Reverse charge mechanism
This query is : Resolved
09 July 2012
What is meant by Reverse Charge Mechanism in Service Tax
09 July 2012
Reverse charge means that the service recipient is liable to pay the service tax on the service received by him.
The burden of compliance is placed on the service recipient.
The service recipient has to obtain service tax registration number, deposit the service tax and file the service tax return.
The burden of compliance is placed on the service recipient.
The service recipient has to obtain service tax registration number, deposit the service tax and file the service tax return.
09 July 2012
But when this case arises i am having a doubt can u plz explain with a narration.
09 July 2012
Please read Notification Number 30/2012 which lists the services on which reverse charge is applicable.
Some of the services are:
1. Service provided by Goods Transport Agency
2. Service by insurance agent to insurance company
3. Service provided by manpower supply agency
4. Import of service.
In all the above cases, the service recipient is liable to pay service tax.
Some of the services are:
1. Service provided by Goods Transport Agency
2. Service by insurance agent to insurance company
3. Service provided by manpower supply agency
4. Import of service.
In all the above cases, the service recipient is liable to pay service tax.
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