We are working in PSU where Vehicle has been taken on hire basis but bill for the period of May or June-12 received in July -12. we are laible for pay service tax under reverse charge (i.e 40% of service tax have to pay or not) Service provider turnover is less than 10 lacs
05 July 2012
Eventhough Service Providers Turonver is less than Rs. 10 lacs ST liability is their under reverse charfe if Service Proviser is Indiviual & HUF, Properietor, Partnership Firm.
Eventhough service is provded for period May or June 12, if you are booking invoice on or after 1 Juy 12 then you have to pay Service Tax under reverse charge.
05 July 2012
If you have received the invoice after 1.7.2012 and invoice issued prior to July 2012, no need to pay service tax. As per the Service Tax point of taxation rule date of invoice is to considered as date of taxation. otherwise you to pay tax as per ST Notf. 15/2012
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