Service tax reverse charge
Krishna (Assistant) (656 Points)
16 November 2014Krishna (Assistant) (656 Points)
16 November 2014
Vinay Garg
(Service Tax Expert)
(780 Points)
Replied 17 November 2014
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