Rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2015
Dear experts
RCM is applicable in respect of original civil contract hence 50%, 50% ST is to be payable by both service provider and receiver, eg, total contract amount is Rs. 1 lacs inclusive materials therefore ST will be applicable on 40000/- however in case of RCM on how much amount ST will be payable by service provider weather 20000*14.5% or 40000*14.5%,
Thanxx in Advance
RCM is applicable in respect of original civil contract hence 50%, 50% ST is to be payable by both service provider and receiver, eg, total contract amount is Rs. 1 lacs inclusive materials therefore ST will be applicable on 40000/- however in case of RCM on how much amount ST will be payable by service provider weather 20000*14.5% or 40000*14.5%,
Thanxx in Advance
19 December 2015
It is 20000*14.5% ............
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