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Reverse charge mechanism

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(Querist)
25 March 2014 in case of GTA.Reverse charge liablity value of invoice is 40000 rs. and late payment charge deducted by company is 3000 rs. now the question is on what amount service tax is to be deposited by the company under reverse charge mechanism???
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
25 March 2014 Recipient will pay the service tax @ of 12.36 after abatement value. Abatement is 75%.
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RAJAT JASUJA

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RAJAT JASUJA (Querist)
25 March 2014 SIR,I Know it is but my question is reverse charge is either on 37000 or 40000 rs??
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
25 March 2014 If company is deducted of rs. 3000 then assessable value will be count of Rs. 37000/-.

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