27 June 2015
Dear Sir , I request you please advise me , my company is private limited company , we are taking manpower as security guards from private security agencies. it is proprietary ship firm. can I pay service tax 75? or 100? on RCM. is there any changes made from from 2015-16.
27 June 2015
The change effective from 01-04-2015. See the link for notification. http://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
10. Reverse Charge Mechanism 10.1 Manpower supply and security services when provided by an individual, HUF, or partnership firm to a body corporate are being brought to full reverse charge. Presently, these are taxed under partial reverse charge mechanism. 10.2 Services provided by,- (i) mutual fund agents, mutual fund distributors; and (ii) agents of lottery distributor are being brought under reverse charge consequent to withdrawal of the exemption on such services. Accordingly, Service Tax in respect of mutual fund agent and mutual fund distributor services shall be paid by the assets management company or, as the case may be, by the mutual fund receiving such services. In respect of agents of lottery, Service Tax shall be paid by the distributor of lottery. This above changes in reverse charge mechanism will come into effect from the 1st day of April, 2015.
CAclubindia
