Treatment of service tax
This query is : Resolved
24 November 2012
a company is providing rent a cab services but from july 2012 a notification has come into force that service provider will not collect service tax.tax will be deposited by service receiver.
so kindly clear the concept of treatment whether is it input tax or output tax.
so kindly clear the concept of treatment whether is it input tax or output tax.
24 November 2012
If the service provider is an individual, HUF or firm then reverse charge is applicable and the liability is shifted onto the service recipient.
Accordingly, the service provider will NOT charge service tax in his invoice. The service tax shall be deposited by the service recipient.
However, in this case the service provider is a company and accordingly the liability is on the company only.
Accordingly, the service provider will NOT charge service tax in his invoice. The service tax shall be deposited by the service recipient.
However, in this case the service provider is a company and accordingly the liability is on the company only.
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
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- FCRA 6 E- Intimation
- Resigning a auditor from the company for misconduct
- Filling ITR - U
- TDS ON EMAIL DOMAIN SERVICE BILL
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
