Menu
Service tax rcm
Dear sir,
When Service receiver should pay service in case of the Service receiver has paid advance to service provider for a works contract (Installation of electrical fittings)?
Replies (3)
Hey,In this case,the point of taxation under reverse charge mechanism is the date of advance payment itself, hence the service receiver would be liable to pay ST reverse charge on that value of payment according to the date of advance payment itself.
| Originally posted by : Divya Barathi | ||
 |
Hey,In this case,the point of taxation under reverse charge mechanism is the date of advance payment itself, hence the service receiver would be liable to pay ST reverse charge on that value of payment according to the date of advance payment itself. |
 |
Agreed with Divya...
In the above query how do we bifurcate Value of Material and labour portion to Calculate RCM
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
