Tax laibity
This query is : Resolved
21 September 2013
have a nice day, My Client on Agrement Received on Rent a Marriage home Place with serive tax, can client laibilty pay service tax. if yes, so how can calucate this (paid serive tax-received tax=Payment)
22 September 2013
Your client need to charge service tax @12.36% on the amount of rent.
Your client can take CENVAT credit of the service tax charged to him by other service providers and service tax paid by your client under RCM (for more detail refer CENVAT Rules) if the serrices received are used for providing the out put service (in this case renting the marriage place)
After adjusting the CENVAT credit your client need to pay the balance
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
Your client can take CENVAT credit of the service tax charged to him by other service providers and service tax paid by your client under RCM (for more detail refer CENVAT Rules) if the serrices received are used for providing the out put service (in this case renting the marriage place)
After adjusting the CENVAT credit your client need to pay the balance
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- ITC BENEFIT ON BROKRAGE PAID
- TDS refund Indemnity Bond
- DUE DATE FOR ITR FILING
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- GST ISD Query on various AMCs
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
