in case of deemed sale[[like hire purchse etc]] as specified in article 366[29A] whether it is mandatory to bifurcate sale elemet or service element........
or whether i can pay service tax on full amt
2 Replies
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 19 January 2011
Alweays better to bifurcate - recent decision of supreme court in case of leasing states that servic etax on the rendition of services is liable. there is a facility to pay st on 10% of the lease rentals.
student
(WORKING)
(757 Points)
Replied 20 January 2011
...a/d to ur reply it means tht it's not mandatory to bifurgate
sir can u give me the full citation of the decision & any free site from where i can read the facts.........
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