Rate of service
This query is : Resolved
29 June 2017
Sir
Our company is receiving Rent a cab service from various contractors and remiting 7.5% as service tax under Reverse charge mechanism.The contractors will submit the total Bill for the month of June in July only and the payment will be made on July, My query is that, what will be the rate of GST/Service Tax for above mentioned bill and subsequent bills under RCM.
Thanks in Advance
Our company is receiving Rent a cab service from various contractors and remiting 7.5% as service tax under Reverse charge mechanism.The contractors will submit the total Bill for the month of June in July only and the payment will be made on July, My query is that, what will be the rate of GST/Service Tax for above mentioned bill and subsequent bills under RCM.
Thanks in Advance
29 June 2017
if fuel cost is borne by service provider .... 5%
if fuel cost is borne by service receiver... 18%
The service for June is provided in June and hence it will go to 7.5 % RCM although billed in July.
Hence on wards the rate would be 5 or 18 as the case may be
if fuel cost is borne by service receiver... 18%
The service for June is provided in June and hence it will go to 7.5 % RCM although billed in July.
Hence on wards the rate would be 5 or 18 as the case may be
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
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Average Cost Of High Quality Diamonds
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
