01. Where the consideration is only money, then gross
amount charged.
02. In case where consideration is not or partly for
money, then the monetary value of service.
03. In case value not ascertainable, then in the
prescribed manner.
04. Electricity provide free of cost to service provider
is not a consideration. Refer, Inox Air Products Limited.
05. Rate of exchange of rate of service tax – when the
taxable services has been provide or agreed to be provided.
06. Forex Profit / loss is not taxable for service tax.
0
7. There will be a mismatch between AS-11 value and
Service tax forex value as AS-11 follows bank rate and Service tax follows
internal rate.
08. Rule for works contract.
(a)
Gross amount charged minus value of assets
transferred.
(b)
Otherwise
for original works – 40% , maintenance - 70% & other 60%.
09. Tax is applicable on reimbursement also.
10. Service tax is not applicable on value of goods sold
by service provider.
11. Also Service tax not applicable on interest component.
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