Service tax payment under rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2015
Dear expert
the contractee has given the bill for wct he has charged 50% ST in bill but the service recipient is availing ST exemption limit, does recipient is liable to pay 50% ST or not, if yes can he avail ST input after paying 50% ST.
plz reply.
the contractee has given the bill for wct he has charged 50% ST in bill but the service recipient is availing ST exemption limit, does recipient is liable to pay 50% ST or not, if yes can he avail ST input after paying 50% ST.
plz reply.
21 March 2015
In partial reverse charge mechanism there is no exemption limit. If the service receiver is company or body corporate even though their service turnover do not exceed 10 lakhs in the preceeding year or current year, they need to pay ST on RCM for 50% of taxable value.casrinivasantry@gmail.com
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
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- NRI starting business in India
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
