New service tax ammendment.
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2012
As per new service tax rule w.e.from July 2012 Service tax applicable on services are to be paid by service provider and the principle company( service taker) as per classification of services. Now how the service provider will issue a service tax bill, whether the percentage what he is actually paying or full service tax in his bill(for example 12.36%) and what is the responsibility of the Company.
CA Suresh Jain
(Expert)
15 August 2012
Service provider should charge and raise the bill only for service tax payable by him.
The service tax portion payable by the recipient as per reverse charge mechanism shall be liability of the Company
The service tax portion payable by the recipient as per reverse charge mechanism shall be liability of the Company
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
- GSTR9 Annual Return
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Import of Capital Machine
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
