Reverse charge
This query is : Resolved
22 May 2015
An individual has a manpower recruitment agency? My query is whether
1.Is it liable to charge full service tax on the bill amt (which is generally 1 months salay of the person recruited)
2. Reverse charge mechanism is applicable vide Notification No. 7 dtd 1-03-2015 amending notification No. 30/2012 dtd 20/6/2012. and hence 100% service tax is to be payable by service receiver.
3.Or is it still 25:75 i.e only he should charge 25% of service tax
1.Is it liable to charge full service tax on the bill amt (which is generally 1 months salay of the person recruited)
2. Reverse charge mechanism is applicable vide Notification No. 7 dtd 1-03-2015 amending notification No. 30/2012 dtd 20/6/2012. and hence 100% service tax is to be payable by service receiver.
3.Or is it still 25:75 i.e only he should charge 25% of service tax
22 May 2015
No.the individual provider of service in question,if provides service to a company,from 01.04.2015 ,he is not liable to pay servive tax and the SR company is liable to pay service tax.He is simply to mention in his invoice that service tax is payable 100% by the service receiver giving reference to the new notification.tks ca sagarmal pareek 9824346469,smpfca@gmail.com Bhruch (Guj.)
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
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Journal entry of busniess expenses
- Invertaded duty struture
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
