Author : Anonymous
( Author )
31 August 2012
We have hired one Individual for vehicle hiring.
Suppose Bill raised by service provider is of Rs.10000/- without service tax and we are paying him the same after deduction of tds .
So in Reverse charge mechanism, Service receiver is required to pay service tax of Rs.1236/- (i.e.on 100%) or Rs.494/- (i.e.on 40%) ?