Reverse mechanism doubt
This query is : Resolved
17 April 2014
one pvt ltd company gives AMC & cmc to another pvt ltd company regarding for stabilizers AMC amount is Rs.12,000/- the Service Tax amount is Rs.1483/- on 12,000/- @12.36% now that company is giving AMC order is Rs.12,000/- + 1038/- service tax ( on Rs.1483/- @ 70% ) and vat 5% Rs. 600/-.
the total amount is : 12,000+1083+600=13683 is it right amount or not , if not correct = 12000+1483+600=14083 is it right. please inform
the total amount is : 12,000+1083+600=13683 is it right amount or not , if not correct = 12000+1483+600=14083 is it right. please inform
17 April 2014
The right amount shall be 12000+1038+600
The AMC contract is coverd under works contracts on which service tax is paid on 70%.
The AMC contract is coverd under works contracts on which service tax is paid on 70%.
Message likes :
1 times
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
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- FCRA 6 E- Intimation
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Bank details not Visible on Traces Portal
- Journal entry of busniess expenses
- EXPORT COMMERCIAL INVOICE HSN CODE
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Cash balance limit and property purchases limit
- Filling ITR - U
- Form 140 tds
- 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
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
