Reverse mechanism system

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2013 Dear All,
Please confirm , whether Reverse Mechanism System (as per service tax notification) is applicable or not for those listed service providers / receivers ,who's yearly taxable turn over / income does not exceeds Rs.10 lakh ?

Example #

if annual income of a legal service providers does not exceeds Rs.5 Lakh & if he has not taken service tax registration then this Reverse Mechanism System rule applicable or not for service receiver.

Regards

S Mullick

Ganeshbabu K

Ganeshbabu K (Expert)
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23 September 2013 if you mean about individual advocate who is service provider having turnover less than 10 lakhs
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in case of receipt of services from advocate every business entity should pay service tax under reverse charge for 100% of service tax on gross amount charged by advocate in his bill/...
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here service receiver means business entity having turnover of more than 10 lakhs

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