Reverse charge mechanism-inclusive of taxes contract
This query is : Resolved
aishwaria sahni
(Querist)
31 January 2014
What will be the treatment of service tax under reverse charge mechanism (RCM) when the contract with the service provider is inclusive of all taxes? Should the service recipient reduce the payment made to the service provider by the amount of service tax paid by him, under RCM to the govt?
AVTAR SINGH
(Expert)
31 January 2014
If the agreement is inclusive of service tax, then deduct the payment made on account of service tax under RCM.
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