Work contract
This query is : Resolved
24 July 2014
for servise receiver reverce charge is applicable on work contract only when vat/slaes tax is charged in bill for material. what if vat/sales tax not charged by servise provider becouse he is not registered so still reverse charge needs to creat?
25 July 2014
If he does service along with purchase of material by him only
.
.
whether he charge vat in his bill or not it is works contract and RCM applicable
.
.
whether he charge vat in his bill or not it is works contract and RCM applicable
Message likes :
1 times
21 February 2015
sir please clarify one more doubt if in bill servise amount and material amount is mentione separately then RCM apply as servise amount*12.36%*50% to servise provider? and 50 % to service receiver am i correct
21 February 2015
Yes.if RCM applicable servicetax applicable @6.18%(50% of 12.36) for service provider and service receiver
Message likes :
1 times
21 February 2015
sir RCM apllicable or not in such case of bill is mentioned servise amount & materail amount separately
23 February 2015
If you have availed work contract service RCM applicable.
Pattern of Bill does not give relaxation from RCM liability.
If you don't want to pay RCM service tax do transactions only with Business enitty registered as body corporate(LLP & PVT LTD,LTD).Where service provider is responsible for 100% of service tax
Pattern of Bill does not give relaxation from RCM liability.
If you don't want to pay RCM service tax do transactions only with Business enitty registered as body corporate(LLP & PVT LTD,LTD).Where service provider is responsible for 100% of service tax
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
