Hi,
I am Hari Shanker.R - Partner TARGET HR CONSULTING SERVICES We provide Temporary staffing and permenant staffing services. We have entered in to an agreement with a leading FMCG co for providing temp staffing services.
The cost and revenue details are worked out here
Amount Recovered from the client (Per candidate) : Rs 4,200
Amount of CTC (Per candidate - Including PF & ESI) : Rs 3,945
(Rs 945 is the both Employees and Employers contribution of EPF and ESI)
Margin (Per Candidate) : Rs 255
What is my Service TAx Liability: I presume that it is 12.36% on Rs 255.
Can i deduct the expenditure such as Salary of Rs 3000 + EPF & ESI (Statutory dues) of Rs 945 and pay Service tax on Rs 255 alone.
As i am a "PURE AGENT" (Myself - TARGET HR) of the receipeint of the sevice (FMCG Company). Since the payment made by the Service provider (Myself) on behalf of the receipient of service (FMCG co) has been separately indicated in the INVOICE issued by me tothe client.
Expecting your reply. I need to take a call on the proposal. Please help
Regards
Hari Shanker.R - hari.targethr @ gmail.com
Partner - TARGET HR CONSULTING SERVICES
+91-9176690012
CAclubindia
