Service tax under reverse charge

Thank you for all the replies.

So in my case, since installation charges is separately given, service tax payable = 2000*0.1236*50%= 124/-

if bifurcation of material and service(ie., installation charges) not given separately, service tax payable = 52000*0.6*0.1236*50% = 1928/-

Are the above calculations right....

 

Originally posted by : Guddi
Thank you for all the replies.

So in my case, since installation charges is separately given, service tax payable = 2000*0.1236*50%= 124/-

if bifurcation of material and service(ie., installation charges) not given separately, service tax payable = 52000*0.6*0.1236*50% = 1928/-

Are the above calculations right....

 

Correct.

We are company providing Ad services. Can we taken input credit of the same then....

Originally posted by : Guddi
We are company providing Ad services. Can we taken input credit of the same then....

It depends on the nature of input services(electrical installation in your case). If the input service is used by your company for providing output service(ad service in your case) then input credit is allowed. Also, input service used in relation to modernisation, renovation or repair of premises or office of your company is eligible for input credit. Input services used for construction of building or civil structure is not eligible for input credit.

thanks for sharing it sir

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