Service tax liability on service receiver
This query is : Resolved
30 August 2013
Dear Sir,
We are receiving the services of vehicle hiring.
The invoice value for the same is say, Rs. 100
As a service receiver what is the amount of service tax we are liable to pay. Please also provide the respective notification no. and Sl. no. under which it will be covered.
Thanks
Swati
We are receiving the services of vehicle hiring.
The invoice value for the same is say, Rs. 100
As a service receiver what is the amount of service tax we are liable to pay. Please also provide the respective notification no. and Sl. no. under which it will be covered.
Thanks
Swati
30 August 2013
Relevent Notification no. is 026/2012-ST for Abatement and also refer notification no. 30/2012-ST for 60-40 ratio for Service provider and Service receiver respectively.
If service provider has availed abatement then;
Rs. 100*40%*12.36%= Rs. 4.94
If service provider has availed abatement then;
Rs. 100*40%*12.36%= Rs. 4.94
30 August 2013
Thanks Sir,
If we are not aware that whether the service provider has availed abatement or not, then as a service receiver what is the service tax liability in said example
If we are not aware that whether the service provider has availed abatement or not, then as a service receiver what is the service tax liability in said example
30 August 2013
You will have to check the bill whether they have charged service tax or not.
If not, then it is abated value.
If they have charged and not shown the abatement then apply the abatement procedure.
If not, then it is abated value.
If they have charged and not shown the abatement then apply the abatement procedure.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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 ?
Trending Online Classes
CAclubindia
