04 October 2010
Mr.A started his business 01/04/2008(Advertising Agency(Sub) F.Y.2009-2010 Gross Receipt 5,24,000.00 Mr.A is not applicable in Service Tax. Sundry Debtors 1,10,000.00 as on 31-03-2009.(Mr.A not collected service tax dt.31-03-2009). Mr.A applied Service Tax dated 01-04-2009. As per rule Service Tax calculate on receipt basis. April'09 to June'09, Gross Receipt 3,24,000.00 (Opening Debtors Gross Receipt 1,10,000.00 included) So, How to Calculate Service Tax ? Mr.A will pay service tax 1,10,000.00 This figure is last year.
Please guide me . If you possible, Please give me Calculating service tax with example.
CAclubindia
