Jay Prakash Mishra (Article Assistant) (84 Points)
21 July 2012Tax Consultant takes Tax amount in cash/ Cheque and the same is deposited in Tax Consultant account and for that per transaction Rs 50/- charged from the client ?
From the above Question me want to know that -
a) The amount taken on behalf of the client (ie the Tax amount ) should it should come under Turnover?
b) Rs. 50/- charge for providing service can we book as income in accounts?
c) If rs 50/- charge for providing service so, Service Tax provision ia applicable or not ?
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 22 July 2012
a) Yes it shuld be taken as gross receipts receipts & considred as income.
b) Yes Rs 50 charged shud be considered as income
c) No ST needs to be collected on this 50 Rs amt.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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