Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2014 Sir,
My Uncle is an Engineer and consultant.
He recently got a Govt. contract (for consultancy). He now wants to sub contract the same contract. What will be the service tax procedures regarding Govt. billing and sub-contractors billing? How will he get service tax credit/refund? please help in this regard with related documents.

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
Follow

19 March 2014 the Service tax is required to be charged as there is no exemption.

First ST registration to be obtained if the value taxable service exceeds Rs 10 lakhs, and even the subcontractor has to take the registration if his taxable service exceeds Rs 10 lakhs.

The ST charged by the Subcontractor will be input for the main contractor.

calculation formula as follows

Amount billed to Govt * 12.36% ****
(-) St paid to Subcontractor ****
Balance tax payable ***

The tax is to be laid in GAR 7 challan

and Half yearly ST-3 return to be filed

for more information and clarification
contact ,e @ rkb@icai.org

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Nikhil Vyas

Navneet Pratap Singh

Rajesh Surapaneni

arya yashu

Amit

Subscribe Now

Service tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Senior Executive

GST CONSULTANCY

Manager- Finance and Compliance

Accountant