We are, partnership firm, providing manpower to various firms & companies. Our clients vary from small ownership firm to corporates.
How to we charge service tax to our clients. Whether it is 12% for all or 3% for corporates and 12% for ownership firms.
Please clarify.
Thanks in Advance
When you provide service to corporates you charge service tax @ 25% of 12.36%. Balance 75% will be payable by receiver of service. In other cases you charge 12.36%.This is reverse charge mechanism.
Thanks,
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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