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
Suresh Ramaswamy
(Expert)
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
Suresh Ramaswamy
(Expert)
27 October 2013
You are right the liability of SR under RCM 50% of the Service Tax irrespective of the status of the SP.
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