Query about service tax amount- please advice me
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2013
We are the pvt. ltd. company engaged a Contractor with valuable work order for supply of materials of electrical and erection. Now the contractor raised a bill for Installation, where he charged the service tax amount @12% directly and also ed.cess & s&h ed. cess applied as per norms. The contractor is a partnership firm.
My question is that he (The Contractor) is do the same or he only charged 25% on Service Tax amount @12% ?
I request you to please clarify me my query with notification no.
My question is that he (The Contractor) is do the same or he only charged 25% on Service Tax amount @12% ?
I request you to please clarify me my query with notification no.
CA Suresh Jain
(Expert)
02 August 2013
If he has not taken CENVAT credit he should charge service tax on 25% of the value.
If he is availing CENVAT he should determine the value of service as per "Service Tax (Determination of Value) Rules"
Since, RCM is applicable the provider and receiver both are liable to pay 50:50
If he is availing CENVAT he should determine the value of service as per "Service Tax (Determination of Value) Rules"
Since, RCM is applicable the provider and receiver both are liable to pay 50:50
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