Service tax accounting
This query is : Resolved
04 July 2013
in case of unregistered service provider, a company need to pay service tax on the basis of 12.36% of (25% of invoice value), but to provide for the liability in book what entry to be pass?
04 July 2013
There is no such provision. Please tell ur query with all details.
05 July 2013
my query is-
if a company having registration under service tax act avail any service from the service provider who is not a holder of service tax regn no, then the company need to pay 12.36% of (25% of the total invoice value raised by unregistered service provider), then how the accounting to be done by the company in its books.
if a company having registration under service tax act avail any service from the service provider who is not a holder of service tax regn no, then the company need to pay 12.36% of (25% of the total invoice value raised by unregistered service provider), then how the accounting to be done by the company in its books.
05 July 2013
There is no provision like this in Act. Kindly tell the nature of service than i might be able to answer your query.
Under reverse charge ST is required to be paid by service recipient under transportation of goods by road service at 25% as there is abatement of 75%.(Service recipient should be specified person as mentioned under Rule 2(d) of Service tax rules 1994.
Under reverse charge ST is required to be paid by service recipient under transportation of goods by road service at 25% as there is abatement of 75%.(Service recipient should be specified person as mentioned under Rule 2(d) of Service tax rules 1994.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
