If a vendor is not a authorised vendor in Service Tax(not having S Tax Code)and when he supply materials and with labour he submit a bill to a company. What should the company do that mean what is the Service Tax implications here in that particular bill before releasing his bill.
19 April 2013
ITS COMES UNDER WORK CONTRACT, CO. IS LIABLE TO PAY TAX ON 50% PORTION, WHETHER THE PROVIDER IS REGISTERED OR NOT. THOUGH COMPANY CAN NOT TAKE THE CREDIT IF THE PROVIDER IS NOT REGISTERED AS THE INVOICE GIVEN BY HIM WOULD NOT BE SUFFICIENT DOCUMENT FOR TAKING CCR.
CAclubindia
