Service tax on manpower
This query is : Resolved
12 February 2016
Dear All Solve ASAP
Following is the bill from the Manpower Supply Company, please suggest me the Service Tax implications.
Earned Basic - 200677.00
Earned Gross - 398178.00
Total salary - 398178.00
ESI Contribution @ 4.75%- 15937.00
EPF Contribution @ 13.61% - 27311.00
Total Labour Salary - 441426.00
Service Charges @ 10% - 39818.00
TOTAL - 481244.00
Food Deduction - 9900.00
Gross Total - 471344.00
My Question is Service Tax is to be computed on which amount..?
Regards
Arun Kumar M H
Following is the bill from the Manpower Supply Company, please suggest me the Service Tax implications.
Earned Basic - 200677.00
Earned Gross - 398178.00
Total salary - 398178.00
ESI Contribution @ 4.75%- 15937.00
EPF Contribution @ 13.61% - 27311.00
Total Labour Salary - 441426.00
Service Charges @ 10% - 39818.00
TOTAL - 481244.00
Food Deduction - 9900.00
Gross Total - 471344.00
My Question is Service Tax is to be computed on which amount..?
Regards
Arun Kumar M H
12 February 2016
The invoice from the Manpower Supply Company is for Rs.481,244/-. As per the provisions of Finance Act 1994 as amended by Finance Act 2015, in computing the value of services rendered all reimbursement of expenses (except in the case of Pure Agents) is to be added to Basic Service Value. As far as your company is concerned, it will pay the company providing Manpower Services the total sum of Rs. 481,244/- less TDS.
The Service Tax payable is 14% on Rs.481,244/- and 0.5% Swatch Bharat Cess on the same amount.
The Service Tax payable is 14% on Rs.481,244/- and 0.5% Swatch Bharat Cess on the same amount.
Message likes :
1 times
12 February 2016
Service tax on man power to be paid by service receiver under RCM. Tax to be paid on the gross amount of the bill. Rs.481244/-
Message likes :
1 times
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- Difff in ais receipts and gst turnover
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
