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whether service charge and service tax is applicable on esic reimbursment, Service Tax |
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whether service charge and service tax is applicable on esic reimbursment |
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Dear sir, kindly confirm that whether service charge and service tax applicable on ESIC reimbursement amount from company in contractor invoice in separate bill. Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Every kind of reimbursiblle is not taxable. Only that amount which has been incurred in the course of providing taxable service and is reimbursiblle is liable to Service Tax. This is as per Section 67 of the Finance Act. See the definition of 'Consideration'.
Yes, this is part of the gross value. Under a contract, contractor receives this amount and it is integrally connected with the service.
The contractor employs the people and it his responsibility for the esic deposit. It is not a pure agent reimbursement.
Sh.Himansu Sha Ji is 100 % correct on this issue.
Thank you sir Page: 1 Old Query - New Comments are closed. |
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