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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
