Service Tax

Queries 692 views 5 replies

FOR LAST MONTH MY TOTAL COLLECTION  IS 250000/-

AND MY GROSS SALES IS 2500000/- (INCLUDING SERVICE TAX )

 

ON WHAT AMTOUNT I HAVE TO PAY THE TAX  TO GOVERNMENT

 

 

Replies (5)

hi sumit,

    you have to pay on the amount collected.i.e)rs.250000/-

Dear Sumit

The act is not specific on the matter of payment of service tax. Someone is of the opinion that firstly you should have to clear the Govt dues. But the best way is to make the payment iof service tax proportionately on the amount of payment received.

So pay service tax on Rs 250000/-

 

 

Sumit

you have to pay service tax on amount collect.

What is the service. If you are a trader then there is no liability under ST.

I agree with Mr. Madhukar.. You are liable to pay the Service tax only on the amount received for the Taxable Services..

There will ne no liability of Service Tax on Sales


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