Ramesh provided taxable service to Birju on 1st August, 2014 and raised a bill of ₹4,00,000 on 31st August, 2014. Payment of the bill was received on 30th September, 2014. The date of payment of bill and amount of servic
CS Executive · Tax Laws and Practice · PYQS · December 2014
Ramesh provided taxable service to Birju on 1st August, 2014 and raised a bill of ₹4,00,000 on 31st August, 2014. Payment of the bill was received on 30th September, 2014. The date of payment of bill and amount of service tax if bill is inclusive of service tax will be —
Answer & Explanation:
Correct Answer: Option (C)
Correct answer: (C) 5th or 6th October, 2014; ₹44,001. For an individual service provider under the then quarterly-payment rule, the July–September quarter is payable by 5/6 October. Tax within 4,00,000 = 4,00,000×12.36/112.36 ≈ 44,001. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.
Topics: Service Tax
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