Dear experts i have some quires below :
1. A Co. is in manufacturing contract with B.co. a gives service tax invoice to B for expenses and conversion cost. what will be new percentage of service tax for A & B?
2 If any service provided in the month of June-12 and invoice raise on july 1st week. A have to charge service tax from B as per new notifications?
3. A hires casual manpower from labor contractor. what will be new percentage of service tax between A and Labor contractors if already contract executed with manpower supplier ?
Menu
New service tax
Replies (1)
1. If job work amounts manufacture, no service tax. If not, service tax is chargeable @ 12.36% of the conversion cost. Exclusion of reimbursements subject to condition of pure agent.
2. Point of taxation is the date of bill or receipt of payment which everis earlier .
3. Labor conatrctor is liable to service tax. Reverse tax meachanism applies in the ratio 25:75.
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
