Works contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2014
sir, we are a pvt ltd co. and the service receiver. The service Provider has raised a bill on us mentioning the following details.
Final bill for Interior Designing & Decoration of your showroom covering
display showcases, counters, pillars, floorings, walls,offices, toilets, pantry, outside signage with ACP covering, staircase,glass doors, etc. including supply of vault door,lift, Blue Star make 17T ductable air-conditioners, CCTV
system, Sonodyne sound system, EPABX system, biometric attendance recording system, total electrical fittings & fixtures, etc. ........Rs..........
less advance recd....... Balance Rs.....
sir whether service tax for the above invoice is applicable on Service Receiver under Reverse scheme and if applicable at
what Rates .May we treat the entier expence as Repairs and Maint. a/c.or should we capitalised the said amount.
Final bill for Interior Designing & Decoration of your showroom covering
display showcases, counters, pillars, floorings, walls,offices, toilets, pantry, outside signage with ACP covering, staircase,glass doors, etc. including supply of vault door,lift, Blue Star make 17T ductable air-conditioners, CCTV
system, Sonodyne sound system, EPABX system, biometric attendance recording system, total electrical fittings & fixtures, etc. ........Rs..........
less advance recd....... Balance Rs.....
sir whether service tax for the above invoice is applicable on Service Receiver under Reverse scheme and if applicable at
what Rates .May we treat the entier expence as Repairs and Maint. a/c.or should we capitalised the said amount.
21 November 2014
Service tax for the invoice is applicable at 40% being original work. 50% service tax is payable by you under reverse charge.
As most of the work are new work capitalize it.
As most of the work are new work capitalize it.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- U/s 44AD of Income tax
- Difference in tax comparison report
- ITR 1: Details for showing Exempt Income
- 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
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
