Partial reverse charge
This query is : Resolved
17 February 2015
In case of Partial Reverse Charge Mechanism, does the Service Provider need to include the tax payable by the Service Receiver in his Tax Invoice.
17 February 2015
Hi Krishna,
Yes , the amount of tax payable by receiver of services must be mentioned on Tax Invoice.
Its one of the Mandatory requirements.
Regards
Hi Krishna,
Yes , the amount of tax payable by receiver of services must be mentioned on Tax Invoice.
Its one of the Mandatory requirements.
Regards
17 February 2015
If the amount of tax is not mentioned on the invoice then also service recipient is liable to discharge its service tax liability .
18 February 2015
hello Anjana Madam,
If I am not wrong, Rule 4A of STR 1994 says "the service tax payable theron". It does not specifically say that the tax payable by service receiver has to be included in the invoice.
Regards
Kanishka
If I am not wrong, Rule 4A of STR 1994 says "the service tax payable theron". It does not specifically say that the tax payable by service receiver has to be included in the invoice.
Regards
Kanishka
18 February 2015
As per Rule 4A of STR, 1994, the service provider should mention the Service Tax payable thereon on such service.
Rule 4 nowhere mention to indicate the service receiver or service provider portion of tax.
But for precaution and better compliance it is good practice to mention the Service Receiver portion of Service Tax on invoice.
Rule 4 nowhere mention to indicate the service receiver or service provider portion of tax.
But for precaution and better compliance it is good practice to mention the Service Receiver portion of Service Tax on invoice.
19 February 2015
Thanx to all for helping out!!!
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