Billing with service tax
This query is : Resolved
Anil Chavan
(Querist)
20 November 2012
Dear Sirs
We are a security agency & now we have to raise bills to our clients. I have query that at which rate we have to raise the bills?
Means we have to raise by 12% + Edu cess or 3 % + cess ?
Earlier I had got 2 answers regarding the same , one was saying with 12% & another one was saying with 3%. Hence, I am confused.
Please help us.
With Regards
Anil
We are a security agency & now we have to raise bills to our clients. I have query that at which rate we have to raise the bills?
Means we have to raise by 12% + Edu cess or 3 % + cess ?
Earlier I had got 2 answers regarding the same , one was saying with 12% & another one was saying with 3%. Hence, I am confused.
Please help us.
With Regards
Anil
20 November 2012
What is the status of the agency? Company or individual/HUF.
If it is a company, then you have to charge the full amount of service tax, i.e.. 12.36% (12% + Cess)
However, if you are an individual or HUF, then your liability is only 25% of the total liability. So you will charge service tax @ 3.09% (3% + Cess).
If it is a company, then you have to charge the full amount of service tax, i.e.. 12.36% (12% + Cess)
However, if you are an individual or HUF, then your liability is only 25% of the total liability. So you will charge service tax @ 3.09% (3% + Cess).
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