Reverse charge mechanism
This query is : Resolved
GAJENDRA RANGOONWALA
(Querist)
25 June 2016
Whether maintenance or repair service provided by a partnership firm to a body corporate entails service tax on reverse charge mechanism ?? if yes the % of service tax payable by provider and receiver of service.
CA R SEETHARAMAN
(Expert)
25 June 2016
Yes reverse charge applicable on this service. 15% service tax payable on 50% of 70% value of service payable by service provider and receiver.
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