Q1. A resident welfare association received rs 1240000 towards electricity and water bill to be paid for the consumption of its members. it is not small service provider.Assuming tax rate @ 14.5%
how much to be paid regarding service tax?
Q.2 India mobiles Ltd. is engaged in telecommunication service.It raises invoice on 10th of every month for service rendered for previous month.For the month of december,2016 because of software failture the invoice was raised for november in january
point of taxation will be?
13 Replies
Alish
(student)
(350 Points)
Replied 03 June 2017
q.1) I think 1240000-1000000 = 240000 service tax on 240000 is rs 34800...
Alish
(student)
(350 Points)
Replied 03 June 2017
and q.2 pot month of November...because date of compltn of service or date of payment which ever is earlier...
Kajal Khetwani
(236 Points)
Replied 03 June 2017
in que 1
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
Kajal Khetwani
(236 Points)
Replied 03 June 2017
in que 1
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
in questions
options are:
a. 155000
b. 34800
c. nil since ita pure agent
d. 49300
and in que 2:
a. 30 nov being completion of service
b. 30 dec being 30 day after completion of service
c. date of receipt of payment
d.date of raising invoice
Alish
(student)
(350 Points)
Replied 03 June 2017
ab solutn ayega tab pata chal jayega....tax ka...after few days...
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