Work contract service

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2012 We are currently registered under Business Auxiliary Services.
We have raise bill in month of Oct where we have charged service tax @12.36%
But we get payment only 50% of service tax as the client told us that balance liability is ours from July 2012 since bill involve material and labour both and fall in category Work contract.
Now our question is :
1. Whether we have to amend our existing registration certificate as it includes Business auxiliary service only.
2. Whether the invoice raised should be changed. if yes how we have to show the liability of service receiver.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
Follow

19 November 2012 1. Yes it is a safe option now to amend the Certificate as now there is a Single Service "Service Other than in Negative List.".

2. You dont have to show the liability of the Service Receiver. You just have to show your liability in your invoice.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2012 Thanks sir
But my question is whether we should change our invoice raised.
and how to raise the invoice in future. provide me the sample invoice.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
Follow

19 November 2012 Yes you have to change it.

And no special changes.

Just Charge service tax as 12.36 * 50%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now