Hi, Good Morning to all experts.
Mr. A is a proprietor of XYZ Enterprises, by nature labour contractor for shuttering work, but he has opted service tax no very late and registered with work contract category, and asking his builders to provide service tax for A.Y.12-13, & A.Y.13-14, the good thing is that, all builders are ready to pay service tax, but the question is what would be the % of tax liabilities of him, some builders are corporate I mean limited and some of them are proprietorship.
And here the important thing is Mr. A. has not issued any bill to them, all payment he has received as advance.
My question is, does he need to collect 100% tax I mean 12.36% on each and every advance amount, or he can follow notification 30/2012 no.8, I mean 25% .
Please reply soon.
CAclubindia
