Section 68(2), both person liable to pay half service tax
This query is : Resolved
06 April 2012
section 68(2) has been amended to consider the service provider and service receiver both as person liable to pay service tax to the extent specified against each one of them in certain cases..
my query is relating to works contract..
for works contract service:
% of service tax payable by the person providing service is 50%
% of service tax payable by the person receiving the service is 50%
my question is:
1) how the assessee should prepare bill what will be the break-up
2)is there a need for assessee to take service tax number of the person receiving the service
3)if suppose service receiver doesnot have s/t number then what?
4)if suppose the service receiver doesnot pay his share of tax then who will be liable for that tax,int,penalty?
anyone please reply on this matter.
Thank You.
my query is relating to works contract..
for works contract service:
% of service tax payable by the person providing service is 50%
% of service tax payable by the person receiving the service is 50%
my question is:
1) how the assessee should prepare bill what will be the break-up
2)is there a need for assessee to take service tax number of the person receiving the service
3)if suppose service receiver doesnot have s/t number then what?
4)if suppose the service receiver doesnot pay his share of tax then who will be liable for that tax,int,penalty?
anyone please reply on this matter.
Thank You.
07 April 2012
I have the same querry!
Message likes :
1 times
07 April 2012
I have same query!
09 April 2012
1) Bill should indicate 100% st.
2) Service receiver is liable to pay 50% st irrespective of 10 Lac limit hence SR needs to be registered with st.
3) First get registered , then pay and then file returns (interest and penalties for being late - if any)
4) If doesnt pay - SR will himself be liable to extent of 50% , interest and penalty thereon.
2) Service receiver is liable to pay 50% st irrespective of 10 Lac limit hence SR needs to be registered with st.
3) First get registered , then pay and then file returns (interest and penalties for being late - if any)
4) If doesnt pay - SR will himself be liable to extent of 50% , interest and penalty thereon.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
