Service tax liability on paint work
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
Dear Sir,
I Received a Bill of Rs. 61,600/- for paint work in our company, and the vendor give the Bill without any service tax, as he does not have any service tax no. should I have to pay service tax under reverse charge?????
Thanks
Tarun Sharma
I Received a Bill of Rs. 61,600/- for paint work in our company, and the vendor give the Bill without any service tax, as he does not have any service tax no. should I have to pay service tax under reverse charge?????
Thanks
Tarun Sharma
16 July 2014
It is treated as Work-contract Service and your situation seems that reversecharge mechanism applicable
.
.
so whether your service provider charges service tax on his bill or not you have to discharge your part of liability
.
.
Hence for work-contract service ,50% of service tax liability is to be born by service receiver and he have to pay directly to department vide GAR-7 under his service tax registration number
.
.
so whether your service provider charges service tax on his bill or not you have to discharge your part of liability
.
.
Hence for work-contract service ,50% of service tax liability is to be born by service receiver and he have to pay directly to department vide GAR-7 under his service tax registration number
16 July 2014
In your Case taxable portion is 70%
.
.
Hence your liability under RCM on bill of 61600 is
.
.
=61600*70%*50%=(Amount payable)
.
.
.
.
Hence your liability under RCM on bill of 61600 is
.
.
=61600*70%*50%=(Amount payable)
.
.
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