05 November 2015
our company received bill from propritorship firm for painting work. he charges service tax of 40% of total billing amount. are we liable to pay service tax under reverse charge under work contract service
05 November 2015
Under RCM pertaining to works contract liability falls in the ratio of 50:50 in between service provider and service receipient of the applicable service tax rate. However liability of service receipient is not mutually inclusive or inter-dependent but independent one.
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