Works contract service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2015
I received 2 invoices for payment processing...both are seprate..one is for Material received at site in which VAT is Charged on Goods..Second invoice is for labour chgs also includes amount of service tax @ 12.36%.Nature of bills are of AMC Work.
My query is whether it will be covered under reverse charge mechanism for deduction of Service tax to be deposited by receiver in propotion of 50%
My query is whether it will be covered under reverse charge mechanism for deduction of Service tax to be deposited by receiver in propotion of 50%
17 April 2015
If service provider is (i)any individual(ii) HUF(iii) Proprietary firm(iv) Partnership firm(v) Association of Persons located in the taxable territory and you are a company, then you are liable to pay 50% service tax under reverse charge.
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