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.
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
(Expert)
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
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
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