18 August 2012
Dear Friends, Can any one guide me in the matter relation to reverse charge mechanism of Security Services.
We are already paying the Service charges to our Security Service Agency on their bills. Is the notification no.45 & 46 relating to reverse charge mechanism is applicable to us.
So is it necessary to pay 75% of the Service Tax by us and balance 25% by the service providers or we can continue to pay the 100% of tax to said agencies.
18 August 2012
Yes.. If service provider is individual/firm and service receiver is body corporate then service receiver is liable for 75% of service tax.
CAclubindia
