Service tax on amc
This query is : Resolved
08 April 2013
Dear Sir
We are service recipient PVt Ltd Company and received the bills of AMCs (service part only) from individuals but they have not charged any service tax.
So, pls reply what rate of service tax will be applicable for us as service recipient.
Regards
Satish Kumar
We are service recipient PVt Ltd Company and received the bills of AMCs (service part only) from individuals but they have not charged any service tax.
So, pls reply what rate of service tax will be applicable for us as service recipient.
Regards
Satish Kumar
08 April 2013
You have to check the relevant contract, whether the contract of AMC covers Material along with labour.
If same is case then you are required to pay s.tax @ 6.18% under work contract (on 50% value) though service provider is not charging service tax on invoice
If same is case then you are required to pay s.tax @ 6.18% under work contract (on 50% value) though service provider is not charging service tax on invoice
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08 April 2013
Dear Sir
Contract of AMC covers only labour part.
Regards
Satish Kumar
Contract of AMC covers only labour part.
Regards
Satish Kumar
09 April 2013
Then it is liable to service tax only at the full rate i.e. 12.36%
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