Reverse charge service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2012 Dear experts

as per new rules how to prepare invoice to service receivers, previously we have prepared as
basic 100000
Service Tax 4.944% 4944
composit vat 5% 5000
--------
Total 109944

but now how to charges service tax 4.944 or 2472 ?

thanks in advance

CA Navin Jain

CA Navin Jain (Expert)
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09 August 2012 Charge the ST 50% of 4.944%.

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2012 thanks for your reply

and one more, how much to pay to department 2472/- or 4944/-?

CA Navin Jain

CA Navin Jain (Expert)
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10 August 2012 Rs. 2472 pay by service provider and rs. 2472 also pay by service receiver.

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2012 sir
we are the service providers and we collect 2472 from service receivers, my doubt is , at the time of service tax payment we should pay only 2472/- or any other ?

CA Navin Jain

CA Navin Jain (Expert)
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10 August 2012 pay only rs. 2472.

RENGARAJ R.K

RENGARAJ R.K (Expert)
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17 August 2012 Dear Author, I hope you are one of the works contractor and coming under Individual/Firm. This 50% payment is applicable only to such categories.

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