St on reimbursement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2015
Dear experts,
Plz clarify the ST applicability on reimbursement of exp. Incurred by contractor.....
Regard
Mohit sahu
Plz clarify the ST applicability on reimbursement of exp. Incurred by contractor.....
Regard
Mohit sahu
21 November 2015
Service Tax has to be charged on reimbursement of expenses also.
IN the Finance Bill 2015, the Explanation to Section 67 - Clause (a) has been substituted. As per the new amendment, all reimbursement expenses incurred by the service provider, have to be included in the consideration.
The amendment is as below:
'(a) "Consideration” includes–
(i) any amount that is payable for the taxable services provided or to be provided;
(ii) any reimbursable expenditure or cost incurred by the service provider and charged, in the course of providing or agreeing to provide a taxable service, except in such circumstances, and subject to such conditions, as may be prescribed;
(iii) ............................................'
IN the Finance Bill 2015, the Explanation to Section 67 - Clause (a) has been substituted. As per the new amendment, all reimbursement expenses incurred by the service provider, have to be included in the consideration.
The amendment is as below:
'(a) "Consideration” includes–
(i) any amount that is payable for the taxable services provided or to be provided;
(ii) any reimbursable expenditure or cost incurred by the service provider and charged, in the course of providing or agreeing to provide a taxable service, except in such circumstances, and subject to such conditions, as may be prescribed;
(iii) ............................................'
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