Reverse charge mechanism

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2012 Dear Sir,

Can any one tell me in lay man's language what is the reverse charge mechanism?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

27 August 2012 Reverse charge mechanism means that the service recipient is liable to pay & deposit service tax with the Govt, instead of the service provider.

All the formalities have to be complied with by the service recipient.

The service recipient has to get himself registered, deposit the service tax and also file the return.

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2012 thnx sir....but in which service dis funda is applicable....pls xplain

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

30 August 2012 Download notification number 30/2012 from CBEC website.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now