Reverse mechanism
This query is : Resolved
03 October 2012
whether recipient is liable to pay service tax under reverse charge for the below cases:
1}Bill received from contractor : 01/09/2012
but payment made against this bill before 30/06/2012.
and what if :
2} Bill received from the contractor on 1/09/2012 and part payment against this bill made before 30/06/2012 and part payment made after 30/06/2012,then on which amount st liable to be deducted in that case.
1}Bill received from contractor : 01/09/2012
but payment made against this bill before 30/06/2012.
and what if :
2} Bill received from the contractor on 1/09/2012 and part payment against this bill made before 30/06/2012 and part payment made after 30/06/2012,then on which amount st liable to be deducted in that case.
12 October 2012
case 1) as payment made before 30/06/2012 , POT falls before 1st July, thus no RCM.
Cas 2) Service tax under RCM only on amount over and above the advance paid prior to 1st July, 12...
Cas 2) Service tax under RCM only on amount over and above the advance paid prior to 1st July, 12...
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