TaxTMI 
TaxTMI 
service tax applicability
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....ervice tax applicability<br> Query (Issue) Started By: - suman suman Dated:- 26-1-2017 Last Reply Date:- 28-1-2017 Income Tax<br>Got 4 Replies<br>Income Tax<br>IF MR.A GIVEN RUPEES 10 CRORE TO MR .B F....
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....OR MAKING A FILM IN THAT 10 CRORE 5 CRORE IS FOR MAKING THAT FILM REMAINING 5 CRORE IS FOR MR.B REMUNERATION FOR JOB DONE. WHAT IS THE TAX IMPLICATION IN THE HANDS OF MR.B???? IS SERVICE TAX APPLICABL....
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....E TO HIM??? IF APPLICABLE ON HOW MUCH AMOUNT HE HAS TO PAY?? WHAT IS THE PERCENTAGE TO PAY??? Reply By YAGAY AND SUN: The Reply: B will raise a bill/invoice of ₹ 10 crore on A to charge servi....
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....ce tax on entire amount. Reply By Ganeshan Kalyani: The Reply: Service tax is applicable on consideration received for service rendered. Here, ₹ 10 crores is received toward consideration for ....
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....the service, by way of making film, is rendered, hence service tax is applicable. Thanks. Reply By KASTURI SETHI: The Reply: I support the views of both experts. As per Section 67, ST is leviable on....
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.... gross amount charged. Pl. read Section 67 (i), & (3) of the Act and also definition of ''Consideration" below Explanation (a) of Section 67 of the Finance Act. Reply By Ganeshan Kalyani....
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....: The Reply: Thanks sir.<br> Discussion Forum - Knowledge Sharing ....