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
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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
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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
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