Reg.notification no 15/2012

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This query is : Resolved

C G Dhandapani (Querist)

30 September 2014 The above notification indicates Service provider and Service receiver should share the Service Tax liability , need to understand that the Service provider Liability is limited to 60 % of Service Tax , whether Service provider need to raise invoice for 100 % service Tax and subsequently reverse the 40 % liability of Service receiver or the service provider Liability is limited to 60 % and service provider need to provide only for 60 %. Kindly advice me on the issue.

Note : Service provider is involved in Transport of Goods through road,air and sea , customs clearing agent , 3rd party logistics , warehousing service.

MOHAMMAD SALIM

MOHAMMAD SALIM (Expert)

02 October 2014 Service provider required to charge such amount of service tax as he is required to pay and should not charge service tax which is required to be paid by service recipient under RCM...

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C G Dhandapani

C G Dhandapani (Querist)

04 October 2014 Sir , Service recipient liability is restricted to the portion of 40 % he directly pays to the Government and Balance 60 % he pays to the Service provider , My assumption is Service Recipient liability has been reduced to 40 % and he need not to pay Balance 60 % to Service Provider , since that 60 % is borne by the Service Provider and not the service recipient.

Kindly advice.

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