Rcm for rent a cab service

This query is : Resolved

ravi (Querist)
Follow

31 December 2015
SIR,
We have taken hiring vehicle service via tender. Service provider (individual) has ST Code and turn over>10 lac. He has issued an invoice (Claiming 50% ST liability on his part) as under:-

Base Amt = 18000
ST 7% = 1260
SBC.25% = 45
________________
Total Rs. = 19305/-

Now do we need to pay 50% Service Tax to ST Authority after payment of this bill ?
How much ST, the service provider will have to pay ?

CA. Divyansh Agarwal

CA. Divyansh Agarwal (Expert)
Follow

01 January 2016 If you are a body corporate registered as business entity then you have to pay 50% service tax to ST authority and service provider will pay the same amount to st authority

ravi

ravi (Querist)
Follow

01 January 2016 WE ARE PSU.
DO WE NEED TO GET ANY DECLARATION/ASSURANCE FROM THE SERVICE PROVIDER FOR ST PAYMENT ON HIS PART ?

CA. Divyansh Agarwal

CA. Divyansh Agarwal (Expert)
Follow

02 January 2016 NO you dont need such declaration as you can avail cenvat credit of st payment to service provider if you made the payment of his services within3 months

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Prashant Kotecha

Akhilesh Chandra

Vasudevan Santhanam

CA Saurabh Jadhav

shobi H

Subscribe Now

Rcm for rent a cab service

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Senior Executive

GST CONSULTANCY

CA Final

Manager- Finance and Compliance