Reverse charge mechanisum
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2014
Dear sir,
is the reverse charge mechanism applicable on banking financial services.
is any provision amended relating to financial services?
is the reverse charge mechanism applicable on banking financial services.
is any provision amended relating to financial services?
CA R SEETHARAMAN
(Expert)
22 November 2014
No provision amended relating to financial services. Reverse charge mechanism is applicable in the following case at 100%.
Provided by person who is located in non-taxable territory and received by any person located in taxable territory (In case of foreign services and services from J&K)
-
Provided by person who is located in non-taxable territory and received by any person located in taxable territory (In case of foreign services and services from J&K)
-
Rupesh Jain
(Expert)
26 November 2014
no provision for financial services .
01 December 2014
agreed with seetharam.........................
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