Sbc on partial rcm

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Dhaval (Querist)
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18 November 2015 IF A PERSON PROVIDING WORKS CONTRACT SERVICES & HE IS COVERED IN PARTIAL RCM THAN WHICH RATE HE WILL CHARGE IN HIS INVOICE.HE AVAILS ABATEMENT OPTION.
1. 2.80% + 0.20% OR
2. 2.80% + 0.10% OR
3. 5.60% + 0.20% OR
4. 5.80% OR
5. 2.90% OR
6. 3.00%

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 November 2015 2.80 % + 0.10 % may be charged.

FCMA CS Pardeep Khaneja

FCMA CS Pardeep Khaneja (Expert)
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19 November 2015 Taxable services, on which service tax is leviable on a certain percentage of value of taxable service, will attract SBC on the same percentage of value as provided in the notification No. 26/2012-Service Tax, dated 20th June, 2012. So, this notification would apply for SBC also in the same manner as it applies for service tax. For example, in the case of GTA, [Service Tax + SBC]% would be (14% Service Tax + 0.5% SBC) X 30% = 4.35% (4.20%+0.15%)

FCMA CS Pardeep Khaneja

FCMA CS Pardeep Khaneja (Expert)
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19 November 2015 Hope you understand with above example

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