Hari Ltd., a service provider, provides the following particulars relating to the half year ended with 30 th September, 2015: (i) Bill raised for ₹4,00,000 out of which payment of ₹1,00,000 is not received till 30 th Sep
CS Executive · Tax Laws and Practice · PYQS · June 2016
Hari Ltd., a service provider, provides the following particulars relating to the half year ended with 30 th September, 2015: (i) Bill raised for ₹4,00,000 out of which payment of ₹1,00,000 is not received till 30 th September, 2015. (ii) An advance of ₹60,000 was received from Seetha Ltd., on 10 th September, 2015 for providing services in January, 2016. The taxable value of service is— (A) ₹4,60,000 (B) ₹3,60,000 (C) ₹3,00,000 (D) ₹4,00,000
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Service Tax
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