Rverse charge mechanism/ partial reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2012
If any Pvt. Ltd. Comapny Receives Bill From Service Provider as Renting of Motor Vehicle in following manner
Bill Amount:- 5000/-
Service Tax on
Abated Value (4.94%) 247/-
..........
Total 5247/-
So My Question is what is Tax Liability of Pvt. Ltd. Comapny as a service receiver under reverse charge mechanism or Partial reverse charge mechanism.
Bill Amount:- 5000/-
Service Tax on
Abated Value (4.94%) 247/-
..........
Total 5247/-
So My Question is what is Tax Liability of Pvt. Ltd. Comapny as a service receiver under reverse charge mechanism or Partial reverse charge mechanism.
02 October 2012
Total service tax of 247 shall be borne by service receiver (body corporate) in case of abated value.
02 October 2012
12.36% of abated value is to be borne by service receiver in addition to the service tax charged by service provider
02 October 2012
Since invoice is raised on abated value, full revercharge shall apply...Service receiver is liable to pay Rs. 247 to Govt. No further liability.
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