Service tax, question & answer - 3 - Service Tax

Service tax, question & answer - 3

Page no : 3

nikhil shah (shahbhai) (63 Points)
Replied 16 September 2012

thanks a lot mr.navin

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

ranjitkarmakar (service) (305 Points)
Replied 18 September 2012

Dear Sir,

According to Reverse Charge mechanism The Service Receiver has to paid Service Tax for the service he received from Service Provider. But The Service Provider haveing no Service Tax No. due to not cross the 10 lac limit. So the question is where the Service Receiver have to deposit the tax in which no. as he is also not haveing Service Tax No. Please clear my doubt. Thank in advance.

CA Navin Jain (MANAGER (FINANCE & ACCOUNTS)) (11768 Points)
Replied 18 September 2012

if service provider not charging service tax on invoice because service provider donot having ST no due to trunover is less than the exemption limit.

in this case service receiver is liabale to pay service extent to their actul st laibility.

For Exp, ABC P LTD. received the bill of manpower hiring of Rs. 100 from individual who not charging ST on bill then in case ABC P LTD is liable to pay service tax 100*75%*12.36% ONLY.

ranjitkarmakar (service) (305 Points)
Replied 18 September 2012

Dear Sir,

Thanks for your reply, My question is suppose ABC P LTD. not haveing any Service Tax No. then where the said tax will be deposited. Thanks with regard,

CA Navin Jain (MANAGER (FINANCE & ACCOUNTS)) (11768 Points)
Replied 18 September 2012

ABC P LTD need to apply for service tax no.

Upgrade to CAclubindia Pro. Subscribe Now!

MEENAKSHI (ACCOUNT ASSISTANT) (21 Points)
Replied 19 September 2012

who to calculate the service tax montly and yearly. and also if we recv service and given the service who to calculate the service tax.

CA Navin Jain (MANAGER (FINANCE & ACCOUNTS)) (11768 Points)
Replied 19 September 2012

service tax liablity is calculated on monthly basis.

1 Like

MANOJ SINGHANIA (FINANCE EXECUTIVE) (25 Points)
Replied 26 March 2015

WE HAVE GOT A TURNKEY PROJECT FROM STATE GOVERNMENT (DIRECTORATE OF COMMERCE AND INDUSTRIES) . WHETHER WE WILL CHARGE SERVICE TAX ON ORK CONTARCT BILL TO HIM UNDER COMPOSIT SCHEME.

MANOJ