CHETAN KHANDELWAL (firm) (66 Points)
26 September 2013Sir I want to know since when reverse charge mechanism on transportation charges become applicable n is it have retrospective effect or not? Because my transportation agency, considering benefit in voluntary service tax payment scheme, is forcing us to pay his service tax
Sachin Jain CA, CS, CWA
(Job)
(240 Points)
Replied 26 September 2013
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 28 September 2013
For VCES you have to go for that scheme, because service tax you were liable only at that time, so that cant force you, you have to pay or opt for VCES.
CA Vivek Goyal
(Practising CA)
(148 Points)
Replied 01 October 2013
In VCES you are to pay tax liability as per provisions stated during the whole period w.e.f 01-10-2007 to 31-12-2012. You are to compute your liability as per laws prevailing at different time.
CA Chirag
(Chirag Sheth & Associates)
(1183 Points)
Replied 08 October 2013
Reverse charge becomes applicable from 01.07.12.
VCES scheme becomes applicable for 10.5.13. This scheme is applicable for those who has not complied with Rules and Regulations of Service Tax Act,1994 either knowingly or un-knowingly. By complying this scheme, they can relieve themselves from Penalty, Inetrest and also from immunity.
CAclubindia
