Reverse mechanism under service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2012
DEAR SIR,
UNDER REVERSE MECH. SERVICE PROVIDER & RECEIVER BOTH HAVE TO PAY 50% EACH FOR SERVICE TAX IF,SOME LABOUR WORK IS DONE ON CONTRACT BASIS.
HERE SERVICE PROVIDER IS AN INDIVIDUAL HAVING TURNOVER AROUND RS.6 LACS P.A.
AND SERVICE RECEIVER IS A COMPANY WHICH IS UNDER SERVICE TAX BRACKET ALREADY.
MY QUESTION IS:-
>WHETHER SERVICE PROVIDER IS TO PROVIDE /PAY ANY AMOUNT IN THE BILL FOR SERVICE TAX .
>IF SERVICE PROVIDER IS NOT CHARGING.......SHALL RECIEVER BE LIABLE TO PAY HIS 50% AMOUNT AS SERVICE TAX & DEPOSIT.
UNDER REVERSE MECH. SERVICE PROVIDER & RECEIVER BOTH HAVE TO PAY 50% EACH FOR SERVICE TAX IF,SOME LABOUR WORK IS DONE ON CONTRACT BASIS.
HERE SERVICE PROVIDER IS AN INDIVIDUAL HAVING TURNOVER AROUND RS.6 LACS P.A.
AND SERVICE RECEIVER IS A COMPANY WHICH IS UNDER SERVICE TAX BRACKET ALREADY.
MY QUESTION IS:-
>WHETHER SERVICE PROVIDER IS TO PROVIDE /PAY ANY AMOUNT IN THE BILL FOR SERVICE TAX .
>IF SERVICE PROVIDER IS NOT CHARGING.......SHALL RECIEVER BE LIABLE TO PAY HIS 50% AMOUNT AS SERVICE TAX & DEPOSIT.
CA Ayush Agarwal
(Expert)
29 October 2012
Fst Understand, Both Have There Own Liablity No Interrelation.
So In This case Only Corporates Will pay 50%.
Provider is not Liable to Pay service Tax.
So In This case Only Corporates Will pay 50%.
Provider is not Liable to Pay service Tax.
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