Service tax on job work invoice
This query is : Resolved
naresh rawat
(Querist)
23 May 2014
An invoice as job work which is having description as installation charges of CCTV camera & there is no service tax claim by the vendor in bill, Can we deduct WCT on Bill Amount & what about reverse mechanism service tax on wct .
23 May 2014
1. Whether the CCTV was supplied by the same person.
2. WCT is applicable to be deducted only if you are a Govt company in most of the states
3. Unless the amount is substantial or includes material RST might not be applicable. However if supply and fixing are done by a single party then the RST will be applicable @ 70% of the invoice. It would be better if the service value is shown in the invoice separately so that RST can be paid on that alone without any abatement.
2. WCT is applicable to be deducted only if you are a Govt company in most of the states
3. Unless the amount is substantial or includes material RST might not be applicable. However if supply and fixing are done by a single party then the RST will be applicable @ 70% of the invoice. It would be better if the service value is shown in the invoice separately so that RST can be paid on that alone without any abatement.
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