Reverse charge mechanism

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Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 Please tell me the concept of reverse charge mechanism ?
and what rate is charged under this?

CA R SEETHARAMAN (Expert)
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21 April 2015 See the link.
http://taxguru.in/service-tax/reverse-charge-partial-reverse-charge-mechanism-service-tax.html

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 thanks for sharing the link.

Labor supply with material bill rate of reverse charge is ?

CA R SEETHARAMAN (Expert)
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21 April 2015 For works contract 50% reverse charge applicable on abated value.

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 means 50% on 4.944%
or simple 6.18%

CA R SEETHARAMAN (Expert)
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21 April 2015 If it is works contracts for original works then it is 50% on 4.944%.

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 Please clarify the account entry of Security bill. With what amount we take RCM and S.T Liability

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