Exemption limit of service tax on reverse machenism
This query is : Resolved
vipin khandelwal
(Querist)
28 December 2012
Dear Seniors,
i am working in a company i received bills from Vendor of Van Hire & Manpower, they have not registered in service tax than we shuld pay service tax on reverse charge machenism behalf of vendor or Not.
i am working in a company i received bills from Vendor of Van Hire & Manpower, they have not registered in service tax than we shuld pay service tax on reverse charge machenism behalf of vendor or Not.
28 December 2012
You have to pay your share of service tax irrespective of the fact that the provider is registered or not.
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vipin khandelwal
(Querist)
29 December 2012
but how to calculate my share however vendor bill is without service tax and what about exemption limit of 10 lakhs.
my company hire commercial vehicle for advertising
my company hire commercial vehicle for advertising
29 December 2012
The exemption limit of Rs 10 lac is not applicable to you for RCM.
Your share in case of motor car hire is 40% and in case of manpower supply is 75%.
So you have to calculate like this:- bill amount * 12.36% * % of your share.
Your share in case of motor car hire is 40% and in case of manpower supply is 75%.
So you have to calculate like this:- bill amount * 12.36% * % of your share.
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