Partial reverse charge
This query is : Resolved
10 April 2014
ABC Exports Pvt. Ltd. paid to Ideal Group regarding staff recruitment as follows:
Bill Amount Rs. 100/- + ST Rs.12.36 Total Rs.112.36/-
As Per above situation service tax is applicable under reverse charge mechanism in the hands of receiver (ABC) i.e. 75% of 12.36% is 9.27% under categories of man power supply.
My query is service provider is already collect the 12.36% (100%) service tax amount from service receiver. So in this case service receiver still need to pay service tax amount? If yes then what amount??
Bill Amount Rs. 100/- + ST Rs.12.36 Total Rs.112.36/-
As Per above situation service tax is applicable under reverse charge mechanism in the hands of receiver (ABC) i.e. 75% of 12.36% is 9.27% under categories of man power supply.
My query is service provider is already collect the 12.36% (100%) service tax amount from service receiver. So in this case service receiver still need to pay service tax amount? If yes then what amount??
11 April 2014
Legal liability is of service receiver.
That liability does not disappear even assuming that the service provider has paid the service tax.
The department can insist on payment of service tax from you
[In respect of past, may be you can get away by claiming that it is only procedural mistake and no revenue loss. However, for future, please do not do it].
That liability does not disappear even assuming that the service provider has paid the service tax.
The department can insist on payment of service tax from you
[In respect of past, may be you can get away by claiming that it is only procedural mistake and no revenue loss. However, for future, please do not do it].
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
