GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gross amount charged for the taxable services includes:
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Only that amount received towards the taxable service which is received after the provision of such services.
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Only that amount received towards the taxable service which is received before the provision of such services.
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Any amount received towards the taxable services whether received before, during or after provision of such services.
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None of these
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Explanation:
Detailed explanation-1: -It can be understood with a simple illustration: If the price of goods or services remain to be at1, 000 the GST rate applicable remains to be 18%. Therefore, the calculation will be 1, 000+ (1, 000X(18/100)) = 1, 000+180 = 1, 180.
Detailed explanation-2: -"Taxable Service” means any service provided or to be provided to a client by any person in relation to business auxiliary service.
There is 1 question to complete.