Service tax
This query is : Resolved
01 August 2012
A WORK CONTRACT ORDER OF FURNITURE FROM LIMITED COMPANY RECIEVED BY FURNITURE MAKER HAVING VAT TIN NO & SERVICTAX NO HOW TO CALCULATE THE SERVICE TAX AND WHAT WILL BE THE TAX LIABILITY OF SERVICE TAX IF BILL AMOUNT OF RS 50,000/.
PLEASE EXPLAIN WITH EXAMPLE OF CALCULATION UNDER FIRST RULE & SECOND RULE BOTH & WHETHER
TAX LIABILTY WILL BE SHARED BY BOTH SERVICE PROVIDER & SERVICE RECIEVABLE AS PER NEW AMBENTMENT FOR 1 JULY 2012
PLEASE EXPLAIN WITH EXAMPLE OF CALCULATION UNDER FIRST RULE & SECOND RULE BOTH & WHETHER
TAX LIABILTY WILL BE SHARED BY BOTH SERVICE PROVIDER & SERVICE RECIEVABLE AS PER NEW AMBENTMENT FOR 1 JULY 2012
02 August 2012
The Value of material transferred if available then on that VAT would be paidon the balance service tax would be paid.
If not available then on 40% ST wouldbe paid.
If SP is indivdiual firm etc then he needs topay 50% of the ST liability and the reciver of the service being a body corporate would pay the balance 50%.
If SP is not specified then liable to pay 100%
Read an articleor book for comprehensive understanding.
If not available then on 40% ST wouldbe paid.
If SP is indivdiual firm etc then he needs topay 50% of the ST liability and the reciver of the service being a body corporate would pay the balance 50%.
If SP is not specified then liable to pay 100%
Read an articleor book for comprehensive understanding.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
