SOMEONE TELL ME IF I PROVIDE SECURITY SERVICES AND CHARGE SERVICE TAX ON THAT, AND I RECEIVE SECURITY SERVICE FROM OTHER SERVICE PROVIDER CAN I GET CREDIT ON THE PAYMENT OF SERVICE TAX....
12 January 2014
Hi Annu thanks for you reply, please clear one thing if i provide service of Rs. 112.36 (including service tax @12.36%) and received service of Rs. 56.18 (Including Service tax) than how much service tax I liable to be paid.
12 January 2014
As service provider you are liable to pay 25% i.e 3.09.(12.36*25%).whereas as service receiver you have paid 6.18(25% to service provider and 75% to government directly).you can utilize whole 6.18 input service tax credit while paying 3.09.
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