Reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2014
If an entity liable to pay tax under reverse charge suppose in case of works contract, where receiver liability is 3.708% or 4.326%, if service provider charges ST @ 12.36% in the invoice. Then will the liability of service receiver be the same i.e. 3.708% or 4.236% or it will be 6.18% i.e. half of 12.36%?
03 October 2014
Service recipient can value work contract service irrespective of what valued by service privider..Apply Rule 2A of STDOV Rules 2006...
03 October 2014
Service recipient can value work contract service irrespective of what valued by service privider..Apply Rule 2A of STDOV Rules 2006...
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