Man power supply
This query is : Resolved
Golak Panigrahy
(Querist)
21 September 2012
Dear Sir
we are a public ltd co. service receiver of manpower supply . our service provider charges 25% st & balance 75% payable by service receiver.
I want to know are we liable to pay 75% of s.t & what amount eligible for cenvat purpose
please let me know in detail on urgently
thanks
we are a public ltd co. service receiver of manpower supply . our service provider charges 25% st & balance 75% payable by service receiver.
I want to know are we liable to pay 75% of s.t & what amount eligible for cenvat purpose
please let me know in detail on urgently
thanks
CA Navin Jain
(Expert)
21 September 2012
yes, your company is liable to pay service tax under revese charge i.e. 75%.
Cenvat Credit:-
25% on the basis of invoice
75% on the basis of payment
Cenvat Credit:-
25% on the basis of invoice
75% on the basis of payment
CA.Vinita Gupta
(Expert)
21 September 2012
Agreed with the reply of Navinji
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