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  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

How is revenue estimated for testing Service Tax applicability

How is revenue estimated for testing Service Tax applicability?

Add Gross Value of Invoices
Service tax is chargeable on gross receivable of your freelancing work. You can exclude values which are considered as exports since service tax is exempt on export of services. Aggregate the total invoices raised to your clients. These could be totals of invoices raised by you or amounts agreed to be paid to you. In case your freelancing services are not backed by an invoice or an agreement, you may find amounts credited to your bank account. These invoices should be gross values, and not net of any expenses.

Important to note that the invoices are aggregated whether or not payment has been received against these invoices.

Add up values from all services
The nature of freelancing work or services provided by you may be different, you may be coding for one client or providing technical advice to another client or testing software for others. However the aggregate value of all such services have to be considered (and not for each type of service).

Other Incomes
Only your receipts or value of services from freelancing work is considered for this purpose.

How is revenue estimated for testing Service Tax applicability?

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