29 July 2009
I want get clear that service tax is payable on which amount is it gross amount or net amount after deduction of any kind of loss to the transporter
Example :- Transporter A Billed Rs 1000 freight to Company B and aftre taking delivery of goods it found that some goods damage we paid transporter Rs950 after deducting the Rs 50 for damage hence the tax payable on rs 1000 or Rs 50 and what the percentage. if it is on Rs 950 than for Service tax audit purpose what are the documents we have to maintain.