Reverse charge mechanism
This query is : Resolved
Tanvi Rustagi
(Querist)
03 December 2013
is there any implication if full amount of tax is deposited by service receiver who is covered under reverse charge mechanism??
CA. RAVIKUMAR
(Expert)
03 December 2013
Under Reverse charge there are two types
1) full reverse charge: where in 100% of the tax liability is on the service receiver
2) Partial Reverse charge where in partially by service provider and partially by service receiver
Please refer my article available in below link:
https://www.caclubindia.com/articles/reverse-charge-methodology-under-service-tax-16364.asp#.Up4XOcQW1jE
1) full reverse charge: where in 100% of the tax liability is on the service receiver
2) Partial Reverse charge where in partially by service provider and partially by service receiver
Please refer my article available in below link:
https://www.caclubindia.com/articles/reverse-charge-methodology-under-service-tax-16364.asp#.Up4XOcQW1jE
Ganeshbabu K
(Expert)
04 December 2013
in case of business entity whose turnover exceeds 10 lakhs in previous year availed any services from individual or firm of advocates then service receiver it self liable to pay 100% of service tax
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