If you are a Proprietorship firm/partnership firm and your client is a body corporate/company then the rates given by you are correct. otherwise all rates would be 12.36%
thanks for your quick reply. Our Firm is Partnership. If Plt. Ltd. then tax rate will change? Please reply. your co-operation will be highly appreciated.
28 November 2012
THe tax will change only in case Service receiver is a Compnany and that too in case of Manpower supply. If receiver is company, then pay tax on 25% value @ 12.36%. Otherwise pay 12.36% on 100% Invoice
Thanks for your reply. but i have one more query. suppose Pvt. Ltd. Company raise invoice to other Pvt. Ltd. company then tax rate is 12.36% Service type is "Software Service" 2nd is query is If Company Received service from Individual then company liable to pay service tax 75%? but individual turnover less then 10Lakh.
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