Reverse charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2013 Dear Sir,

We have received security services but instead of depositing 75% service tax liability by us as per reverse charges mechanism of service tax we have paid 100% Service Tax to the security agency.

Please advise us the statutory liability in above case to be borne by us and other consequences.

@VaibhavJ

@VaibhavJ (Expert)
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27 February 2013 Hi,

In first instance you have defaulted in non payment of your part, that you have to pay along with interest.

You can recover excess paid ST from security agency along with interest because of loss caused to you.

Thanks!!

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