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.
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
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
