08 June 2017
Budget 2015 has amended section 67 to include reimbursement of expenses in the value of taxable service.
Extract of budget 2015 speech regarding above change:
109. In section 67 of the 1994 Act, in the Explanation, for clause (a), the following clause shall be amended:
‘(a) consideration will include
the amount that is payable for the taxable services provided or which is likely to be provided any reimbursable expenditure or cost incurred by the service provider and charged, in the course of providing or agreeing to provide a taxable service, except in such circumstances, and subject to such prescribed conditions any amount retained by the lottery distributor or selling agent from gross sale amount of lottery ticket in addition to the fee or commission or the discount received, that is to say, the difference in the face value of lottery ticket and the price at which the distributor or selling agent gets such ticket.’.
You can read budget speech from this link.- budget 2015 pdf.
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