Amit (Accounts Manager) (109 Points)
01 July 2015Company Assessee
We are service provider - Advertisement services
We have paid some Legal fees to Advocate which comes under Reverse charge, now while making service tax payment as service recipient which accounting code to be used ?
CA Shyam Makwana
(Practice)
(87 Points)
Replied 01 July 2015
Legal consultancy service (basic 14%) - 00440480
If invoice of Advocate is on before June, 2015 and so is the provision of service, the rate of service tax shall be 12.36%
In that case, Accounting code for 12% will be 00440480, For 2% it will be 00440298, and for 1% it will be 00440426
Amit
(Accounts Manager)
(109 Points)
Replied 01 July 2015
Thanks,
Is there any option while making payment, which will specify the service tax is paid under reverse charge ?
CA Shyam Makwana
(Practice)
(87 Points)
Replied 01 July 2015
Nope.. No such option while paying service tax. But same shall be shown as payment under service receiver in ST3
CA Shyam Makwana
(Practice)
(87 Points)
Replied 01 July 2015
anytime you are welcome. you may mail me your queries on shyam_makwana @ ymail.com
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