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WHAT IS SERVICE TAX
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Answer / shailesh s. deshpande
Service tax is an indirect tax on services rendered with in
India and abroad. It is an inclusive defination. The
current rate is 10% + 2% education cess on service tax. It
is not applicable in the state of Jammu & Kashmir.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / syed iliyas
The service tax is an one of the indirect tax which was
paid by public to the govt through the services recieved by
them on specified services. Bills paid for transportation
or air travels, bill paid to service engineer, telephone
services etc are come under authorities to collect service
tax from the payer.
| Is This Answer Correct ? | 5 Yes | 0 No |
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
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