15 January 2014
Service tax shall be paid on 1000/- under partial reverse charge mechanism . It is a work contract,as it is for repair of moveable property(a.c) and there is a transfer in property of goods used in repair.Service tax shall be paid on service tax portion i.e on Rs 1000/- @ 12.36 i.e 123.6 of which 50% shall be paid by comoany and 50% shall be paid by individual.
16 January 2014
your service tax rate 12.36% is wrong effective tax rate 8.652% and company paid by 50% service tax i.e.(4.326%) please suggested as per notification No.30/2012-st date 20.06.2012
CAclubindia
