What is rate of services tas should be charges on advertising agencies. Second he charge services tax to party 8%. (on profit of margin 15%) b’coz publication given advertisement agencies 15% margin on bill.
For example.
Bill Amount Rs. (To Party) 10000 given Discount to party 7% (out of 15%) 700 After Dis. 9300 (profit of Margin 15% Rs.1395) Services Tax 8% 111.6 117
Total Bill Amount Rs. 9417
(Profit of Margin 15% Less discount 7% Balance Margin 8%) This is possible.
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