Service tax rcm
This query is : Resolved
27 June 2015
Dear Sir , I request you please advise me , my company is private limited company , we are taking manpower as security guards from private security agencies. it is proprietary ship firm. can I pay service tax 75? or 100? on RCM. is there any changes made from from 2015-16.
27 June 2015
You have to pay 100% from 1st April that is the change made.
27 June 2015
Please see https://www.caclubindia.com/experts/rcm-2110224.asp
27 June 2015
The change effective from 01-04-2015.
See the link for notification.
https://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
10. Reverse Charge Mechanism
10.1 Manpower supply and security services when provided by an individual,
HUF, or partnership firm to a body corporate are being brought to full
reverse charge. Presently, these are taxed under partial reverse charge
mechanism.
10.2 Services provided by,-
(i) mutual fund agents, mutual fund distributors; and
(ii) agents of lottery distributor
are being brought under reverse charge consequent to withdrawal of the
exemption on such services. Accordingly, Service Tax in respect of mutual
fund agent and mutual fund distributor services shall be paid by the assets
management company or, as the case may be, by the mutual fund receiving
such services. In respect of agents of lottery, Service Tax shall be paid by
the distributor of lottery.
This above changes in reverse charge mechanism will come into effect from the
1st day of April, 2015.
See the link for notification.
https://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
10. Reverse Charge Mechanism
10.1 Manpower supply and security services when provided by an individual,
HUF, or partnership firm to a body corporate are being brought to full
reverse charge. Presently, these are taxed under partial reverse charge
mechanism.
10.2 Services provided by,-
(i) mutual fund agents, mutual fund distributors; and
(ii) agents of lottery distributor
are being brought under reverse charge consequent to withdrawal of the
exemption on such services. Accordingly, Service Tax in respect of mutual
fund agent and mutual fund distributor services shall be paid by the assets
management company or, as the case may be, by the mutual fund receiving
such services. In respect of agents of lottery, Service Tax shall be paid by
the distributor of lottery.
This above changes in reverse charge mechanism will come into effect from the
1st day of April, 2015.
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