Service tax on reverse charge-basci exemption
This query is : Resolved
09 August 2012
In case of reverse charge, can service receiver avail benefit of Rs.10 lacs per service provider or has to pay ST without considering basic exemption limit?
09 August 2012
Basic exemption limit is not available for service receiver.
09 August 2012
In that case, shall all service receivers who are liable to pay ST on reverse charge mechanism,shall apply for ST registration?
09 August 2012
YES, ITS MENDATORY FOR SERVICE RECEIVER TO SHALL APPLY FOR ST REGISTRATION.
26 August 2012
Shri CA Navin Jain ji,
For academic interest i am asking. Suppose my services are in the negative list and hence i donot need to apply for ST registration. But i am a service receiver of advocate fees, manpower supply for my output services, and i pay freight under GTA service. In such a scenario, according to your clarification he is also covered for applying registration. Is it so?
For academic interest i am asking. Suppose my services are in the negative list and hence i donot need to apply for ST registration. But i am a service receiver of advocate fees, manpower supply for my output services, and i pay freight under GTA service. In such a scenario, according to your clarification he is also covered for applying registration. Is it so?
26 August 2012
@krishna mohan,
For existing RC holder, as a service receiver he has to pay service tax for all the reverse charge services and he cannot claim threshold limit of 10 lacs. For service providers the basic exemption is available.
For existing RC holder, as a service receiver he has to pay service tax for all the reverse charge services and he cannot claim threshold limit of 10 lacs. For service providers the basic exemption is available.
27 August 2012
@ Rengaraj Sir ji, Request pl donot use word shri.
Reverse Charge Mechanism in service tax is not a new concept. Under this scheme, service tax is payable by service recipient instead of service provider . Under this charge service receiver have to register himself under service tax . Further service receiver can not claim general exemption limit of 10 Lakh rupees. So he has to pay even on few rupees of service received.
Reverse Charge Mechanism in service tax is not a new concept. Under this scheme, service tax is payable by service recipient instead of service provider . Under this charge service receiver have to register himself under service tax . Further service receiver can not claim general exemption limit of 10 Lakh rupees. So he has to pay even on few rupees of service received.
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29 July 2013
@ CA Navin Jain,
In south, Shri is used to give respect to professionals, knowledgable persons,Govt deparmnt officials and elders. And hence I used.
In south, Shri is used to give respect to professionals, knowledgable persons,Govt deparmnt officials and elders. And hence I used.
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