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Notification no. 30/2012

This query is : Resolved 
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2012
Please ask the executive in Faxonic that there is no conflict regarding abatement rate of 70% of S.Tax but the Service tax calculated at their end, 50% WILL BE DEPOSITED by them and 50% to be deposited by WCPL to department AS PER Reverse Charge Mechanism Applicable on Works Contract.

The bill need to be revised and service tax charged by them should be Rs. 38.36 only.

Gross amount : Rs. 886.90
Service Tax : Rs. 38.36
[886.90*70%*12.36%*50%]
Vat: Rs. 66.52
Total: Rs. 991.78
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CA Sahil Singla..

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CA Sahil Singla.. (Expert)
01 November 2012 Please clear the query

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