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Service Tax on 'Amount of Discount'

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(Querist)
05 November 2008 Hi Experts,

If a Vendor raised a bill for a perticular service Bill amt. is Rs. 5000/- & given discount 35% on Rs:5000/- Then Amount(5000-35%)= 3250/-

Pls Tell me that on which amount Service tax will be liable.? Either on Rs:5000/- or after diduction of Discount i.e. Rs;3250/-

Thanks,
Vijay
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
05 November 2008 Why should he bill that way instead of billing at the net amount?
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
05 November 2008 SERVICE TAX IS PAID WHEN THE AMOUNT IS RECD........SINCE YOU WILL RECEIVE NET AMOUNT ....YOU CAN PAY SERVICE TAX ON NET AMOUNT
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