Maru Parcel Services Ltd. transported goods manufactured by Rocket Ltd. in its factory in Noida to various places in Uttar Pradesh. The parcel service company received ₹2,00,000 from the manufacturer for the transport se
CS Executive · Tax Laws and Practice · PYQS · June 2016
Maru Parcel Services Ltd. transported goods manufactured by Rocket Ltd. in its factory in Noida to various places in Uttar Pradesh. The parcel service company received ₹2,00,000 from the manufacturer for the transport services rendered during the quarter ended with 30 th June, 2015. The taxable value of service for the quarter is— (A) ₹2,00,000 (B) ₹1,50,000 (C) ₹50,000 (D) Nil.
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: *** The answer is ₹ 60,000
Topics: Service Tax
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