Payment of service tax
This query is : Resolved
27 December 2012
Please tell me whether in case service receiver is a company and service provider is an individual..liability to pay service tax vests upon Company or Individual..??
28 December 2012
General rule is that, service provider only has to pay service tax... But in Some cases the service receiver has to pay i.e. Reverse charge ..From 1/07/2012 a new concept of part reverse charge is been introduce where in part(specified in rules) of the tax is paid by service provider and another part by the receiver.e.g. in case of Works contractor, catering service etc...so the liability to pay s.tax would depend on what type of service is been provided..
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28 December 2012
Thanks Nikhil..
In this case Building is provided on rent by Service Provider...so kindly suggest me the situation in case of Rental Service.
In this case Building is provided on rent by Service Provider...so kindly suggest me the situation in case of Rental Service.
28 December 2012
No Reverse Charge on Rental Services so 100% has to be paid by the Service Provider.
See Notification No. 30/2012-ST dated 20-06-2012.
Catering Service is not covered under Reverse Charge abatement is available up to 60%.
Thanks
See Notification No. 30/2012-ST dated 20-06-2012.
Catering Service is not covered under Reverse Charge abatement is available up to 60%.
Thanks
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29 December 2012
Thanks Sir for your valuable guidance.
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