Reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2012
We are service provider for vehicle hiring.
Suppose
Bill amt. Rs. 10000.00
Our service tax Rs. 742.00 (12.36% of 60% of Rs.10000)
1.So, we have to raise bill of Rs.10742.00?
2.What will be accounting treatment of both parties i.e. service provider & service receiver?
3. Service receiver will deduct TDS on which amount?
Suppose
Bill amt. Rs. 10000.00
Our service tax Rs. 742.00 (12.36% of 60% of Rs.10000)
1.So, we have to raise bill of Rs.10742.00?
2.What will be accounting treatment of both parties i.e. service provider & service receiver?
3. Service receiver will deduct TDS on which amount?
27 September 2012
TDS will be deducted on the bill value of Rs.10742
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