Investor Presentaiton
Value of Taxable Service- SSTSA
Description
A service is made in the following case:
Between related persons, and
Consideration for supply for no or reduced consideration less than the
price as offered to other than associated persons
Consideration in kind or partly in kind and partly in money
Service provided for no consideration or for lesser than the price
In case of trade discounts, invoice must show discounted price and discount
to be in conformity with customary business practice
Special nature of transaction where difficult to ascertain value or reason to
believe that value of service not correctly declared at invoice
The value of service in case of advance receipt from customers
Where service is provided at higher value as fixed by Board
MOORE Shekha Mufti
Value of Service
Price at which service is
provided to other persons
Open market price
Open market price
Discounted price
Open market price
Amount received to be
worked back
Value at which service
provided until otherwise
directed by BoardView entire presentation