Studyhatch Forum -Service tax

We ensure that the quality of answers will resolve your problem.


Whether the payment of Service Tax is to be made for the billed amount or for the value received?
Solution

The Service Tax for a particular period is payable on the amount/value of taxable service received during that period and not on the gross amount billed to the client. If the charges for the taxable service have been received in advance prior to rendering of the services, the Service Tax is payable even if the services are yet to be provided by them

leave us a comment :-

~~ PLEASE LOGIN TO "COMMENT" ~~

Feedback