Service tax (rcm)
This query is : Resolved
RAVI KUNTE
(Querist)
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.
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
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- 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?
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
