Service tax. plz help

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Guest

For the year 2011-12 one logistic co. was charging ocean freight to its client higher than the amount actually paid as expense. now my ques is weather the service tax is applicable for that difference amount.

Eg:

Expense of actual ocean freight  Rs. 100

Freight Charge to the client Rs. 150

Difference Rs. 50

Now ques is weather service tax is applicable on Rs. 50?

reply with related provision mentioning here...

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On 10 July 2012 at 16:29 Report
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Corporate Taxation
392 Points Joined November 2009

higher than the amount actually paid as expense- meaning that you are not paying the extra 50

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On 10 July 2012 at 16:46
Guest

Ya dear... that is margin/service charge of that logistic co.

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On 10 July 2012 at 17:09
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Corporate Taxation
392 Points Joined November 2009

if it included in invoice than services tax will payle on gross

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On 10 July 2012 at 17:13
Guest

co. is raising the invoice for Rs. 150. then at  what amount service tax is leviable ( 50 or 150 ) and at what rate?

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On 10 July 2012 at 17:22
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Student...Hoping to pass Inter
892 Points Joined April 2009

Dear Sourabh

You have to pay service tax on Rs. 150/- as you are nota pure agent here.

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On 10 July 2012 at 19:56
Guest

Thanks Friends for giving ur Valuable time & reply

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On 11 July 2012 at 12:46

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