provided service in 2004 fro Rs. 600000 and received in the same year.
received in 2004 of past service 200000(provided in 2002)
received in advance 400000 fro 2006.
what is the amount of service on which tax should be levied.
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Levy Of Tax
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service tax is a concept of payment basis. Your tax liability for the year 2004 is Rs. 12,00,000/- as per current provisions.
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