Service Tax on Prepaid phone recharge business
This query is : Resolved
04 August 2009
Dear Friends is recharging of prepaid mobile phones taxable service?
Can any body give any notification(s)regarding determination of taxable value.
1. I am having doubt, because anyway the cellular phone company collects the service tax on the recharge value. So whether the person running a recharge center is liable to collect service tax?
2. In case the recharge center is liable to collect service tax, Is only the margin earned subject to service tax or is the entire recharge amount to be subject to service tax again?
Dear friends please give your expert advise on this matter.
Thanks in advance
Can any body give any notification(s)regarding determination of taxable value.
1. I am having doubt, because anyway the cellular phone company collects the service tax on the recharge value. So whether the person running a recharge center is liable to collect service tax?
2. In case the recharge center is liable to collect service tax, Is only the margin earned subject to service tax or is the entire recharge amount to be subject to service tax again?
Dear friends please give your expert advise on this matter.
Thanks in advance
05 August 2009
Where you buy and sell currency and make a profit in between there is no ST at all.
Where you purchase at face value and then are given a commission that wouldbe liable.
Where you purchase at face value and then are given a commission that wouldbe liable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
