Dear All,
Please advise me regarding below issue.
We engage registered Labour Contractors to work in our factory.we takes 450no average contract manpower from contractor on daily basis to work in the production process and at the time of billing we pay minimum wages for no. of man days and 13.61% pf and 4.75% esi,service charge and on the Gross bill we pay service tax 12.36% and they submit quarterly returns to excise officials Is this correct?
Company need to Service tax on Labour contract bill(Gross Bill)?
Company need to pay Security service contractor Bill?
Please correct me if i am wrong?
Reg,
Sripad.K
From India, Karimnagar
23Please advise me regarding below issue.
We engage registered Labour Contractors to work in our factory.we takes 450no average contract manpower from contractor on daily basis to work in the production process and at the time of billing we pay minimum wages for no. of man days and 13.61% pf and 4.75% esi,service charge and on the Gross bill we pay service tax 12.36% and they submit quarterly returns to excise officials Is this correct?
Company need to Service tax on Labour contract bill(Gross Bill)?
Company need to pay Security service contractor Bill?
Please correct me if i am wrong?
Reg,
Sripad.K
From India, Karimnagar
Dear Sripad
If we engaging contract workers for our use all should borne by us only.
Service tax should be paid for entire amount in the bill which is correct. You will reclaim the service tax whatever you paid.
Contract should submit challans for every three months.
For any service if your availing they have to pay service tax because we engaging we have to pay the service tax which is in practice now.
Hope this will clarify your doubts.
Regards
Eswar.K
Manager-HR
From India, Chennai
If we engaging contract workers for our use all should borne by us only.
Service tax should be paid for entire amount in the bill which is correct. You will reclaim the service tax whatever you paid.
Contract should submit challans for every three months.
For any service if your availing they have to pay service tax because we engaging we have to pay the service tax which is in practice now.
Hope this will clarify your doubts.
Regards
Eswar.K
Manager-HR
From India, Chennai
Dear Sir, thanx for explaining me in brief. How to reclaim the service tax whatever we pay? Reg, Sripad.K
From India, Karimnagar
From India, Karimnagar
Dear Sripad That job will take care by your Income tax department. Check with your auditor for the same. Regards Eswar
From India, Chennai
From India, Chennai
Dear All,
it is sure and understood that out Lawyer who is filling our IT Returns will take care of our reimbursement of Service Tax. but query is there is there any period for that :X that when can a company claim for his deducted service tax amount ?
another query :- wht happens if a company dosent pays service tax ? or if he is generating 4 invoices per month and only pays service tax for 2 invoices. rest two invoices service tax amount he will eat out ? then anything can happen to that company. bcause that particular company has claimed service tax from his principal employer for all the four invoices.
URGENT
Regards
Viren Sanghvi
From India, Mumbai
it is sure and understood that out Lawyer who is filling our IT Returns will take care of our reimbursement of Service Tax. but query is there is there any period for that :X that when can a company claim for his deducted service tax amount ?
another query :- wht happens if a company dosent pays service tax ? or if he is generating 4 invoices per month and only pays service tax for 2 invoices. rest two invoices service tax amount he will eat out ? then anything can happen to that company. bcause that particular company has claimed service tax from his principal employer for all the four invoices.
URGENT
Regards
Viren Sanghvi
From India, Mumbai
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Contract For Service vs Contract Of Service.docx
Service Tax.pdf