Tax liability

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HARISH (Querist)
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05 July 2012 I am working in a BPO call Center, one of our transporter not charging service tax with us,and his monthly bill about 8 lac we have any tax liability or we should keep it continue.
right now we are just deducting TDS and making payment.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 July 2012 In case of a transporter the service recipient is liable to pay service tax under reverse charge mechanism.

Accordingly the company has to deposit the service tax.

HARISH

HARISH (Querist)
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09 July 2012 Dear Expert

If i should dedcut from vendor A/c and deposit the service tax what is its tax %.

Pls reply

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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09 July 2012 Firstly, you will NOT deduct from the vendor account.

Service tax has to be paid OVER AND ABOVE the bill amount.

It is to be borne by the service recipient.

Service tax will be calculated as under:

Freight charges*25%*12.36%

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