Service tax
This query is : Resolved
Sankar Chakraborty
(Querist)
07 January 2014
IS 10.00 LAC EXEMPTION APPLICABLE ON RCM ?
A PVT LTD COMPANY (PLASTIC GOODS MANUFACTURING FACTORY) ANNUAL TURNOVER 30.00 CRORE ----RCM IS APPLICABLE ON THE SAID PVT LTD COMPANY ??
AND WHO IS BODY CORPORATE ?
PLEASE GUIDE
A PVT LTD COMPANY (PLASTIC GOODS MANUFACTURING FACTORY) ANNUAL TURNOVER 30.00 CRORE ----RCM IS APPLICABLE ON THE SAID PVT LTD COMPANY ??
AND WHO IS BODY CORPORATE ?
PLEASE GUIDE
Ganeshbabu K
(Expert)
09 January 2014
private limited company and limited company and partnership registered as LLP is body corporate
.
.
note that normal partnership is not a body corporate
.
.
note that normal partnership is not a body corporate
Ganeshbabu K
(Expert)
09 January 2014
service receiver cannot avail SSI exemption under RCM
.
.
ex: individual provides manpower supply bill and his total turnover not exceeded 10 lakhs and company who received service also not exceeded 10 laks
.
.
but here service provider can take SSI exemption and dont need to charge anything in invoice
.
.
where as service receiver cannot avail this and mandatorily required to pay its part of service ta which is 25% directly to department
.
.
ex: individual provides manpower supply bill and his total turnover not exceeded 10 lakhs and company who received service also not exceeded 10 laks
.
.
but here service provider can take SSI exemption and dont need to charge anything in invoice
.
.
where as service receiver cannot avail this and mandatorily required to pay its part of service ta which is 25% directly to department
Ganeshbabu K
(Expert)
09 January 2014
Refer below article for more
.
.
https://taxguru.in/service-tax/service-tax-reverse-mechanism-ssi-exemption-benefit.html
.
.
https://taxguru.in/service-tax/service-tax-reverse-mechanism-ssi-exemption-benefit.html
Sankar Chakraborty
(Querist)
09 January 2014
what is the full form of SSI in your reply
please make me understand
please make me understand
24 July 2025
Small Scale Industry (SSI) exemption.
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