26 December 2013
For Example: As a pvt Ltd. company or partnership firm receiving sevice from hotels (bill in the name of bussiness entity)& hotel charges sevice tax 4.944% (i.e. 40% of 12.36% no VAT product).. the question is as a service receiver, is the business entity is liable to pay service tax @ 7.416% under service receiver category??? bcoz for the same deduction as expenses are claimed by business entity & Purely for business purpose..
CAclubindia
