Service tax on contractors & sub-contractors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2012
Dear Sir please clarify the service tax implication in the situation given under,
Mr.A,Contractor,and Mr.B,contractee, entered in a contract of work for Rs.20,00,000/-. Mr.A gives a sub contract for the same to Mr.C,sub contractor, for Rs.15,00,000/-.and remitted service tax(on 15 lakhs).
clarify that whether Mr.A should have charged ST on the bill given to Mr.B for the full amount(ie 20lakhs) or the balance amount(20lakhs less 15 lakhs)
Mr.A,Contractor,and Mr.B,contractee, entered in a contract of work for Rs.20,00,000/-. Mr.A gives a sub contract for the same to Mr.C,sub contractor, for Rs.15,00,000/-.and remitted service tax(on 15 lakhs).
clarify that whether Mr.A should have charged ST on the bill given to Mr.B for the full amount(ie 20lakhs) or the balance amount(20lakhs less 15 lakhs)
Guest
Guest
(Expert)
05 September 2012
Mr A should charge service tax on Rs. 20.00 lakhs and claim CENVAT credit on Rs. 15.00 bill raised by Mr. C.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
