service tax

dasd (Querist) 19 January 2011 This query is : Resolved
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

Follow Query

Report Abuse

H.M.Patnaik (Expert) 20 January 2011
Hire purcha transactions are taxed under state Value Added Tax Act on the gross value.However , if the service charge can be segregated out of the hire-purchase cost, then Service tax can be paid on the said component at applicable rates under the Head Business Auxiliary Services .

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Browse by Category

Stay updated with latest Posts!