31 December 2015
SIR, We have taken hiring vehicle service via tender. Service provider (individual) has ST Code and turn over>10 lac. He has issued an invoice (Claiming 50% ST liability on his part) as under:-
Base Amt = 18000 ST 7% = 1260 SBC.25% = 45 ________________ Total Rs. = 19305/-
Now do we need to pay 50% Service Tax to ST Authority after payment of this bill ? How much ST, the service provider will have to pay ?
01 January 2016
If you are a body corporate registered as business entity then you have to pay 50% service tax to ST authority and service provider will pay the same amount to st authority
02 January 2016
NO you dont need such declaration as you can avail cenvat credit of st payment to service provider if you made the payment of his services within3 months
CAclubindia
