Rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2013
Dear Sir,
Suppose party issed bill of Rs. 1 Lac and service tax charged is Rs. 12360/-.
However customer party paid only half of service tax amount under RCM.
Now my quary is that how to mention service tax @ 50% while filing st-3 and which circular that I should site for 50% exemption on turnover.
Please advise me.
Thanks in advance.
Suppose party issed bill of Rs. 1 Lac and service tax charged is Rs. 12360/-.
However customer party paid only half of service tax amount under RCM.
Now my quary is that how to mention service tax @ 50% while filing st-3 and which circular that I should site for 50% exemption on turnover.
Please advise me.
Thanks in advance.
RENGARAJ R.K
(Expert)
08 August 2013
what is the service provided and whether the service provider is individual or firm or company. you have not mentioned name of the service.
If it works contract, mention 30/2102-ST and 024/2012-ST for exemption and abatement.
If it works contract, mention 30/2102-ST and 024/2012-ST for exemption and abatement.
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