Reverse charge

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CA. ASHWANI MAURYA (CHARTERED ACCOUNTANT) (82 Points)
Replied 16 March 2014

It was a good conversation on RCM. It also benefitted me. Ms. Rashmi is well equiped with the knowledge of RSM.

CA. ASHWANI MAURYA (CHARTERED ACCOUNTANT) (82 Points)
Replied 16 March 2014

The basic idea behind RCM was to curb the area from where it was not possible to collect tax before.

CA Varun Arora (CA) (286 Points)
Replied 17 March 2014

Pls clear my doubt also... Once SR has paid tax under RCM, after that wat & where is tax treatment?

CA Varun Arora (CA) (286 Points)
Replied 17 March 2014

Pls clear my doubt also... Once SR has paid tax under RCM, after that wat & where is tax treatment?

Ravinder Grover (CA) (83 Points)
Replied 17 March 2014

He can claim it as cenvat credit on the basis of paid challan if he is eligible for cenvat for that particular service. like normally on cab hiring service, cenvat is not available for everyone.

k.v.satyanarayana (articleship) (27 Points)
Replied 18 March 2014

Yes what said by rashmi is correct as per notification no.30/3012 .

RAHUL GOYAL (tax consultant) (46 Points)
Replied 18 March 2014

Dear Kunal,..... First of all see whether your client is a business entity(Body Corporate) or not,.....If it is.....,then apply RCM provisions for your client....i.e. your client will have to pay 75% of total service tax payable on security services Charges....No need to check whether the service provider is charging its part of service tax or not.....