Q1. A resident welfare association received rs 1240000 towards electricity and water bill to be paid for the consumption of its members. it is not small service provider.Assuming tax rate @ 14.5%
how much to be paid regarding service tax?
Q.2 India mobiles Ltd. is engaged in telecommunication service.It raises invoice on 10th of every month for service rendered for previous month.For the month of december,2016 because of software failture the invoice was raised for november in january
point of taxation will be?
service tax
Replies (13)
q.1) I think 1240000-1000000 = 240000 service tax on 240000 is rs 34800...
and q.2 pot month of November...because date of compltn of service or date of payment which ever is earlier...
isnt this agent relation?
don't think so...but not sure...
tu bhi right ho skti he...:)
- If the bills are in name of the members, then there is 'pure agent' relationship and service tax won't apply.
- POT: 10th December, as it is a continuous supply of service and POT will be as per agreement.
ohhh....thnk u :) for clearing doubt...
in que 1
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
in que 1
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
ab solutn ayega tab pata chal jayega....tax ka...after few days...
bt i want to know
wait for few dys...u will know it...
wese bhi paper to gaya ab kya tensn lena...
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