Reverse charge mechanism
This query is : Resolved
Abhijeet Naruka
(Querist)
19 September 2013
My Client is receiving service from XYZ who is a individual assessee (Small Service Provider Provided total taxable service in Previous Year of Rs.500000 & Rs.600000 in Current Year ) of Rs.50000 under works contract service.So In this Case Reverse Charge Mechanism will apply or Not??
Ganeshbabu K
(Expert)
19 September 2013
Reverse charge mechanism will be applicable if service receiver is business entity registered ad a bodycorporate
Service provoder can enjoy small service provider exemption..but your liability to pay your part of tax will not come to end.so you need to pay servicetax on ur part liability and can take credit.
Service provoder can enjoy small service provider exemption..but your liability to pay your part of tax will not come to end.so you need to pay servicetax on ur part liability and can take credit.
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