Reverse charge
This query is : Resolved
19 March 2014
can any one explain the concept of reverse service tax ...
19 March 2014
1. The normal concept in service tax is that the service provider is liable to:
(a) Get registered,
(b) Charge service tax in his invoice
(c) Deposit service tax with the Govt
(d) File service tax return
2. Under reverse charge the liability is shifted from the service provider to the service recipient.
The service recipient has to comply with all the requirements:
(a) Get registered,
(b) Deposit service tax with the Govt on his own
(c) File service tax return
(a) Get registered,
(b) Charge service tax in his invoice
(c) Deposit service tax with the Govt
(d) File service tax return
2. Under reverse charge the liability is shifted from the service provider to the service recipient.
The service recipient has to comply with all the requirements:
(a) Get registered,
(b) Deposit service tax with the Govt on his own
(c) File service tax return
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
