Reverse charges mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2013
what is the logic behind reverse charges mechanism and tell me please if a manpower supply service is liable to pay service tax than 25%is payable by service provider and 75% payable by service receiver whether 25% amount come on gross or service tax amount.how we should calculate
28 February 2013
25% Service tax to be calculated on Billed amount i.e. who charges the service value actually. Service receiver pay the service tax @ 75 % on the same billed amount with debited to respective expenses account.
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