Effect on revers tax
This query is : Resolved
04 March 2015
hi, i would like to know what will be effect on reverse service tax. we pay reverse service tax on the transport facilities which we use for employees.
05 March 2015
You will have to pay service tax under reverse charge by bank. You cannot use cenvat for this purpose. After payment of service tax under reverse charge, you can avail the cenvat of the service tax paid under reverse charge subject to fulfilment of the condition that the service falls under the definition of input service for you.
Trust this clarifies!
Trust this clarifies!
05 March 2015
thanks Tapas. i want to know what will be the rate after changes in service tax in new budget
05 March 2015
Currently - while 12.36% rate is in effect - effective rate for GTA= 3.708
And after the 12.5% is notified - 3.75%
And after the 12.5% is notified - 3.75%
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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
