Reverse charge mechanism
This query is : Resolved
27 August 2012
Anyone please tell me, What is service tax rate for Advertising Agency. I think it is 1.32%. Whether service receiver is liable to pay ST, if service provider collect ST @ 1.32%.
Thanks in Advance.
Thanks in Advance.
27 August 2012
Dear Sivasalapathy,
Service Tax rate for Advertising agency is the standard rate of 12.36%.
Now there is no abatement on the same.(notification no 26/2012)
reverse charge is not applicable in this case (notification no. 30/2012)
Service Tax rate for Advertising agency is the standard rate of 12.36%.
Now there is no abatement on the same.(notification no 26/2012)
reverse charge is not applicable in this case (notification no. 30/2012)
27 August 2012
But in my office one advertising agency collected from us @1.32%. And they have not mentioned their ST no. in invoice.Whether we have to pay ST.
27 August 2012
If the ST no not mentioned in the invoice then you can very well deduct from the final payment..
27 August 2012
On several occasions it has been seen that people are collecting service tax and they even do not possess a registration no.
They are either doing this on ignorance or willingly.
Look into the matter accordingly...
Earlier there was abatement on advertising agency, but now there is no such abatement, hence standard rates apply.
They are either doing this on ignorance or willingly.
Look into the matter accordingly...
Earlier there was abatement on advertising agency, but now there is no such abatement, hence standard rates apply.
27 August 2012
Thank You verymuch VINEET Roongta & OBULIRAJAN R.
28 August 2012
you reply (thank) by clicking the thank user..
31 August 2012
I know Mr.Obulirajan. But this link is not displayed in my brouser.Once again thanks....
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