Applicability of reverse charging for sole proprietors
This query is : Resolved
21 December 2012
Under the Reverse Charging Mechanism for Service Tax, For Works Contract Services the Service provider and Service receiver have to pay Service Tax in the Ration of 50:50.
My Query is:
Whether a Sole Proprietor Providing Service to the Company registered under the Companies Act 1956 have to pay 50% of the ST when his Total turnover does not exceed 10 Lakhs.
Thanks in Advance
My Query is:
Whether a Sole Proprietor Providing Service to the Company registered under the Companies Act 1956 have to pay 50% of the ST when his Total turnover does not exceed 10 Lakhs.
Thanks in Advance
23 December 2012
No. Exemption of 10 Lac is available to sole proprietor
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