Please Help: Calculation of Service Tax
Posted Date : 06-Mar-2013 , 12:01:12 pm | Posted By: ANIL YADAV
Category :
Service Tax | Answers :
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Comments :
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Total turnover for the year 2011-12 was Rs. 30 Lac of rest-bar. abatement is 70 %. so it should be out of purview of service tax as taxable amount is less than 10Lac i.e. 30-21( 70% of 30) .
is it right...? |
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| Posted By : Saurabh Kaushik |
19-Mar-2013, 06:45:57 |
| abatement is given for less paying of Service tax not in turnover we normally do this because its mathematically cemes same ,,but in this case u r liable to pay Service Tax on 9 lakh @12.36 %,,,,,,u can also pay tax on 30 lakh @4.94% |
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| Posted By : CA Naveen Malik |
08-Mar-2013, 01:03:40 |
| na...
exemption is on taxable services of aggregate value and not on taxable value of aggregate services...
so, no reason for being happy... |
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