10 September 2014
Yes you are correct it's Rs. 74.16 Service tax payable.
Service tax payable by service provider who is Individual or HUF or partnership firm and service provided to body corporate then 60 % of Service tax shall be collected through bill i.e., 7.416%
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 September 2014
someone give that point 1. When the service provider has not availed any cenvat credit, i.e. when abatement is available, then the service tax is payable @ 4.944% either by provider or receiver depending of applicability of Reversr Charge Machnism. 2. When the service provider has availed any cenvat credit, i.e. when abatement is not available, then the total service tax is payable @ 12.36% by provider or jointly with receiver depending of applicability of RCM. 3. As far as service receiver is concerned, he shall pay @ 4.944% only, irrespective of abatement, only when RCM is applicable. -
CAclubindia
