% of service tax
This query is : Resolved
26 November 2011
Dear all,
Greetings for the day. i have a query about service tax. Let i receive a invoice from vendor amounting Rs.5,00,000/- and vendor forget to charge service tax. is it my responsibility to deposit service tax on behalf of him. if yes, what is the rate? is it 10.3%. means 5,00,000/110.3*100=Rs.453,309/- so, service tax will be Rs.46,690/-.... Is it right?
Greetings for the day. i have a query about service tax. Let i receive a invoice from vendor amounting Rs.5,00,000/- and vendor forget to charge service tax. is it my responsibility to deposit service tax on behalf of him. if yes, what is the rate? is it 10.3%. means 5,00,000/110.3*100=Rs.453,309/- so, service tax will be Rs.46,690/-.... Is it right?
26 November 2011
No it is the responsibility of service provider to pay service tax except in some cases.You just pay the invoice amount.
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