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Reverse charge on work contract

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09 March 2016 we are taking service for repair and maintenance of any goods. And paying service tax on 70% of total bill amount under reverse @4.9%(70*50%*14%) i.e Rs. 1000 . Total service tax amount is 2000 rs. For which amount we will take credit.

10 March 2016 You can take Rs 2000 credit - after payment to Govt



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