Dear All,
Please help me out for the following
the service provider is manpower supply individual
what is the service tax laibility for service provider and service receiver with example pleaseeee.
4 Replies
satya
(Executive Excise)
(1839 Points)
Replied 22 November 2012
Dear Srinivas,
Service Tax liability for Man Power Supply service is
Service Provider has to pay ST @ 25%
Service Receiver has to pay ST @ 75%
Ex:
total Value of Manpower supply is 50,000/- ST @ 12.36% is 6180/-, SP's liability is 25% 1545/- only and SR's liabilty is @ 75% 4635/- (1545+4635=6180).
Varun Dhiman
(CA FINAL)
(106 Points)
Replied 22 November 2012
DEAR SATHYA,
CAN SERVICE PROVIDER TAKE CREDIT OF PROVIDING HIS SERVICE
IN ABOVE SAID EXAMPLE
TAX ON SERVICE ON :- 6180RS/-
SERVICE TAX RECEIVER WILL HAVE TO PAY TAX 6180 RS/- & TAKE CENVAT CREDIT OF ABOVE TAX AGAINST PROVIDING SERVICE
PLZZZZZZZZZZZZZZZZ CORRECT ME
satya
(Executive Excise)
(1839 Points)
Replied 22 November 2012
Dear Varun,
Cenvat Credit is eligible to Service Receiver only,
25% ST paid by SP on strength of providers Invoice.
75% ST paid by SR on strength of GAR7 Challan.
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