banner_ad

Service tax reverse charge

Service Tax (Legacy) 457 views 1 replies
our client is works contract service provider(proprietor); provides service to company; company paying 50% service tax by deducting our income; and again our client paying remaining 50% from his own pocket. so it looks like our client paying full100% service tax from his own pocket.according to my knowledge 50% st company has to pay from his own pocket & balance 50% should be given to the service provider. i want help whether the company(service receiver) is doing right accounting
Replies (1)

It should be like this 

If the value of Service as Rs.100000/-

Tax on 1st half i.e. 50,000*12.36%= 6180/- should be paid by the SR to the Govt.

Tax on 2nd half i.e. 50000*12.36%=6180 should be paid by the SP to the Govt.

 

SP will recieve from SR 100000+6180=106180/-

 

Hope it will help


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details