Reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2013
If the service provider is below turnover limit of Rs. 10 lac,
how the Reverse Charge operate?
If the service provider is below turnover limit of Rs. 10 lac,
how the Reverse Charge operate?
22 January 2013
Hi
If you are service provider, you are not required to charge ST if your eligible removal is less than 10 lakhs.
If you are service receiver then you have to pay ST even though your eligible removal is less than 10 lakhs. However receiver can claim cenvat of ST paid under partial reverse charge.
Thanks!!
If you are service provider, you are not required to charge ST if your eligible removal is less than 10 lakhs.
If you are service receiver then you have to pay ST even though your eligible removal is less than 10 lakhs. However receiver can claim cenvat of ST paid under partial reverse charge.
Thanks!!
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