Query
This query is : Resolved
14 February 2013
1) WORKS CONTRACT OF FURNITURE FOR ORIGINAL WORK & OTHER REPAIRING & MAINTAINCE WORK WITH LIMITED COMPANY HOW TO LEVY SERVICE TAX ON GROSS BILL OF RS 10,000/- AS PER NOTIFICATION NO 24/2012 DT 6TH JUNE 2012 SERVICE PROVIDER & SERVICE RECIEVER.
2) THE LTD CO TO WHOM WE ARE PROVIDING SERVICE HAVE TOLD US TO PAY SERVICE TAX 12.36% ON 60% OF THE TOTAL AMOUNT CHARGED FOR WORK CONTRACT ON OLD WORK AND ON ORIGINAL WORK CONTRACT 40%.
3) CURRENTLY WE ARE CHARGING 4.944/% SERVICE TAX AND 50% IS PAYABLE BY SERVICE PROVIDER & 50% BY SERVICE RECIEVER AS PER NOTIFICATION NO 15/2012 SERVICE TAX AND MVAT @ 8% PLEASE REPLY IN DETAILS AND WITH EXAMPLE AS I AM CONFUSED
2) THE LTD CO TO WHOM WE ARE PROVIDING SERVICE HAVE TOLD US TO PAY SERVICE TAX 12.36% ON 60% OF THE TOTAL AMOUNT CHARGED FOR WORK CONTRACT ON OLD WORK AND ON ORIGINAL WORK CONTRACT 40%.
3) CURRENTLY WE ARE CHARGING 4.944/% SERVICE TAX AND 50% IS PAYABLE BY SERVICE PROVIDER & 50% BY SERVICE RECIEVER AS PER NOTIFICATION NO 15/2012 SERVICE TAX AND MVAT @ 8% PLEASE REPLY IN DETAILS AND WITH EXAMPLE AS I AM CONFUSED
29 July 2013
You have not clarified whether the Turnover exceeds the minimum limit of 10L. If it exceeds then you are indicated to go for composite scheme for billing and the company is look its interest. You are paying on the basis of reverse charges which is not available for adjustment and set off. So follow the advise of the company.
Message likes :
1 times
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Copyright software
- Value of property in capital gain
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
