Reverse charge mechanism

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2013 we (Pvt. Co.) received security services for house keeping from service provider (HUF) in the month of june. the service provider has raised bill dated 02.07.2012, whether we have to deduct S.T. @ 75% under reverse charge mechanism while making the payment as on 16.07.2012?

CA Vikas Acharya

CA Vikas Acharya (Expert)
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25 May 2013 if he has charged 100% on bill then you will deduct 75%. and if he has charged only 25% then you have to pay the 75% from your pocket.
next thing is as per rule 7 of point of taxation rules:
your point of taxation is date of payment. and therefore you had to deposit it till 7th of august. i.e, next due date of pot.
so now check the bill and do accordingly, your duty is, if they charged 100% then deduct and deposit.

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