Service tax reverse charge mechanism
This query is : Open
29 April 2014
In case we get the invoice of purely labour charges from a subcontractor as subcontracting charges,i.e a material sent for some processing.
The party providing the service do not charge any service tax on it.and annual turnover with that party is around Rs.25,00,000.
In the above case Service tax reverse charge is applicable?
The party providing the service do not charge any service tax on it.and annual turnover with that party is around Rs.25,00,000.
In the above case Service tax reverse charge is applicable?
29 April 2014
Aakashji,
You are liable to service tax under reverse charge mechanism. It is independent whether they charge service tax or not.
In case you require further clarifications, feel free to get in touch
CA Vidya Jain
+919836144143
You are liable to service tax under reverse charge mechanism. It is independent whether they charge service tax or not.
In case you require further clarifications, feel free to get in touch
CA Vidya Jain
+919836144143
29 April 2014
As the invoice received by my client,invoice contains the words that " Serice Tax is not applicable ".
And is there any Threshhold limit for applicability of Reverse Charge?
What to do in such case ?
And is there any Threshhold limit for applicability of Reverse Charge?
What to do in such case ?
29 April 2014
threshold limit avail only service provider.
up to limit is rs 10 00 000/-. not liability of stax.
first u collect s tax from ur main contractor and he will take cenvat credit and u pay
up to limit is rs 10 00 000/-. not liability of stax.
first u collect s tax from ur main contractor and he will take cenvat credit and u pay
30 April 2014
Hi
Please clarify whether the invoice raised by subcontractor is towards supply of manpower or is it towards jobwork charges for material sent?
Please clarify whether the invoice raised by subcontractor is towards supply of manpower or is it towards jobwork charges for material sent?
30 April 2014
invoice rise on manpower supply can pay tax 3.09%
in case of used material and labour = transfer of property right can rise invoice as a works contractors.
in case of used material and labour = transfer of property right can rise invoice as a works contractors.
30 April 2014
Labour charges are for jobwork charges for the material sent.
30 April 2014
@ Kumar Sir,
Please can you elaborate for the 1st reply u gave ?
Please can you elaborate for the 1st reply u gave ?
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