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LPRajendraKumar (Advocate speciatised in Service Tax)     20 December 2013

Service tax and income tax difference

Hi,

Service tax audit people are saying the difference between the Income tax and Service tax to be paid. I have seen in so many clients cases normally Income tax is on higher side than Service tax. How can we fill the gap.We are saying Income tax is accrual basis and the ST is receipt basis, but this augument has no weight after  the amendment in 2011. What is the position on the above subject matter



Learning

 1 Replies

Ranganath.T (Manager-Accounts )     23 December 2013

Dear Madam, or Sir,

Service Tax should be paid on Land cost at the time of sale of Flats by Developers. please refer the Service Tax Notification No. 26 I am getting Confuse,

Please give me your opinion.


Thank You very much in advance

 

regards,

Ranganath T


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