can anyone plz guide me, we are a service recepient of Labour contract ..
our Labour Suppliers claim the service tax 100%...
we are based on the invoice Claim the Cenvat Credit .
recent service tax amendments says service receiver 75% and service proveider 25%.
which one we fallowed ?
plz reply asap
thanks
@ Murthy, the 75% and 25% rule applies provided you are a Pvt Ltd co and the service provider is an individual etc. If the above is true, then your labour supplier need to amend his bills as per the new rules for manpower from July and for security services from august of 2012.
Regards
Anandan.s
O P Bagla & Co LLP
New Delhi
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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