Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Reverse charges

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

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)
Follow

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!!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!