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service tax on other income

Service Tax - Started By: - MUKUND THAKKAR - Dated:- 19-2-2016 Last Replied Date:- 20-2-2016 - Sir,owner of resturant have recevied the letter from service tax dept. that service tax is pay against the income shown in balance sheet of year 2013-14 Rs, 20 lkhs under head of OTHER INCOME , In fact other income is pertaining to sales promotion.In the year 2013-14 resturant owner's sell the food coupen to their future customer, As and when customer coming for meal they have used this food coupen .....

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applicable. However, as per the books of account, sale of food has been caused and promoted by way of coupon. The term, Sales Promotion should not have been used in the the books of accounts.This has caused the problem. Now the department wants to include the value of sales promotion in the gross amount charged under Section 67 for the purpose of recovery of ST. The activity of sales promotion is a service in terms of Board's Instruction F. No. 96/85/2015-CX.I, dated 7-12-2015.(Point No.B 30 .....

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s there please suggest.Once again Thanks. - Reply By KASTURI SETHI - The Reply = SH.MUKUND THAKKAR JI, Sir, You will get case laws by tomorrow. Had the assessee given the accounting Head, Sale Through Coupon , he would not have invited SCN. Anyhow now the assessee will get natural justice through litigation, as there is no other option left. - Reply By KASTURI SETHI - The Reply = SH.MUKUND THAKKAR JI, Sir, Otherwise also 'sales promotion' is covered under the definition of 'input ser .....

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