Reverse charge
This query is : Resolved
17 February 2016
how to calulate reverse charge & all procedure regarding return filling of reverse charge.
17 February 2016
Reverse Charge was introduced by Finance Act 2012 with effect from 1st July 2012. Under Reverse Charge Mechanism, the service recipient is liable to pay the service tax fully or partially. How much of the service tax is to be paid by the service provider and how much by the service recipient is detailed in the following notifications which may be perused for more clarity.
Notification No 30/2012 - ST dated 20th June 2012
Notification No 10/2014 - ST dated 11th July 2014
Notification No 07/2015 - ST dated 01st March 2015.
Notification No 30/2012 - ST dated 20th June 2012
Notification No 10/2014 - ST dated 11th July 2014
Notification No 07/2015 - ST dated 01st March 2015.
18 February 2016
Thank you Sir
but I have Little confusion that as a service provider how to show the service recipient portion of service in service tax return.
Could you tell me where to show the Amount of service recipient portion in ST3 by the service provider
Whether Amount of service recipient portion shows in exempted service column (other than export) or Abatement column
please clarify.
but I have Little confusion that as a service provider how to show the service recipient portion of service in service tax return.
Could you tell me where to show the Amount of service recipient portion in ST3 by the service provider
Whether Amount of service recipient portion shows in exempted service column (other than export) or Abatement column
please clarify.
18 February 2016
If as a service provider you are filing our ST - 3, in the sheet you have the following queries at top:
Say you are filling up the Payable Service sheet of Manpower Planning & Supply Services.
Service Provider / Service Receiver Reverse Charge Payable Percentage. On filling up these details the deduction boxes grey in colour will turn green - Reverse Charge payable by Reciepient / Partial Reverse Charge Payable. On filling the relevant amount, the taxable amount of service is adjusted to the figure on which the servie provider is liable.
Say you are filling up the Payable Service sheet of Manpower Planning & Supply Services.
Service Provider / Service Receiver Reverse Charge Payable Percentage. On filling up these details the deduction boxes grey in colour will turn green - Reverse Charge payable by Reciepient / Partial Reverse Charge Payable. On filling the relevant amount, the taxable amount of service is adjusted to the figure on which the servie provider is liable.
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