This is simple maths :)
- ST on 125000 @ 14% = 17500
- SBC on 125000 @ 0.5% = 625
- Interest as applicable at rates specified from due date to date of payment. Since I don't have these dates, I can't calculate interest.
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Regarding tds on contractor
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This is simple maths :)
- ST on 125000 @ 14% = 17500
- SBC on 125000 @ 0.5% = 625
- Interest as applicable at rates specified from due date to date of payment. Since I don't have these dates, I can't calculate interest.
@ Poornima you have told earlier i have to make 50% payment of service tax???? and the date of payment is 15/03/2016
In case where Service and Material not shown Sepretly in bill then RCM will applicable or not
if contractor has deposited such qmount then interest and penalty can be avoided.
Sorry, I forgot that point. You need to pay half of what I have mentioned.
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