Robin Singla (15 Points)
29 July 2016A Pvt. Ltd. company took Works contract service from a unregisetred individual dealer. Is company liable for service tax liability under RCM and how much?? Dealer does not show goods and service portion in his invoice, he charge the Company on Sq.feet basis??
K.RAJA
(Tax Consultant)
(217 Points)
Replied 31 July 2016
In your case as per Notification No: 30/2012 dated 20.06.2012 the Receiver of service i.e.business entity, Registered Body corporatewould have to pay 50% of the Service Tax and the remaining 50% would be paid by the Service Provider.
About issue of Invoice:-
Service Provider shall issue an invoice complying with Rule 4A of the Service Tax Rules 1994.
The Invoice shall indicate the name & address of the person receving service, Service Tax Registration Number of the Service Provider, descripttion & value of taxable service provided and the Service Tax payable thereon.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
