Service tax notification
This query is : Resolved
kohlik63@yahoo.com
(Querist)
08 December 2012
what is the service tax notification of july 2012 for vendors as
A) Pls note that as per Service Tax Rule w.e.f. 01st July' 2012 we have to pay @ 50% of Service Tax on our Purch-Subcontract. [This is only for Proprietior or Firm ]
The format of Purchase Sub-Contract Bills should be w.e.f. 01.07.2012 :-
Net Amount 100
Service Tax @ 12.36% on Net Amt or on Labour Amt 12.36
Less: @ 50% payable by 6.18
Receiving the service
6.18
Gross Bill Amt. 106.18
B) Pls note that as per Service Tax Rule w.e.f. 01st July' 2012 we have to pay @ 75% of Service Tax on our Manpower Supply under our Inspection. [This is only for Proprietior or Firm ]
The format of Labour Bills should be w.e.f. 01.07.2012 :-
Net Amount 100
Service Tax @ 12.36% on Net Amt or on Labour Amt 12.36
Less: @ 75% payable by 9.27
Receiving the service
3.09
Gross Bill Amt. 103.09
A) Pls note that as per Service Tax Rule w.e.f. 01st July' 2012 we have to pay @ 50% of Service Tax on our Purch-Subcontract. [This is only for Proprietior or Firm ]
The format of Purchase Sub-Contract Bills should be w.e.f. 01.07.2012 :-
Net Amount 100
Service Tax @ 12.36% on Net Amt or on Labour Amt 12.36
Less: @ 50% payable by 6.18
Receiving the service
6.18
Gross Bill Amt. 106.18
B) Pls note that as per Service Tax Rule w.e.f. 01st July' 2012 we have to pay @ 75% of Service Tax on our Manpower Supply under our Inspection. [This is only for Proprietior or Firm ]
The format of Labour Bills should be w.e.f. 01.07.2012 :-
Net Amount 100
Service Tax @ 12.36% on Net Amt or on Labour Amt 12.36
Less: @ 75% payable by 9.27
Receiving the service
3.09
Gross Bill Amt. 103.09
CA CS Amit S. Kedia
(Expert)
08 December 2012
Notification No. 30/2012-Service Tax, New Delhi, the 20th June, 2012
CA CS Amit S. Kedia
(Expert)
08 December 2012
Pls also note that in case of works contract the rate of service tax is not 12.36%..
pls read following notification for rate of ST on works contract service.
Notification No. 24/2012 - Service Tax, dated 06/06/2012
pls read following notification for rate of ST on works contract service.
Notification No. 24/2012 - Service Tax, dated 06/06/2012
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