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Payment of service tax - Invoice not issued, Service Tax |
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Payment of service tax - Invoice not issued |
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dear sir, i completed work contract lamsum basis from "Isar Engineers" value 1.2Cr which is from Rourkela Steel Plant (Sail) order value is 2.5 Cr, STC 29lacs isar is collected stc but as per our order i not issue any bill and collected st. but stc officer asking your not paid st what have to do? Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
What is your query? Is it related to sales tax or service tax. Also give more facts and details.
service tax
as per provisions of works contract service under service tax you have two options to bill your customer ie rsp
(i) charge service tax @ 10.30% on the value of services rendered excluding material supplied and vat ( you can bifurcate the entire material and service portion separately by putting it as per boq)
or
(ii) charge service tax @4.12% on total lumpsum contract value
if you have followed either of the above options then you have discharged the service tax liability correctly after receipt of payment from rsp there should not be any dispute with the authority if above is followed
Once you have received the amount towards taxable service tax works contract, you have to pay service tax irrespective of the fact that you have raised / issued any bill or claimed service tax separately from the customer.
tnx
dear sir,
iam sub contractor i am not raise the bill just main contractor is paid chaque payment
Hi Mr Mohammed,
Whether U have raises the bill or not, is not a matter. Since you have received the Service Tax, You have to pay it to the Govt. The service tax amount is not your money. You have collected it on behalf of the Govt only. and further, You can not levy service tax on the cost of the items supplied by you and the VAT charged thereon. But in the case of the Labour contaractors, they can levy service tax on the whole of the bill amount including the service charges amount. For this one service tax notification is available.
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