09 September 2014
Please advise the same Under reverse charges mechanism = Man Power Supply Service tax should be paid : 100% = receiver liability = 75% Provider liability = 25% Presentation in Service Tax Return 1. RECEIVER = 100% Receiver will claimed by ITC (25% ) Bill Amount 100.00 Service Tax: 3.09 (12.50 *25% = 3.09) Total Bill 103.09 2.Receiver will Paid by challan (75%) Paid by Challan Rs. 9.27 (12.50*75% =9.27) 2. PROVIDER = 100% 1.Provider will Paid challan (25%) Paid by Challan Rs.3.09 (12.50*25% =3.09) 2. Provider will claim Cenvat Credit of : 75% Paid by receiver by Challan Rs. 9.27 (12.50*75% =9.27)
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