Rcm
This query is : Resolved
27 June 2015
Dear Sir , I request you please advise me , my company is private limited company , we are taking manpower as security guards from private security agencies. it is proprietary ship firm. can I pay service tax 75? or 100? on RCM. is there any changes made from 2015-16.
27 June 2015
Yes changes made, from 01-01-2015 it is 100% on RCM.
27 June 2015
MR.SEETHARAMAN, IT IS FROM 01.04.2015 ONWARDS ONLY 100% TAX TO BE PAID UNDER RCM AND NOT FROM 01.01.2015 AS MENTIONED BY YOU. PL NOTE
27 June 2015
It is w.e.f March 1,2015 and not from 01-01-2015/1-4-2015. Please see notification 7/2015 ST dated 1-3-2015.
27 June 2015
It is a typing error on my part. The effective date is from 01-04-2015.
See the notification provided in the link.
https://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
10. Reverse Charge Mechanism
10.1 Manpower supply and security services when provided by an individual,
HUF, or partnership firm to a body corporate are being brought to full
reverse charge. Presently, these are taxed under partial reverse charge
mechanism.
This above changes in reverse charge mechanism will come into effect from the
1st day of April, 2015.
See the notification provided in the link.
https://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
10. Reverse Charge Mechanism
10.1 Manpower supply and security services when provided by an individual,
HUF, or partnership firm to a body corporate are being brought to full
reverse charge. Presently, these are taxed under partial reverse charge
mechanism.
This above changes in reverse charge mechanism will come into effect from the
1st day of April, 2015.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- LIABILITY ADJUSTMENT
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- NRI INSURANCE ADVISOR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
