Service tax computation at inclusive method

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Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2014 My Service is Work Contract (Partial Reverse charges is applicable),Tax Rate is 4.95%(12.36*40%),Taxable Service is RS 10000.But service Tax is not collected from Service Receiver.How much amount I need to pay Govt as Service Tax?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 September 2014 When service tax is not shown separately in invoice, sums collected by the assessee should be regarded as cum-tax and service tax is to be determined by back calculations.
By back working pay only partial reverse charge.

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 sir what about in case received as advance?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 September 2014 Raise invoice adjust advance and pay tax.

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