Works contract

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2013 Hi Everyone,

Am new to this site, can anybody tell me how to calculate tax for works contract as per the below details.

Comapany A - Service Provider ( Partnership Firm)
Company B - Service Receiver ( company)

How to raise a bill for works contract under reverse charge mechanism.

Please help me with calculations.
Basic value 100000

Rupesh Jain

Rupesh Jain (Expert)
Follow

19 June 2013 r/sir

reverse system are not applicable service receiver is other than a company.

Message likes : 1 times

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

19 June 2013 Reverse charge not applicable..

In case of work contract reverse charge is applicable only if service receiver is "business entity registered as body corporate"

total service tax applicable can be claimed in your bill only

Thanks & regards
Ganesh babu k

Message likes : 1 times

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