https://www.taxtmi.com/forum/issue?id=2305 Service tax liability arises on receipt of consideration even if the tax component is not separately collected; where gross amounts are received inclusive of tax the taxable value is extracted from gross receipts by grossing down (using the appropriate gross-up factor) and the service tax payable equals that extracted taxable value multiplied by the applicable rate. Partial receipts trigger proportionate liability on the amount received, and tax must be deposited and shown in the return after payment. en-us Thu, 21 Oct 2010 17:01:35 +0530 Thu, 23 Jan 2025 15:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2305 Service tax liability arises on receipt of consideration even if the tax component is not separately collected; where gross amounts are received inclusive of tax the taxable value is extracted from gross receipts by grossing down (using the appropriate gross-up factor) and the service tax payable equals that extracted taxable value multiplied by the applicable rate. Partial receipts trigger proportionate liability on the amount received, and tax must be deposited and shown in the return after payment. Discussion-Forum Service Tax Thu, 21 Oct 2010 17:01:35 +0530 https://www.taxtmi.com/forum/issue?id=2305