Menu
Valuation of taxable service for charging service tax
Valuation of taxable service is Gross amount amt charged by service provider.
Does this gross amt includes service tax also???
Plse reply
Replies (6)
Value of taxable service cannot include service tax portion. You need to reduce the ST component from the gross amount to arrive at the taxable service component.
Generally service Tax separately charged from the customers if you are not charging service Tax separately it means gross amount includes service Tax also.. You can segregate service Tax and taxable value and pay service Tax on taxable value
Valuation is to be done on the basis of gross amount charged for providing such service.ST is charged on the gross amount received and can not be part of the gross.
Frnds correct me if I am wrong but I think Gross amt charged to Service receiver will include ST also.....
And do reply
gross amount charged by service provider for the service only...not including service tax component
Yes. Gross amount charged to party is:
Service Value + Service Tax.
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
