Reverse charge mechanism in security services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2012
If the service provider is a prop firm already charging full service tax in bill and the service receiv is a body corporate ,then is the body corporate liable to charge 75% over and above and deposit.
Moreover can we take input credit for the service tax charged by the agency....
Moreover can we take input credit for the service tax charged by the agency....
Vishakha Kejriwal.
(Expert)
10 October 2012
If the value of service charges is say, Rs. 100/- out of Rs. 12.36 of service tax 75% is payable by the body corporate and 25% by the proprietorship firm to the Government.
The proprietor is entitled to recover only 25% of the service tax from you.
Moreover, the service tax charged by the agency could be availed as Cenvat credit if it qualifies as input service as per the Cenvat Credit Rules 2004.
The proprietor is entitled to recover only 25% of the service tax from you.
Moreover, the service tax charged by the agency could be availed as Cenvat credit if it qualifies as input service as per the Cenvat Credit Rules 2004.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
