Rcm
This query is : Resolved
26 October 2013
Dear Sir,
REPAIRS TO BUILDING UNDER WORKS CONTRACT (RCM)
WE ARE PUBLIC LTD CO.
TOTAL BILL AMT - 136780
EXEMEP40% - 54712
ST ON 60% - 82068
SERVICE TAX ON 60% AMT - 9845 BUT WE SHOULD PAY 50% AMT IT IS CORRECT N
REPAIRS TO BUILDING UNDER WORKS CONTRACT (RCM)
WE ARE PUBLIC LTD CO.
TOTAL BILL AMT - 136780
EXEMEP40% - 54712
ST ON 60% - 82068
SERVICE TAX ON 60% AMT - 9845 BUT WE SHOULD PAY 50% AMT IT IS CORRECT N
26 October 2013
What is the status of the service recipient - i.e. the person whose building you are repairing. Depending on the status of SP and SR the RCM rate is decided.
26 October 2013
SR - PUBLIC LTD CO
SP - INDV (WHO IS NOT REGISTER UNDER ST
SP - INDV (WHO IS NOT REGISTER UNDER ST
27 October 2013
You are right the liability of SR under RCM 50% of the Service Tax irrespective of the status of the SP.
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
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Traces submitting correction statement error
- ITR-Capital Gain
- ITR-3 File/Error Found
- Rent claimed on building given on permissive possession basis
- IT returns for fresh job holders
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- 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
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
