Query on rcm man power supply
This query is : Resolved
01 March 2016
Suppose
X Ltd is a Pvt ltd Company who is had Activity on Erection and Installation the Company are Receiving Order from Various Customers for Erection and Intallation X lTD Company anaging y an Individual Person who supply Man power to X LTD Company
My Query is
Sir,
X ltd Make invoice to Customers for Erection ans Intallation including Service tax fOR e.g 25000 plus Service tax Rate
But Under RCM We Need tp pay 75 % of Tax under Service tax on Man power supply
but it Making Double tax Implication
1. we are Paying Tax on Invoice Raised to Customer
2. We are Paying Tax under RCM om Man Power Supply 75%
Kindly Suggest
X Ltd is a Pvt ltd Company who is had Activity on Erection and Installation the Company are Receiving Order from Various Customers for Erection and Intallation X lTD Company anaging y an Individual Person who supply Man power to X LTD Company
My Query is
Sir,
X ltd Make invoice to Customers for Erection ans Intallation including Service tax fOR e.g 25000 plus Service tax Rate
But Under RCM We Need tp pay 75 % of Tax under Service tax on Man power supply
but it Making Double tax Implication
1. we are Paying Tax on Invoice Raised to Customer
2. We are Paying Tax under RCM om Man Power Supply 75%
Kindly Suggest
04 March 2016
Please note that in the case of Manpower supply, with effect from 01.04.2015 100% of the service tax should be paid by service receiver. (75% was applicable up to the period 31.03.2015). The service receiver can take the credit of the amount paid under RCM in the subsequent month. There is no double taxation, but just shifting of burden of tax remittance.
05 March 2016
Thanks for Reply sir
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