Reverse charge
This query is : Resolved
26 July 2012
We are PVT LTD Co, we received bills towards renting of car.(1-7-2012)
Party is charges service on 40% of bill amount, in that case what is our service tax liability as a service receiver ?
1000 bill amount
49 service tax (40%)
----
1049 total bill amount
Party is charges service on 40% of bill amount, in that case what is our service tax liability as a service receiver ?
1000 bill amount
49 service tax (40%)
----
1049 total bill amount
26 July 2012
Your Liability will be 4.944% on Bill Amount i.e. on 1000/-
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