Service tax on repair to machinery(urgent)
This query is : Resolved
Vipin Kumar Sharma
(Querist)
05 December 2012
DEAR SIR
WE ARE PVT LTD CO. & SERVICE RECEIVER WE WANT TO DEPOSIT SERVICE TAX ON MAINTAINANCE OF MACHINERY.
PLEASE TELL ME THE OUR SERVICE TAX & LIABILITY & RATE & CAN WE AVAIL CENVATE AFTER DEPOSITING THE SERVICE TAX.
SUPPSOE MAINTAINANCE CHARGES RS 100/- THAN WILL WE DEPOSIT S.TAX ON 100X12.36% OR
75X12.36%
REGARDS
WE ARE PVT LTD CO. & SERVICE RECEIVER WE WANT TO DEPOSIT SERVICE TAX ON MAINTAINANCE OF MACHINERY.
PLEASE TELL ME THE OUR SERVICE TAX & LIABILITY & RATE & CAN WE AVAIL CENVATE AFTER DEPOSITING THE SERVICE TAX.
SUPPSOE MAINTAINANCE CHARGES RS 100/- THAN WILL WE DEPOSIT S.TAX ON 100X12.36% OR
75X12.36%
REGARDS
Viral Vora
(Expert)
05 December 2012
The service tax is payable in case of these works contract on 70% of the total amount charged.
As per explanation 2 to rule 2A(ii) the provider of taxable service shall not take cenvat credit of duties or cess paid on any inputs, used in relation to works contract under the provisions of CENVAT credit rules. this rule does not prohibit availment of credit on input by service receiver.
Service tax is to be paid 50% each by service receiver and provider . Entry No.9 of Not No.30/2012
As per explanation 2 to rule 2A(ii) the provider of taxable service shall not take cenvat credit of duties or cess paid on any inputs, used in relation to works contract under the provisions of CENVAT credit rules. this rule does not prohibit availment of credit on input by service receiver.
Service tax is to be paid 50% each by service receiver and provider . Entry No.9 of Not No.30/2012
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
