Goapl Garg
(Querist) 14 July 2016
This query is : Resolved
I am a consultant.I have been awarded a contract from 28/06/2016 to 27/06/2017 for Rs.97000/- per month fixed payable to me by the principal against monthly Invoice. Please let me know if I have to charge service tax on this amount in my invoice and if yes then at what rate?
dr g balakrishnan
(Expert) 15 July 2016
please note there is a stipulated % of service tax like 14.5% or so; provided your income does not exceed for the year of a stipulated limit by the Act,you cannot avoid paying service tax, that is the Act.
Dr J C Vashista
(Expert) 16 July 2016
Consult a local taxation lawyer, you can very well afford for such commercial question.
Rajendra K Goyal
(Expert) 16 July 2016
Discuss with local tax consultant.
Surrender K Singal
(Expert) 16 July 2016
With KKC, ST rate may BE 15% and principal would deduct TDS
Kumar Doab
(Expert) 06 August 2016
You have entered into business. Retain a very able counsel to advise you on such matters. It is reasonable.
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