Saturday, 4 April 2015

Using expression ‘inclusive of all taxes’ in a contract doesn’t mean that service tax was collected

Service Tax : Expression 'inclusive of taxes' only means that there would be no further rise in value of contracts in case any demands stands raised against service provider; it does not mean that 'service tax' stands collected from service recipient so as to be payable under section 73A, despite fact that services are eligible for exemption


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