Reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2013
can any one clarify me the reverse charge mechanism under service tax. Whether reverse charge mechanism applicable in the case of service tax charged under specified rate where service provider is a proprietor. whether specified rate of 4.94% can be charged for corporate clients under WC Act
at 50:50 basis.
at 50:50 basis.
10 October 2013
Reverse charge in works contract service
1)50% tax by service receiver if service provider of works contract service is individual, HUF, proprietary or partnership firm or AOP
2)AND service receiver is business entity incorporated as body corporate.
3)50% service tax is payable by service provider and 50% by service receiver. The service receiver liable for 50% even if service provider does not charge service tax.
.
.
50% means 50% of 12.36
1)50% tax by service receiver if service provider of works contract service is individual, HUF, proprietary or partnership firm or AOP
2)AND service receiver is business entity incorporated as body corporate.
3)50% service tax is payable by service provider and 50% by service receiver. The service receiver liable for 50% even if service provider does not charge service tax.
.
.
50% means 50% of 12.36
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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Old Traces Portal
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst reverse charge mechanism to be claimed in the month of payment
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Error in uploading Form 10BD
- PF wage ceiling
- ITC BENEFIT ON BROKRAGE PAID
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
