Regarding service tax applicable or reverse charge
This query is : Resolved
27 November 2012
Dear All,
Please take a note that, we are providing following service to our client,
- Software Development
- Translation Service
- Man Power Service
As per My knowledge Service tax Applicable for said service.
- Software Development - 12.36%
- Translation Service - 12.36%
- Man Power Service - 3.09% (25% of 12.36%)
I request to you, please clear rate of service tax,
I am waiting for your reply.
Regards
Rajnish
Please take a note that, we are providing following service to our client,
- Software Development
- Translation Service
- Man Power Service
As per My knowledge Service tax Applicable for said service.
- Software Development - 12.36%
- Translation Service - 12.36%
- Man Power Service - 3.09% (25% of 12.36%)
I request to you, please clear rate of service tax,
I am waiting for your reply.
Regards
Rajnish
27 November 2012
Dear Rajnish,
If you are a Proprietorship firm/partnership firm and your client is a body corporate/company then the rates given by you are correct.
otherwise all rates would be 12.36%
If you are a Proprietorship firm/partnership firm and your client is a body corporate/company then the rates given by you are correct.
otherwise all rates would be 12.36%
Message likes :
1 times
27 November 2012
Dear Mr. Amit,
thanks for your quick reply.
Our Firm is Partnership.
If Plt. Ltd. then tax rate will change?
Please reply.
your co-operation will be highly appreciated.
Regards
Rajnish
thanks for your quick reply.
Our Firm is Partnership.
If Plt. Ltd. then tax rate will change?
Please reply.
your co-operation will be highly appreciated.
Regards
Rajnish
28 November 2012
THe tax will change only in case Service receiver is a Compnany and that too in case of Manpower supply. If receiver is company, then pay tax on 25% value @ 12.36%. Otherwise pay 12.36% on 100% Invoice
28 November 2012
Dear Mr. Sahil,
Thanks for your reply.
but i have one more query.
suppose Pvt. Ltd. Company raise invoice to other Pvt. Ltd. company then tax rate is 12.36%
Service type is "Software Service"
2nd is query is
If Company Received service from Individual then company liable to pay service tax 75%? but individual turnover less then 10Lakh.
Please reply my query.
Regards
Rajnish
Dear Mr. Sahil,
Thanks for your reply.
but i have one more query.
suppose Pvt. Ltd. Company raise invoice to other Pvt. Ltd. company then tax rate is 12.36%
Service type is "Software Service"
2nd is query is
If Company Received service from Individual then company liable to pay service tax 75%? but individual turnover less then 10Lakh.
Please reply my query.
Regards
Rajnish
28 November 2012
1. Yes tax is 12.36% in that case
2. Turnover of Individual does not matter. Tax payable on every Rupee under reverse charge
2. Turnover of Individual does not matter. Tax payable on every Rupee under reverse charge
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Building and other construction workers welfare cess act 1996
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
