Dear All,
With effect from 07.08.2012, notification no. 45/2012 dated 07.08.2012 has amended the notification No. 30/2012 dated 20.06.2012 to expand the scope of reverse charge mechanism.
Now, w. e. f. 07.08.2012, following additional services shall be covered by reverse charge mechanism:
|
Sl. No. |
Nature or Descripttion of |
% of Service Tax payable by service provider |
% of Service Tax payable by service Recipient |
|
1. |
Security Services provided by Individual, HUF, partnership firm or AOP to body corporate business entity [Security services" means services relating to the security of any property, whether movable or immovable, or of any person, in any manner and includes the services of investigation, detection or verification, of any fact or activity- Rule 2(fa) of Service Tax Rules, 1994]
|
25% |
75% |
|
2. |
Services by a director of a company to the said company |
Nil |
100% |
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