Reverse cahrge
This query is : Resolved
19 March 2014
KEC is proprietorship concern supply manpower to DPS Ltd. HCC is also a proprietorship concern supply manpower to KEC. During January - 2014 HCC raise a bill to KEC of Rs.12,37,080 including service Tax of Rs.37,080. In the same month KEC raise a bill to DPS Ltd. of Rs.15,46,350 including service tax of Rs.46,350.
What is the service tax liability of KEC in the month of January - 2014.
What is the service tax liability of KEC in the month of January - 2014.
19 March 2014
Output tax............................46350
Less:-Input tax.......................37080
Service tax liability for the month of January 2014=46350-37080=9270
Less:-Input tax.......................37080
Service tax liability for the month of January 2014=46350-37080=9270
19 March 2014
Sorry for the mistake.
KEC has to pay service tax of Rs.37080 under reverse charge mechanism and DPS Ltd. has to pay service tax of Rs.46350
KEC has to pay service tax of Rs.37080 under reverse charge mechanism and DPS Ltd. has to pay service tax of Rs.46350
19 March 2014
Moreover KEC and HCC should not include service tax in his bill as the liability to pay service tax is of service receiver under reverse charge mechanism.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
