Service tax reverse mechanism

This query is : Resolved

HARSHIT JAIN (Querist)
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24 December 2012 sir,
i want to know that in case of service with partial reverse mechanism like in case of security service the service provider will have to show full service tax amount in his invoice or he has to show only that part of service tax that he has to collect and pay. suppose gross service is of Rs 100 and service tax(100%) is 12Rs than total invoice amt will be 100+3(12*25%) or 100+12=112Rs. briefly explain the layout of invoice.

Jayant Bothra

Jayant Bothra (Expert)
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24 December 2012 If the service is provided by an individual, HUF, partnership firm to a body corporate then the service provider will pay service tax on 25% of the value and rest will be discharged by the body corporate. So. supposingly if the value of service provided is Rs. 100/- then service provider will shown his liablity on the invoice i.e. 100 X 25% = RS. 25 X 12.36% = 3.09. Therefore the amount on invoice will be Rs 100 + 3.09(ST) = 103.09/-

Regds

CA JAYANT BOTHRA
M: 9873-626-020

HARSHIT JAIN

HARSHIT JAIN (Querist)
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24 December 2012 Thanx sir....

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