Dear Professionals
Kindly give your valuable opinion regarding Service Tax liability (with % ) of the service receiver to the below mentioned query.
We received a bill for Rs.1,50,000/- from a party(Individual Asse) for preparation ,delivery & installation of Advertisement boards of our company products.The boards are directly delivered & installed to the point of customer . Now, the party has charged Rs.1,25,000/- towards cost of material along with VAT & Bal of Rs.25000/- for delivery & installation charges. In case of Service Tax , party claimed that as a below thresh hold limit category .Now my question is in such case what is the service tax liability(RCM) of the service receiver. If liability is applicable at what rate.?
Kindly give your valuable opinion in this regard with concerned notifications, if any.Please.
Regards
Ramamurthy
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