I had register under Works contract in service tax & I had recd recd Rs. 75000 in our bank how much ST I have to Pay in which head & Ed. Cess & Sec Hghr Ed. cess should shown separately or inclusive.
Menu
St on labour contractor firm
Replies (2)
Hii,
In the year of registration you are liable for ST, only if your turnover exceeds Rs. 10 lacs.If you have registered before April, 2013 you are liable to pay ST on this amount.If you are only a labour contractor, supply of man power is not a works contract, hence you are liable to pay ST at 12, Ed Cess at 2% and H cess at 1%. If your turnover includes value of material and labour you are a works contractor. So you are liable to pay ST at 12.36% on 40% of Rs. 75,000/- if there is no reverse charge.
Hii
In addition to above if you are not collecting ST seperately you can show the above amount is inclusive of ST.
Recent Topics :
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
Related Topics :
CAclubindia
