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SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
18 May 2010SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
18 May 2010
Rachit
(Analyst)
(913 Points)
Replied 18 May 2010
In case the transporter provides PAN then NIL TDS
Else 20% of Bill amount excluding Service tax paid/borne by us
CA Manikandan Raghunath
( )
(609 Points)
Replied 18 May 2010
The bill amount charged by the service provider and the (value of taxable service + service tax) will be the same..
This is because, in case of abatement, we will charge service tax on the value of taxable service excluding the abatement portion.
For example, if the value of taxable service is Rs.10,000 and the abatement is 75%, the gross bill amount will be Rs.10,257.5 (10,000 + (10,000*75%*10.3%)...
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)