B.COM, ACA, DISA Namrata (None) (475 Points)
16 December 2013Hi All,
Our client (a builder) charges Rs 500 in case the cheques pertaining to his receipts bounces. However he does not charge service tax on the same. If we look at banks they do charge service tax on cheque bounce charge. Should we also advise our client to charge service tax on the same.
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 17 December 2013
Please refer to STVR,2006 rule 6.It will clear your doubt.
In my opinion, NO ST.
CAclubindia
