130000
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