Subcontracting
This query is : Resolved
Subodh Kumar Goel
(Querist)
23 April 2014
If for example Mr X receives a contract for map designing of Rs. 10,00,000.00 on which he has paid service tax @12.36%. He has sub contracted the said work of Rs. 5,00,000.00 to Mr Y. Is Mr. Y liable to pay service tax on rs. 5,00,000.00 as Mr. X has paid service tax on full amount.
Secondly, if Mr. y is not liable to pay service tax on same whether the said amount will be included in the service tax return
Secondly, if Mr. y is not liable to pay service tax on same whether the said amount will be included in the service tax return
Rupesh Jain
(Expert)
23 April 2014
yes service tax will pay by MR. y if his gross sale/receipts exceeds rs. ten lacs in year. and Mr x can take credit for the same.
other wise MR. X not show the bill of Mr Y in his return.
other wise MR. X not show the bill of Mr Y in his return.
Subodh Kumar Goel
(Querist)
23 April 2014
Is Service Tax chargeable on Sub Consultant appointed by main consulting engineer? if no then the Sub Consultant has to file Service tax return or not
24 April 2014
SUB CONTRACTOR EXCEEDING RS 10 LACS HE CAN PAY AND FILE STAX RETURNS
OTHER WISE NOT EXCEEDING 10 LACS NOT REQUIRED S TAX & RETURNS.
MR Y EXCEED 10 LACS PAY STAX AND FILE ST3 RETURNS?
MR X CAN GIVE S TAX TO Y AND TAKE CREDIT FOR Y PAID S TAX AS A CENVAT CREDIT.
OTHER WISE NOT EXCEEDING 10 LACS NOT REQUIRED S TAX & RETURNS.
MR Y EXCEED 10 LACS PAY STAX AND FILE ST3 RETURNS?
MR X CAN GIVE S TAX TO Y AND TAKE CREDIT FOR Y PAID S TAX AS A CENVAT CREDIT.
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