Tax reduced 6%
This query is : Resolved
sathish kumar.j
(Querist)
04 February 2013
The service tax from 12.36% has been reduced to 6.18%, where as the balance 6.18% has to be paid by the Purchaser. Kinly explain
Amol S Joglekar
(Expert)
04 February 2013
This is in the case of reverse charge mechanism. https://www.servicetax.gov.in/servtax_notfns_idx.htm
CA Prashant Gupta
(Expert)
04 February 2013
this is only in case of reverse charge.
but purchaser??
I take it means receiver of services.
Yes, half will be paid by service receiver. but it is different in different cases.
it is not like service taxi is reduced. Service tax is same but paying liablity comes to receiver also
but purchaser??
I take it means receiver of services.
Yes, half will be paid by service receiver. but it is different in different cases.
it is not like service taxi is reduced. Service tax is same but paying liablity comes to receiver also
Amol S Joglekar
(Expert)
05 February 2013
in respect of services provided or agreed to be provided in service portion in execution of works contract
service provider 50 % and service receiver 50%
service provider 50 % and service receiver 50%
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