Pot -reverse charge
This query is : Resolved
Ankit Keswani
(Querist)
12 October 2012
Suppose a bill has been raised by a SP on 30th june for man power services provided in the month of june and payment is made on 31 july by the SR.
Does the service receiver has to pay service tax on reverse charge mechanism?
Please help?
Does the service receiver has to pay service tax on reverse charge mechanism?
Please help?
MOHAMMAD SALIM
(Expert)
12 October 2012
As the bill has been raised in the month of June, 2012 , accordingly as per Rule 3 of POT Rules, the POT (date of bill or payment whichever is earlier) occurs prior to 1st July, 12. Accordingly present service would be taxable in the hands of the service provider and RCM wont be applicable.
Hope this would settle the issue...
Hope this would settle the issue...
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