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TMI Blogservice tax applicabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... service tax applicability X X X X Extracts X X X X X X X X Extracts X X X X ..... FOR 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 APPLICAB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LE 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 serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 Kalyan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i:
The Reply:
Thanks sir. X X X X Extracts X X X X X X X X Extracts X X X X
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