Jai Hanuman Ltd. engaged in service of repair and maintenance of generators has service tax collections (output) of ₹ 2,00,000. During the period it paid excise duty on machineries acquired ₹ 50,000 and service tax (inpu
CS Executive · Tax Laws and Practice · PYQS · June 2017
Jai Hanuman Ltd. engaged in service of repair and maintenance of generators has service tax collections (output) of ₹ 2,00,000. During the period it paid excise duty on machineries acquired ₹ 50,000 and service tax (input) ₹ 20,000. The service tax liability payable is :
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the options are found to be correct. The correction answer is ₹ 155000.
Topics: Service Tax
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