Service tax (rcm)
This query is : Resolved
04 March 2014
sir my client started a new man power supply agencies at time of billing for pvt. ltd co. the liability of service tax is 3.09% but billing to other than Companies the liability of service tax is 12.36% or 3.09%......?
04 March 2014
1. If service is provided BY an individual, HUF or partnership firm
TO a COMPANY then reverse charge is applicable.
In that case service tax liability will be borne as under:
Service provider - 25% (3.09%)
Service recipient - 75% (9.27%)
2. If service is provided to any other person then 100% liability is on the service PROVIDER. So you will charge full 12.36% in the invoice.
TO a COMPANY then reverse charge is applicable.
In that case service tax liability will be borne as under:
Service provider - 25% (3.09%)
Service recipient - 75% (9.27%)
2. If service is provided to any other person then 100% liability is on the service PROVIDER. So you will charge full 12.36% in the invoice.
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