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Service Tax Liability

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(Querist)
25 November 2010 I entered into contract for maintenance of machines for Rs.25000/- per quarter. Penalty for deficiency in service is 1% of bill amount. If I receive Rs. 24750/-, my service tax wii be on Rs.24750/- (received amount) & not on Rs.25000
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 November 2010 On actual Received amount Rs.24750
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BALU V

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BALU V (Expert)
26 November 2010 Service Tax on the amount received
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Praveen Sharma

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Praveen Sharma (Expert)
26 November 2010 S. tax is paid on the amount received.
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Praveen Sharma

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Praveen Sharma (Expert)
26 November 2010 S. tax is paid on the amount received.

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