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St on what amount

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2013 Hello Sir,
Discount allowed on service bill is it deductible for service tax, i mean is service tax charged on net service bill
i.e Party's A/c Dr
To Sales Service
To S.T @ 12.36%

Discount A/c Dr
S.T @ 12.36%
To Party's A/c

Is this entry correct and then ultimately ST is on net bill.
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CA Parul Saxena online

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CA Parul Saxena online (Expert)
28 February 2013 yes service tax is to be levied on amount charged for providing the service.....
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2013 then ST on Bill - Discount i.e Net
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CA Parul Saxena online

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CA Parul Saxena online (Expert)
28 February 2013 yes on net amount

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