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TMI BlogCHARGING OF SERVICE TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... CHARGING OF SERVICE TAX X X X X Extracts X X X X X X X X Extracts X X X X ..... Gross Monthly Salary (Incl ESIC/PF/PT) 1000.00/- 2) Professional Fees (10% of (1)) 100.00/- 3) Service Tax (on Professional Fees Only). (14.5%) 14.50/- Total Invoice Value 1114.50/- We are paying the Service Tax Received by us on a regular basis from 1st April 2015. Please let me know if this billing is right or not. As somebody told us that we should charge service tax on (1) ₹ 1100/- -an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d not only on (2)Rs. 100/-. Our ST Consultant had asked us to charge on (2) only. Awaiting a positive reply from your end. Regards, Pankaj A [email protected] Reply By KASTURI SETHI: The Reply: Taxable Value in this case is ₹ 1100/- and Not ₹ 100/- See definition of 'Consideration' in Explanation (a) to Section 67 of the Finance Act.This is effective from 14.5.201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 Reply By venkat eswaran: The Reply: Now Manpower supply service tax 100% payable by Service receiver only not by service provider Reply By KASTURI SETHI: The Reply: It is correct in Manpower receiver has to pay 100%. Reply By Ganeshan Kalyani: The Reply: Yes in case of manpower supply and the condition that provider should be individual/firm ane recipient should be a body corporate/company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is fulfilled then the responsibility of payment of service tax shifts on recipient of the service as per notification 30/2012 as amended. Reply By Ganeshan Kalyani: The Reply: Also I agree with the reply of Kasturi Sir, the reimbursement portion also become taxable with effect from 14.05.2015. Reply By KASTURI SETHI: The Reply: Sh.Ganeshan Kalyani Ji, After going through your views in my conf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irmation, I am of the view that valuation method in respect of Manpower Supply remains the same though 100% Service Tax liability has been shifted to Service Recipient under Reverse Charge mechanism. This is also a reply to the query/doubt raised by Sh.. Venkat Eswaran in his comments dated 11.12.2015.
Reply By Ganeshan Kalyani:
The Reply:
Yes sir i agree with you. X X X X Extracts X X X X X X X X Extracts X X X X ..... ge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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