I received Rs 10,00,000.00 for service provided and also received Rs 1,23,600.00 as service tax.Thus in total I received Rs 11,23,600/- In this case what will be my turnover? Rs 10,00,000/- OR Rs11,23,600.00.
J T Mahavar (Consultant) (97 Points)
09 April 2014I received Rs 10,00,000.00 for service provided and also received Rs 1,23,600.00 as service tax.Thus in total I received Rs 11,23,600/- In this case what will be my turnover? Rs 10,00,000/- OR Rs11,23,600.00.
DINU SUKUMAR
(Audit Manager)
(176 Points)
Replied 11 April 2014
Hiii,
Your turnover is service charge received for services provided ie. 10 lacs. Balance amount is service tax and is not an income of you. Regards
CAclubindia
